WORX is shown here on a weekly chart. Basically it has been falling since COVID. Apparently,
a Chinese company manufacturing electric landscaping and yard maintenance tools. In the past
four days a big move up from 1.40ish to over 3. Looking to the left, it traded at 125 around the
time of COVID. The FINRA short indicator had a burst of activity and the...
WORX stock tested a key FIb level on Wednesday being the 50 fib line after plotting the top anchor at the recent high the first time WORX busted above the 50 fib. Before this latest round of testing, the last time WORX reached this key level it was rejected heavily.
A few weeks ago, the company announced that it had regained compliance with the NASDAQ listing...
Potential gain:+200%
Reward/Risk:+10
Timeframe: <100 days
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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