WKHS trade ideas
WKHS woke up. New highs. After Bidens speech yesterday about electrifying the governments vehicles fleets it seems like wkhs is making a move towards new highs. That usps contract is looking more and more like WKHS will get a portion of the contract with the speech. MACD is widening green. RSI is overbought. Bullish chart.
Workhouse is the most growing revenue EV maker..!When an asset class stay for a long time in a consolidation pattern,it will be skyrocketed when it gets out!
WKHS 21-01-2021Asset and Time frame -4H,WKHS
Entry Price -23.13
Exit(Stop Loss) -21.45
Exit(Take Profit) -29.63
Technical Analysis - Price action made an ABC touches on 4H Fibonacci levels, heading to the -0.272 level, the price has been moving inside a confirmed bullish channel, also, we have a morning star pattern just above the 100 MA(4H)
I would like to hear your opinions and what can I do to improve, many thanks
WKHS breakout coming I am by no means an expert but have been keeping an eye on this stock action formation for awhile now. Looks to me like a breakout is coming soon. NASDAQ:WKHS
$WKHS to 30. Possible breakout on the daily look for good volume and a rip to $30!
Visit my profile for more ideas and make sure to check the link in my bio. :)
Symmetrical triangle breakout Post office truck deal rumorswith the incoming president overhaul initiative has it moving this morning
Targets are Greenlines.
Entry 28$
stop loss 27$
WKHS still in running for USPS Contract, Higher Lows On RecoveryWKHS had a panic sell from retailers when Cathie from ARK sold some shares. Now that the weak hands are out, it can continue it's rebound back from the USPS contract sellofff. Note that Ark looks to have bought back WKHS shares around 300k worth Friday but moved funds from the prevous WKHS sale to PCAR IMO. WKHS also making higher lows showing resilience. This thing goes soon!
$WKHS Long Once Again...- WKHS showing life hopefully here soon as it has a very similar set up to RIDE and LAZR, which it should follow soon.
- Triangle diffrent types of wave counts but i feel like until we get a huge green candle or touch of the trendline we should get direction.
-Overall bullish along with energy keep this one on watch
BUY $WKHS - PT1 27.78, PT2 30 SL 20.3 - #fintwitRationale:
- Green energy stocks will have upward pressure given the current political and economic climate.
- Options flow is highly bullish
- 23 has been acting as a key level ever since the gap down in December
- Price is currently sitting on a large volume shelf anchored to September, a large amount of demand historically in this region
- Price recently broke 23 and is retesting that level
- Bullish pennant triangle formation can be drawn
- Recent drawdown is in line with the market
- First profit target is at the next known volume shelf, runners to PT2
WKHS breaking out of descending wedgeWKHS break of descending wedge. Held 200ema and MACD crossover on 1 hour chart.
workhorseswung workhorse over night . just using this as documentation. consolidation by the trend line then break out .
$WKHS | Workhorse: Bullish Falling Wedge [Update 1]$WKHS broke out of the bullish falling wedge that was shared in my previous idea.
Watch for continuation to the upside.
Initial Targets: $24.70 | $25.70
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
See my previous $WKHS analysis here:
WorkHorse Group Sell opportunity The previous idea played out exactly, now from the chart It's clear that an ABC corrective structure has just been completed for the next impulse down. Thank you.
$WKHS Breakout - End of Week (EOW)This will have another entry or 2 around it's support ~23.20, and will breakout towards ~24.70. If it breaks through, resistance around ~25.50 by EOW. IMO
Entry: ~23.20
Price Target (PT): ~25.50
**I don't think we'll see $28.00 levels until March
- Pocketfeeder
WKHS is that an Opportunity zone to buy I'm actually new in trading filed, i learded trading from different sources, colleges, online courses and experiences in forex market (and yes that was a fault for a beginner) , now i'm more interested in stocks and learning step by step, I'm basically like technical analysis and want to share my though with trading community
