WKHS trade ideas
A closer look at workhorse Always buy the deep and at the support levels in EV makers, because they move so fast that you can’t catch up with in Green Day’s..!
$WKHS looking for the bounce between .5 .618We will bounce between the .5 and .618 . I great entry under 23.
WKHS long ready $30+ target please do your own DND, WKHS giving us a setup. be patient the market will reward you.
another plug and blnk
WKHSWKHS 13JAN21 1D Time Frame
Chart is coiling into a symmetrical triangle formation which means that it could break either way.
Price action seems to be going down for the next few days but should hit trend bottom around the buy zone which also happens to be 61.8% fib area. My opinion anticipates a bullish move because at the 1week time frame, MACD seems to be losing bearish momentum and Stochastics is at at the oversold level.
2 ways to setup stop loss; Keep a tight stop loss just below the bottom trend line to keep losses at a minimum however for those with stronger hands, another possible stop loss is just bellow the last pivot low.
MACD shows a light bullish direction but histogram shows a losing bull momentum.
Stochastics shows downward movement but still near the overbought level.
Disclaimer
I do not know how the market will move tomorrow. All my post is not a recommendation, advise nor a suggestion and should not be used as a replacement for investment advice from a qualified licensed professional. All my post is for practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice and recommendation. You, the reader, bear full responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
Bullish pennant. WKHS looks to be in the process of a bullish pennant or flag. RSI IS heading down and MACD is green getting ready to close red. We could see a breakout next week. Price target of 33 dollars.
Workhorse consolidating breakout could come tomorrow or next week. Flirting on the fib retracement line for over 2 days.
$wkhsLooks to be pulling back here. Possible bounce off golden zone near the bottom of the pitchfork between $22 & $23
$WKHSUpdated chart from yesterdays ( Wedge breakout) expected more downside on it but broke out, adjust the trendline from yesterdays chart to the topped out resistance and youll see the bull flag on the 1hour, a dip buy opportunity is still in play ($24) or wait for the breakout again.
WKHS 55%The 22 - 24 level is the dip to buy. Or you can wait for price to break 27 for a less riskier entry.
The EV market has some okay companies that are receiving a lot of hype: fsr, ride, wkhs, nkla, li
This is a play based on the current market landscape, I believe these stocks are not proven yet and are not profitable.
$WKHSWedging nicely on the 2hour here, ideally Id want it to back-test triangle breakout and bounce off with the support from the 50day ma with a more heavy position but can slowly build from 24 downward.
Workhorse crazy long Going long on workhorse based on this fractal.
SL underneath the double bottom.
$WKHSWKHS looking like a nice long after a nice trend change that i am hoping to happen a higher degree wave 2 looks to be finished with a daily low being set starting off for a possible wave 3 incoming if not a longer correction of ABCDE can also be formed but either way its looking amazing for the long term. Volume average is picking up it did reject so i will wait for a 4hr daily low to be set before getting any stock or options on it.
15.94% gain in one day is not bad!Maybe a temporary pause and possible continuation higher! However, a 15.94% gain in one day is not bad and is enough for some traders.
Between January 6 & 7, 2021, the pullback happened very quickly followed by a bull gap, and the stock rushed above the target price of $26 from my previous article on January 6, 2021.
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: This stock may pullback and then break out to a test price level of $26." Here is the link to the article:
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
New Trade Idea: The stock may trade now between the range price of $25.37 & $27.23. It is possible for the price to move higher or lower temporarily. Long-term prediction: Still bullish for this stock. However, a 15.94% gain in one day is not bad and is enough for some traders.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
$WKHS Breakout ComingSchiff's Pitchfork show's price on low-middle end of spectrum while MACD is gaining steam on the positive side...
WKHS Minor Wave 1 of Major Wave 3Workhorse (WKHS) retraced to the 0.618 after an impulsive wave 1. EV sector is primed to run-up with democratic election win. WKHS has been in rumors with USPS contract and could be a major catalyst for a wave 3
