New contract continuing cash flow. With the new contract they just landed they will have continuous cash flow. MACD is closing red towards green, and price is above the 50 sma line.
WKHS trade ideas
WKHS Workhorse Big Electric Truck Order | BullishPride Group Enterprises, which operates 17 retail and rental truck locations in the U.S. and Canada, ordered 6,320 vans for delivery between this July and 2026.
Cincinnati-based Workhorse expects to build 1,800 vans this year.
Workhorse plans to begin fulfilling a pending order from United Parcel Service (NYSE: UPS) for 950 C-Series vans this year. It had a total backlog of about 1,100 vans at the end of the third quarter of 2020, not counting a 500-truck order from commercial vehicle distributor Pritchard Cos. (source: benzinga.com)
Please leave me a message if you want to test the buy and sell indicators that i am using.
possible reboundPlease note: I'm just sharing my view. its not a recommendation for buying or selling.
$WKHS golden zone - Target $40 by FebWorkhorse is currently consolidating in a wave 2 and has already crossed the 0.618 retracement level. It appears to be continuing to the 0.786 retracement level which coincides with the 1.618 band on the pitchfork at around $18. RSI and Stochastic RSI are both in the oversold territory, but could linger there a few more days as it consolidates to the 0.786 level.
If $WKHS is above 18, wait for confirmation of uptrend as it crosses $21. At this point i will look for it to fill the gap from Dec 1 to Dec 2, where it fell form $25 to $19.
Once $wkhs has crossed $21, im targeting $40+ by early to mid February as it hits the median of the pitchfork to complete wave 3.
Workforce Accurate StructureThis is the structure of workforce that i see forming. Please the pattern may change while its forming, but i will try to keep you updated incase of change of structure. Thank you for support.
wkhsI'm not long this yet as I see a potential for a move to about $13. Right or wrong, accumulating this seems like a logical plan for the long term. I have an initial target of $155 for this. 2023 option call may be on the table for me...
buy now !?buy now and look to sell around 27.52ish, obviously wait for confirmation of it bouncing back down..
$WKHS Workhorse Short Term Targets
WKHS short term targets -
$26.00 Fibonacci Golden Pocket
$28.00 Daily candle resistance
RSI rising
MACD bullish reversal and cross above Zero-line
Histogram ticking higher
Bouncing off the 50 sma line. WKHS looks good as the MACD is turning green, and it seems to be using the 50 sma line as support.
WKHS broke the $23 Resistance and retested.WKHS finally broke the the sideways channel that's shown in the chart and retested . so far we can consider it to be support. the next target up is $25-$26 with $25 being a psychological target and $26 as the next line of resistance.
Please let me know what you think .
Note:
This is not a signal. this is just a trade idea.
Please trade at your own risk using your own analysis.
Regards.
WKHS - falling back to support $15 - $16WKHS may make a small bounce then heading back down to $15 support zone rather fast. Slowly climb back up towards Q1 -> Q2
Buy $WKHS - Entry 23.00, PT1 - 24.00, PT2 25.00, SL 22.43 Typical gap fill play, although i'm late to posting this, I entered at 23.00. You could wait for a retest of 23 or shoot for the gap fill.
Workhorse $WKHS potential buyBroke the resistance and if it holds.. will look to fill the gap to $25.
WKHS trading sideways. WKHS has been somewhat quiet trading sideways, but now today we saw a small spike in price. MACD is closing red going to green, and i like how it has gone above the 50 MA line. USPS contract expected to be announce during the first half of the new year. Keep in mind ARK invest has remained with there position and have not sold any.
ABC BullishThis one looks to be improving technically..
Long entry is set at the point where price breaks the CD leg in an uptrend. The break out level is subjective as folks idea of an uptrend can differ person to person. It is hard to set a long entry level before this level has been set. I usually try to place it over obvious resistance.
ABC patterns are corrective patterns and D is the target..so it is an ABCD formation. It is consuidered a measured move down. Targets are calculated using the AB leg and fibonacci levels..
I use 0.38, 0.62, 0.79. If the market is still bullish , price can reach the 1.27 and 1.61 levels and these are usually targets 2. Some folks also use 100% AB.
When price hits D, it is time to sell. I do not put D in the pattern name because it is not there yet (Someone asked me that)
This is considered a harmonic pattern , as it repeats itself over and over in the market. There is also a bearish ABC pattern and a bearish ABC pattern considered a measured move up.
Not a recommendation
WKHS in lateralization modeWKHS appears to be in a stabilization phase with longer than expected.
Despite the low production of vehicles expected for the next year (1,500 trucks) any new news would send the action to its previous levels.
Its resistance is 40% higher at around $ 30 which is a good incentive to take a chance.
The trend in the 35-period MA of the OBV shows a slight recovery and a smooth inflow of capital into the stock.
In any case, it would not be a bad idea to have a stoploss close to $ 20 in case traders lose their patience and decide to sell. It is a good precaution.
Regardless of what has been said, I maintain my optimism
WKHS Possible ReversalAppears to be in an island reversal. Watching for a breakaway gap from the box. Additionally, it appears the top of the box is a key level of previous support and resistance ($22.90 ish), with swing lows getting higher. My entry will be a gap up from this level with significant volume or after the break of resistance with a pullback to the $22.90 level confirming support.
Beware: WKHS is burning through cash and needs to raise again. Any bullish run will be a quick trade for me. A pump leading to an offering sounds realistic.
