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WORKHORSE GROUP INCWORKHORSE GROUP INCWORKHORSE GROUP INC

WORKHORSE GROUP INC

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WKHS trade ideas

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.
NASDAQ:WKHSLong
by NetWorthFocused
WKHS 1H TRIANGLE BREAKOUTTriangleS are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit. This trade post was provided by Ben Losier from TSG. Thanks Ben
NASDAQ:WKHS
by Tradingstrategyguides
1
ABC BullishWKHS has definitely been struggling.. ABC bullish is an ABC/D sort of pattern but D is not here yet..so I call it ABC..lol..It is a corrective pattern and is a measured move down.. Targets are calculated using the AB leg and fib levels then added to the long entry level.. NV has been decreasing since price hit 11.90ish.OBV is high and short interest is low..no rising wedges in the yearly chart..RSI is tilted up and the stock is not overbought...monthly candle is a red hammer and weekly is a doji..the 5 MA crossed down through the 20 MA a few days ago and is tilted down. The 50 MA is tilted down. The 100 and 200 are pointing up. If I look at moving averages, then it looks like this one may struggle a bit more...time will tell.. Ichimoku cloud also indicates a tough time in the near future but then the cloud turns green..be careful with your entry and good luck! Not a recommendation Happy Holidays!
NASDAQ:WKHSLong
by lauralea
$WKHS Swing Trade IdeaWKHS hit resistance at $30 area, then got hammered more when USPS delayed the contract with WKHS. Since then WKHS has broken through the daily 20ema, there was a nice bounce today from $19 area but don't see any reason it can hold this level and not continue dropping to $15-$17 area. $15-$17 area is where our POC on volume profile is, if we can get $14, great value add for a swing trade to the long side, for now, short side might be more juicy. Will see how this one goes tomorrow. Will update with a new idea when WKHS approaches POC for a swing trade to the upside.
NASDAQ:WKHSShort
by s_m_s
1
Failed C&H Double BottomBad news sent this one way downdown ..and now there is resistance overhead..the lower highs could have been a signal for a rough time.. The cup and handle pattern was trying to form and now it is under the handle low and mid cup as well so that pattern is invalidated.. Targets listed are only valid if C&H manages to reform and price hits long entry level.. 2 key support levels broken.. )o: Guess computer trading kicked in on the news and massive sell Just watching
NASDAQ:WKHS
by lauralea
6