WKHS trade ideas
Finishing up corrective waveLooking like a textbook 3 wave, currently finishing up a bullish corrective wave. Bullish catalysts still in play cusping us into another 3 wave.
I would be careful here :s ... its starting to look like a pump and dump... if it breaks support it time to buy some puts! back to single digits ? leave a like! <3
WKHS Reversal PlayQuick play to start off the weekend
This is an attempt to catch the bottom on the WKHS dip. Recently it has been selling off from the delayed deal with USPS causing a large sell off starting from the 13th. It has been following a bear channel since, marked by the purple trend lines.
Market volatility makes this play very risky but there's always a fine print between risk and reward.
Optimal Entry
Bull Entries:
1. Watch for a bounce at the major support level 14.5 (cyan line). If this level holds I will be going long on it.
2. Break out from the bear channel. If it breaks out, resistances are at 17.4 and 18.15
PT1 18.15
PT2 19.15
SL Cyan line
Bear Entry:
Support loss from the bear channel or a break of the key level (cyan). If support fails to hold possible gap down to 12.2 and 9.9.
PTs Orange levels
SL bullish break of cyan level
No recommended contracts this time because markets are volatile and contracts will change. Go no more than 11/20 unless supports hold very well. Keep SLs tight, if you are unsure, cash is king
WKHS next week experiencing serious volumeAs many of you know, WKHS is in limbo with USPS, on a potential 6-billion dollar deal. This deal is supposedly to be executed at years end. However, In the meantime of the election it seems to be "in the hands" of the outcome.
A support is drawn on a 1 day chart, this support is near current price. A potential vast increase/decrease is bound to move the price in the right direction by midweek.
WKHS will rise soonWKHS has good short-term prospects, it is at its lowest point and could rise above 60% in just over a month.
It delivers results on November 9 before the market opens.
Profits / Losses are estimated at -0.1. Sometimes a penny makes a difference and the stock jumps up.
In addition, Workhorse (WKHS) has something to say about Lordstown Motors (RIDE), which has just released a deal that raised more than $ 600 million and in which Workhorse has a 10% stake.
WKHS Long IdeaWKHS is bound to reverse anytime soon. The USPS Contract was delayed till the end of the 2020 which we're practically in. Speculations should start back up soon pushing the stock back up.
FallingWith recent market conditions we seem to be falling. Will think about adding more as i do see this company getting a piece of the USPS contract.
Not a financial advisor.
$WKHS - stay neutral... for now.👋🏾
With the FANG stocks fully in pullback mode, I'm expecting the broader market to follow Apple, Google, Facebook, and Tesla lead and correct new huge move up from the March low. I will slowly start getting back in between the $13 and $10
Is the correction finished in workhorse?There is a good chance that WKHS’s correction has finished because an ABC pattern has completed 2 days ago and we can see 2 higher lows!
This analysis is valid until WKHS does not cross down 18.81!!!
$WKHS Workhorse Group INC (2nd Draw)YTD 4h chart
MA length set to 20, offset 0
MAC-D
Stoch RSI
Still learning but I think I see the pattern and chart channel in a sense.
I'm thinking between now and election day and somewhat before that, Halloween, this stock is going to do its thing...
$30 mark is where I'd love to see this stock...
NASDAQ:WKHS
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$WKHS Workhorse Group INCSorry, the video I had before was a bit more lay back and I deleted it but then I realize the price started pushing up, so literally you see my stuff is raw as I go. Still learning but I had taken a look back at what's going on for today with all the bleeding which is happening and I hope it doesn't continue.
NASDAQ:WKHS
#InvestSmart
#TradeSafe
#Workhorse
Broke the support line on the Flag. It seems like wkhs is on a downtrend now. Broke out of the Bullish flag. Still confident that wkhs will turn it around. Still long and bullish and will add on this dip.
WKHS - Bearish Flag - Similar to last week Setup - Target $20WKHS forming bearish flag which is similar to last week setup which dropped -25%. However need confirmation, on case it confirmed then first target $20 before pullback.
Steady climb Just watching this stock for a while and here is y idea of how it might grow in coming weeks. Very good company, looks bullish in long term to me. Thanks
$WKHS - reversal?going lower or higher?
Do i abandon my put with a loss now or wait another day or so?
3 days to expiration
Bullish flag is playing out. Good news on WKHS.They received a voucher eligibility by New York. They received one last week by California. 2 big markets and will see it reflect on the chart soon.
