WKHS trade ideas
WKHS October 2020Entry over $28.5 (last high). PT $33.5, $36, $39. Long is $39, before retracement to $31.
WKHSnice follow through today and closing out strong today. Now above 20 MA, if it holds through close, next up are 28 and 31
Good entry point. With everything going with that article about accusing youtube investors of pumping this stock i think its a great entry point. Having done my research on the USPS contract i do believe WKHS has a great chance of winning that bid. With that said im long bullish on this stock.
WKHSForming nice setup, Need to break above 20 MA which is acting as resistance. 21.2 should act as support
pretty good dip buyid wait for confirmation over 25 (sl under bottom trendline) and then add some weekly calls or shares. looks bullish for the longterm :) gl <3 leave a like
Might have one more leg higherSetting up a nice triangle, already back tested wedge it broke out from, next move should be 40
$WKHS Workhorse Chart Analysis
The previous trade setup worked out quite well for us so now lets revisit.
stock is on consolidation within a pennant formation,
Alert is set for a touch on the 20ma and trendline.
Possible ABCDE to be completed, so may need 1 more dip to complete pattern.
For entry we await that trend break and reclaim of the 20ma momentum indicator.
RSI also has had a bullish reversal off mid channel support.
$WKHS - Long set upLong above down trendline break.
Pulled back with markets but major reason is resistance at $27.
WKHS update... Good Sign of reversal hereBroke out that falling wedge and holding above that down trendline, bounce perfect off that .618 yellow zone making its way back up to 28.32
WKHS Falling Wedge WKHS waiting to break out from this falling wedge! Expecting a drop to my .618 and bounce up. If we break under 23.40 we could hit my support zone at 22.69 . Looking to see a move back up to $27 if price can hold above 23.40.
$WKHS HoldHey there. I believe we're working on sub-wave C of this holding pattern. Will need to complete horizontal pattern before we hit wave 5. Don't let the bears scare you. Would love to hear opinions to the contrary.
$WKHS 0.5 retracement$WKHS bounced off the 0.5 retracement. Let's see if it will pull back to the 0.618
WKHS Red Again?WKHS working its back back down to that support trend line. Good short to my .618 retrace at 22-23 area and with USPS catalyst we could see a bounce from that to 30$
My plan
SHORT PT 22 by EOW
then scale in for long with usps catalyst coming soon
LONG PT 33 by 2021
WKHS - Long - 9/30/2020NASDAQ:WKHS
Possible End of Wave 2 correction (in a larger wave 5), suggesting the start of a trendy Wave 3
- The corrective wave A happened in a 5-wave move (orange) which suggests that the correction will take the form of a zig-zag pattern
-- This means that the current downtrend is part of a 3-wave move with the wave patterns of 5-3-5
--- We can expect a short uptrend after this to not rise below the previous high of $28.62, followed by a larger 5-wave downtrend that should end below the initial wave A
Anchored VWAP (White) set to last low (9/24) and the low before that (9/4)
- Price tested the line once, but bounced right off and is well above it now, indicating good market sentiment.
Wedge Pattern (Solid Green)
- Formed using previous high and low, suggests price consolidation
Declining Volume (Dotted Green)
- Peaked in 9/18, decreasing steadily since but price has maintained acceptable levels.
- Implies a bullish consolidation
Stoch RSI (Pink)
- Bullish hidden divergence suggests a continuation of an uptrend
BUY PLAN
- If goes above $26.37, PT - $27.25
- Then Short
- Catch Bottom then buy when has sufficiently retraced for trendy wave 3 (in a wave 5)
STOPLOSS - $23.59 which is the 0.618 fib retracement level of previous uptrend
Trading sideways. Entry point,Seems like wkhs is trading sideways for now. Great entry point with USPS catalyst.
WKHS new support??Added to my position in WKHS on the dip. I'm hoping it's formed a new support at 22. Long hold.
