What is going on with WKHS?Are we at the end of wave 2 or wave b? it is possible that it is trying to close the gap ups shown here.
WKHS trade ideas
Workhorse Back On Its Way Up?Looks like a channel is forming, volume is looking okay too. Hopefully, channel doesn't break.
Can this keep up until close?
Feedback is always welcome, especially if I'm wrong
Thanks
$WKHS Workhorse Reversal targets
Potential day trade targets as bullish momentum
continues. $27-$28 offers some resistance in teh short
term. This is a stock that may very well make some major moves
in the days and weeks to come.
WKHS trend channels, supports & resistancesWKHS may have finished it’s huge weekly 30% correction today. It’s 1 hr MACD just crossed over for the first time in 4 days (@ 11:30am 9/24). It’s a bullish signal, but pay attention tomorrow if it crosses back over to bearish, then this afternoon was just a rest from dropping from a high of $31.35 (@ 8:30am 9/21) to a low of $20.36 (@9:41am 9/24). Another recent bearish reversal signal was WKHS bounced off the bottom of it’s August 17th to present date lower trend line this morning. And lastly, it broke out of it’s 4 day upper trend line (@12:01pm 9/24 $23.05).
* pay close attention to future movements and good luck trading friends *
21 day EMA line tested and beatenPossible bullish indication for the weekend/Monday open. 21 day EMA line was quickly tested and maintained yesterday. Prior to this the stock was oversold and there was also an external, industry shake-up factor ($TSLA, looking at you). The correction isn't over but shows strength in beating this on a Friday. Always keeping an eye out for Lordstown Motors, SHLL to IPO and become RIDE, and USPS contract.
Workhorse outbreak pullbackNASDAQ:WKHS showed an outbreak pull back setup. It is likely that it will go near or over the previous outbreak level (+ 25 %). A Stop order could be placed below the support (21 $). This is a very speculative idea, i will always protect my money with a cautious risk management.
outbreak pullback setup - done
outbreak level is the new support
ADX is strong, +DI is still positive
RSI is oversold - a strong move can be expected
WKHS Potental More Downside? Schiff Pitchfork Correlation?I will be watching WorkHorse For an Entry in the near future. I believe there is a strong correlation to how the stock is behaving and respecting the Fractal Candles with the Schiff Pitchfork. I believe there is some more downside to this stock, overall in bullish contex. I would like to see a retest of the 50MA and showing signs of support. If this happens, I will be taking a long position if and when it arrives.
$WKHS Workhorse is not a NKLA disaster, LONG SETUP
WKHS may offer a reversal opportunity in the days to come
having found support on a significant pivot point.
First major resistance will be the 20MA & the $23.85 region.
$25.00 is a significant psychological level.
WKHS - Next week is Do or Die - Deal $200+ & No Deal $14WKHS stock has completed 5 Impulse Waves to upside, now in Wave ABC correction where currently in Wave B.
If there is no deal by end of the month then it'll dump hard to $14 as first target. In case there is a deal then it'll start a new impulse wave up to $200+ after Wave C correction.
Even indicators are showing downside. So, make sure to keep stop loses in case you are bullish and don't get burn with Greedy.
Good buying point. with markets overall down this is a good buying opportunity for WKHS. All depends on how the markets do.
WKHS Long for 09/24 based on fib retracement (new here)Looks like on a 4 hour timeframe, should see NASDAQ:WKHS retrace back to 0.5. Next support is at 25.33
WKHS,enters a monthly bullish trend.Expect Uptrend continuationWorkhorse Group Inc (WKHS, $30.27) is predicted by Tickeron A.I.dvisor to grow by 4% to $31.48 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 88%. Current price $27.51 is above $18.20 the highest resistance line found by Tickeron A.I. Throughout the month of 08/19/20 - 09/21/20, the price experienced a +84% Uptrend. During the week of 09/14/20 - 09/21/20, the stock enjoyed a +16% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for WKHS just turned positive on August 31, 2020. Looking at past instances where WKHS's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 33 of 41 cases over the following month. The odds of a continued upward trend are 80%.
Following a +14.09% 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in 243 of 281 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 165 of 209 cases where WKHS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 79%.
Workhose breaking through ATH.Entry: 23.2
Stop loss : 20.9 (-10%)
Great volume profile with higher volume on green days and lower volume on red days.
2-3 shakeouts during the basing period.
Showed high relative strength during early September correction
Bullish MACD
Could see a buying point. Being a new trader here i see this perhaps consolidating before it makes new higher highs. Everybody on youtube is saying that workhorse will win the usps contract. If it does this stock will go up parabolic. ARK invest still keeps buying shares. MACD still in bullish green and rsi is just overbought.
WorkHorse Daily ChartLooking for 34-35 Before Retracements
~Look for more buy entries
~Look for stalling around 34-35
~No previous data so patience is key. (evidence makes money) (Don't guess)
