WKHS - If USPS Deal is on then $200+ with Parabolic moveWKHS is in Base1 of Parabolic move. It could go $200+ at the end of parabolic curve if the USPS deal is on.
Below is the parabolic pattern example: www.newtraderu.com
WKHS trade ideas
Wall Street’s Favorite Electric-Vehicle Stockhas a new Buy rating from Oppenheimer analyst Colin Rusch. He calls the company a leader in last-mile delivery solutions and established a new $23 price target for shares, up about 25% from recent levels.
Workhorse’s vehicles serve a market estimated at around $18 billion and has consumers who are unwilling to compromise on service.
The analyst believes the company is in a strong position to win the U.S. Postal Service contract for upgrading its delivery fleet of 165,000 vehicles, valued at $6.3 billion.
“Workhorse’s HorseFly drone is the only Unmanned Aerial Systems (UAS) that can be launched remotely from a last-mile delivery vehicle,” Rusch wrote in the note, adding that this advantage is protected by patents and can potentially lower last-mile delivery costs.
Workhorse inked an intellectual property licensing agreement with EV startup Lordstown Motors. As Workhorse scales manufacturing, it could leverage Lordstown’s capacity to reduce capital needs, he noted.
www.barrons.com
finance.yahoo.com
WKHS - Long to target $21WKHS into the uptrend, target $21 on the way.
Maybe pull back to $19, reinforce the bull strength.
Disclaimer!
WKHS - USPS Deal $218 & No Deal $4There is a possibility of USPS contract to $WKHS in the last week of Sept or 1st week of Oct (due to market correction). If it does, going to hit $218-$220 (Based on fib levels).
In case there is no USPS deal then it's going to pull down to $4.
$WKHS Long Swing Trade Idea$WKHS looks to have completed it's first wave following a break of a Wave 4 triangle pattern. It appears to currently be in a Wave 2 retracement.
I am looking for a bounce off the 0.618 Fibonacci level to complete the retracement. Price action under $14.55 invalidates this count. I will wait for price action to trade up and look to enter long as it approaches $17.50.
This trade has the potential to produce a 100% return on investment!
Please let my know your thoughts and hit the like button....
$WKHS Workhorse Breakout Targets
Potential channel breakout with a move above $21.00
Upside target $24.00 - $27.00
WKHS continuation after breakout of pennantAfter a strong move today we should see continuation to fib levels above. A pullback after open would allow an opportunity to size up positions with stop loss at the fib below. Fib levels above as targets.
Bullish pennant formationThe trend-based fib extension of 100% takes us past $30 as our target. Upcoming near-term catalysts. Long.
$WKHS Workhorse Breaking Resistance
Potential Long setting up on a close above the Fibonacci .65 level,
which has proved to be strong resistance in the past.
Close above $20.00 sets up a move back to $23.00
WKHS breakout - looks bullish with flag pattern and good volumeHave published the chart earlier for potential breakout - looks a good buy now T1 22$
Risk it for the biscuitMy dudes!
The chart speaks for itself, trade it carefully.
Hope you make some tendies.
If you like this idea, please check my profile.
WKHS high potential returnBoth Supports are very close to a breakout only making it stronger. I believe that this can go upwards of 10%. Monday will most likely tell where.
WKHSApproaching MA50, maybe good buy opportunity as it approches the MA and we might target $20 retest and more.
WKHS trend The trend in orange was taken from a similar fractal from the Crypto bubble (see AE/BTC) in 2018.
This stock has traded virtually identically and has been forming a top for awhile now. Just waiting on conformation of the reversal as the price action hits 15.50.
Once 15$ is hit it should confirm the reversal in the downtrend and a short bid will be entered until we return to normal levels for this stock over the next year.
$WKHS Workhouse Group Upside Targets
Nice break from pennant and horizontal resistance -
Next major target is the Fibonacci Golden pocket at $19.50.
4 Candle resistance $20.35
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