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WKHS trade ideas
WKHS - DIP BUY THE MORNING PANICWKHS - This looks to be the best setup with a nice support set at 3.41 and nice post market action would be looking a morning panic near support and wait for volume and tide change for entry looking for a nice 8-10% Bounce.
Ascending Triangle Breakout Coming!After calling the Cup and Handle breakout back in June - - and riding it up to the target, we are now finding a bullish ascending triangle forming which should bring us to our next price target of $5.60-$6.04 depending on the actual height of the triangle.
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$WKHS update and price target$WKHS broke out of pullback on good volume. Stock closed at the highest point in two years. This pullback just made this formation much stronger and solid. Price target still the same but I believe it will go much higher. This is very short term target. Do your own DD.
WKHS Ascending Triangle Confirmed, Swing Trade I've been watching the ascending triangle formation and entered a position on the initial fake out then was stopped out. I rentered upon the second real
confirmation and took profits around $4, but am now in a new position entered into the bull flag with a stop loss of 3.56 and a price target of 5.24
I thought I had published this idea earlier, but it appears to be private.
$WKHS update and my tradesBearish harami formed after strong rally. Decided to sell my position and look for another entry. Bullish outlook is absolutely unharmed, tree will be shaken and I hope to buy back at lower price. Market in general in selling mode and it will affect most of the stocks, no worries $WKHS will do great.
$WKHS strong run and short term targetPrice broke above 24 month high, on huge volume. Took some profit to have funds to buy on pullbacks if we have some. Based on today's action, we may see much higher prices then $5.72 short term. Momo type play is possible this week. Thousands of people just getting notice of $WKHS.
Taking 11 cent loss, Too manipulated, and too many lemmings whoCan't read a balance sheet. Never short against royalty and a sitting president
WKHS confirmed breakout out of ascending trianle pattern. Few things you need to look for a perfect play in this pattern:
1. Ascending triangle are the most reliable in an uptrend, ideally when its formed after golden cross of 50 and 200 SMA.
2. Must have higher lows with increased short selling activity near horizontal upper line.
3. If you have breakout and on top of that you have new 52 weeks height, you have a confirmed winner. It will be happening for many days in the row :).
4. Be aware that price may go much higher if all of this things are in place. Usually traders take profit on pattern's height but it is not the limit, just short term target.
5. Calmly react on short whining that will be all over the social media. But this is important confirmation that you are in the right place going long here. Some people just never learn, they will keep on shorting the stock where lows are higher and higher and pay no attention to that. Denial... Then on the breakout many shorts will add more to their position and often they go all in. Be happy about that, those are your buyers at your target level. There is nothing new you can learn from a second kick from the horse. I am sure Workhorse will punish some losers many times because they never learn.
Good luck on your investment. If you made money after reading this, please thank me by liking this post. That will encourage me to post many more of my picks. Thank you
9 Million Warrants Priced At 1.62. Short, Medium size, Entry 3/4The Stated Value of the Preferred Shares is $20.00 per unit, and the annual interest payment, which is to be paid out in quarterly installments, is 8%".
That translates into $2,000,000 worth of shares per year. In regards to the warrants, if we multiply 7.41 by 1 250 000, we get 9,262,500 common shares, and it says that the warrants are exercisible ***immediately @ $1.62 per share***
During the 60 days prior to May 31, 2019, and from the Event Date to the date hereof, Arosa Capital, on behalf of Arosa Opportunistic Fund, sold 178,333 shares of Common Stock, as follows:
Date Quantity Price Type of Transaction
May 2, 2019 159,955 $0.9074 Open Market Sale
May 3, 2019 18,378 $0.9165 Open Market Sale
Says a lot about how much confidence they had in the valuation at that time, and this was before Trump pumped it on twitter.
On May 31, 2019, the Company entered into a Subscription Agreement with Arosa Opportunistic Fund, in which Arosa Opportunistic Fund purchased (i) 305,000 shares of Series B Preferred Stock, with a stated value of $20.00 per share (the “Stated Value”) and a par value of $0.001 per share (the “Preferred Stock”), and (ii) warrants to purchase up to 2,260,050 shares of Common Stock at an exercise price of $1.62 per share (the “2019 Warrants” and together with the 2018 Warrants, the “Warrants”), subject to the Exercise Limitation. The Preferred Stock is not convertible and does not hold voting rights. The Preferred Stock is entitled to annual dividends at a rate equal to 8.0% simple interest per annum on the Stated Value. Accrued dividends are payable quarterly in shares of Common Stock based on a share price of $1.62.
1 250 000/305 000= 4.09(2,260,050) = The amount of warrants the preferred share holders are entitled to receive as part of the preferred share units
There is also warrants exercisible at $1.25
We should assume that the rest of the warrants went to Marathon
This chart pattern, and the way to price closed today, is almost a sure fire indication that they are unloading some of those warrants. Cheers, and happy trading everyone.
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Unnatural price movements are correctionsWent up to fast, needs to get corrected; im thinking that it will go towards 2.15; at which point the chart will start to look more normal; beyond that, it will continue upwards;
Workhorse Bulls Losing Steam - Return to range highs (Long Op)Pay close attention the next few weeks. I think we're seeing a transition from bear to bull, but the long doesn't have to be forced.
There looks to be plenty of trapped buyers from the descending triangle area that are selling off near their break-even. Also note the near 100% buy volume area just to make it to this level (smart money pushing price up in an instant), and then the waning buy volume at each successive peak (this is retail bulls losing steam). The instant push up creates a FOMO situation, new buyers are flooding in after Trump's tweet too, and the smart money who purchased in the range lows are dumping their holdings for a cool 200% profit.
I expect price to fall at least to the old range highs (blue box), this is where liquidity lies, there will likely be people who shorted here that will gladly sell you their position. Buy there, and you'll be in a great position to sell at these local highs again, or hold for continuation of the developing trend. (or both if you like to cut some after being in the money)
Good day!
$WKHS MORE GAINS TO BE HAD AFTER PUMP ON POTUS TWEETMR TRUMP turned this stock into a spin yesterday as it gained 300% on his tweet announcing that GM will be selling their Lordstown Plant to electric truck company Workhouse Group. Keep it on the watch for announcements and confirmations of contracts etc.
Company Description
Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter.
Reversal in actionWKHS has been on a multi-day decline and broke below the bottom trend line. On 3/22 it saw it's first green day with a nice bullish candle potentially signaling a reversal coming. Today (3/22) opened above yesterday's close and ended the day strong at 2.83 with a 2.87 HOD. Next week it needs to break 2.85 and close green to confirm a reversal where the next resistance could be 3.00. If the price does continue up, it needs to hold above the trend line to remain bullish. MACD is also curling up and RSI is heading back into the bullish zone. The purple rectangles are just visual representations of what could happen.
Recommendation: Swing/Hold
