WKHS trade ideas
WKHS 15.10.20 LongAsset and Time frame - WKHS,1H/4H WKHS
Entry Price -21.97
Exit(Stop Loss) -20.78
Exit(Take Profit) -25.91
Technical Analysis - Price broke a confirmed trend line, but daily chart and RSI is still bullish, price reached a significant support line and on his way to the -27.2 Fibonacci level(4H), on the daily chart theres a 50DMA and the 61.8 Fibonacci level for support..
personally I would wait for a solid bullish candle to close, then enter the trade from the -27.2 level or the blue support line.
Good Luck!
$WKHS Workhorse Group INCI played this way back at $7 and today Its looking like its going to do what I think its going to do.... 50 50 when it comes to things so, i gotta be prepared. Kinda in the red right now but my avrg is looking really good. I hope it doesnt go under 22.50
I'm loading up. I'll wait. Election day and all this other stuff is coming. By Nov, I see this stock probably at 28 easily!
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#WKHS
#WorkhorseGroupINC
$WKHS Breakout on 3x Avg Volume - Bullish Options Activity$WKHS Breakout on 3x Avg Volume Today
Bullish Options Activity
$6.5M in $45.00 strike (deep OTM) April'21 calls traded today (5x OI) - just to get to $45 we would have to see a ~70% move from today's closing price.
Near term target: $36-$39 range by mid-November
Note: This is NOT investment advice.
WKHS Long Set UpAs you must have noticed most of our previous posts have done well. DDOG, FSLY, DKNG, DHR, and many others. WKHS is now setting up for a move. One can take a long position with half qty and go in full after retest. As we all know about Workhorse deal with USPS that is in the pipeline. This may be a good long set up for the 5th wave. This posts are educational purposes. Do not buy or sell any assets reading these posts. Please do your own homework before making any transactions.
WKHS break out on good volume. Can test ATHWKHS broke out of its pull back on Friday. The pull back was a good retest of the previous highs set in July. Now WKHS seems ready to test ATH. Volume has generally been higher on green days which is bullish. Stop loss can be 22.50 or under 23.50 depending on risk tolerance. A morning dip would be an ideal entry tomorrow morning. I'd avoid buying right at the open if it gaps up.