WKHS a risky penny EV Stock
Updated
Workhorse could start working again as the 50 minute chart is showing a suggestion of a reversal
after a long trend down. Price has passed over the longest moving average which is a SMA20.
The EMA cloud ( 100, 200, 300) is starting to turn up and price has crossed over it. All in all,
there are some golden crosses here. Blue buying volume spikes are seen on the relative
volume indicator and they are about six times the running mean. In a bit of divergence the
price volume trend has oscillated up. Overall, this is a penny stock with a price under $ 1.00
It appears to be starting a trend up. I will zoom into a lower time frame and find a optimal
entry. I amy get call options as well. The risk in the trade should be limited by a stop loss
wide enough to allow for a true range or even twice that. My target is about 1.15 the price level
at the time of the last good earnings report. This is about 300% upside. It will probably never
get there but hay you never know. Stranger things have happened.
after a long trend down. Price has passed over the longest moving average which is a SMA20.
The EMA cloud ( 100, 200, 300) is starting to turn up and price has crossed over it. All in all,
there are some golden crosses here. Blue buying volume spikes are seen on the relative
volume indicator and they are about six times the running mean. In a bit of divergence the
price volume trend has oscillated up. Overall, this is a penny stock with a price under $ 1.00
It appears to be starting a trend up. I will zoom into a lower time frame and find a optimal
entry. I amy get call options as well. The risk in the trade should be limited by a stop loss
wide enough to allow for a true range or even twice that. My target is about 1.15 the price level
at the time of the last good earnings report. This is about 300% upside. It will probably never
get there but hay you never know. Stranger things have happened.
Trade active
WKHS rode up a bit today. Share price up 8% calls a lot more. Stop loss now 2% abovestop even on shares and 15% above breakeven on calls. No risk in this trade. That's the way I like it. 3 weeks until earnings. Looking for more before then.
Note
Daily Chart zoomed. Looking for a few more sprints on the ride to get a short squeeze underway.Trade active
SEE ALSO FFIE a fellow penny EV Stock making an upside move
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WKHS is looking good to start out the week Trade active
WKHS had a hard push in sustained momentum - now do for consolidation for traders to digest the move and find consensus as to continuation or reversal. Added
to the position. No unrealized profits were taken. A huge day while TSLA faded again. Stronger than the general market. Looking for more.
Note
Height of squeeze histograms is rising. No short volume up 5X on 2/14 see the link here-This smells like a short squeeze in formation. Buckle up as it could be a helluva ride.
Trade active
WKHS fell to the support trendline at 0.33 so shares added close to the mean anchored VWAP.Note
Note
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