WKHS: Interesting monthly signal and solid fundamentals
Updated
I am interested in 
WKHS here, been eyeing it for ages since timwest brought it up long ago. There's now an active long term uptrend at play here, which may result in a very profitable trading enviroment, if it pans out. You could milk this trend and the key levels in the stock with various methods, using TM and Key Hidden Levels techniques.
Keep an eye on this one, lately
TSLA and 
NKLA have caught everyone's attention, it will certainly drive interest towards WKHS going forward. They have 
GM backing them, and some deals with USPS and UPS up their sleeves. Small company, but certainly interesting.
If the market peaked, we might see it slide back down to support, so keep in mind this bearish scenario. I doubt it will go much lower than that if it does drop.
Cheers,
Ivan Labrie.
WKHS here, been eyeing it for ages since timwest brought it up long ago. There's now an active long term uptrend at play here, which may result in a very profitable trading enviroment, if it pans out. You could milk this trend and the key levels in the stock with various methods, using TM and Key Hidden Levels techniques. Keep an eye on this one, lately
TSLA and NKLA have caught everyone's attention, it will certainly drive interest towards WKHS going forward. They have GM backing them, and some deals with USPS and UPS up their sleeves. Small company, but certainly interesting.If the market peaked, we might see it slide back down to support, so keep in mind this bearish scenario. I doubt it will go much lower than that if it does drop.
Cheers,
Ivan Labrie.
Comment
So far, so good.Comment
We will get a nice gap up today. News came out after hours yesterday, a new order of 1200 trucks for Lordstown, who have a licensing agreement with #WKHS. It was upgraded by analysts as well. Monthly signal is valid, so it warrants patience.Comment
I am still in this position, looks constructive so far, but you might want to figure out a strategy to contain downside risk. My clients and me took a particular one, but I won't detail it here.Trade closed manually
Consider taking profits or shorting calls here...
Comment
There might be chance to reenter later on, keep an eye on this one.Trade active
I'm exposed via some put shorts at a lower price where I'd like to get filled if price drops. Else I get a 67% annualized premium for selling puts.Trade active
Bought back some shares here.Comment
Looks like a potential bottom for WKHS.
Comment
Sideways under accumulation, looks ready to move further.
Comment
Weekly trend active, next target is $36 ish.
Comment
Comment
Comment
Finally ready to move... Trade active
Comment
The last bottom picking attempt failed and costed me a bit, but still not the end of the world. Watching this stock closely now, the monthly down trends in place expire in the next few days, January can be a big month for Workhorse if it goes well.Comment
I'll make a new publication once a daily timeframe buy signal comes, next one might be a great entry to capture a big relief rally. (I suppose it could happen in most
ARKK names)
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.