WKHS has been sideways or down since the bullrun in late February. Another EV small cap is nearing bankruptcy unless it finds a suitor ( FSR trying to attract Nissan) WKHS has a niche with its delivery trucks ( like for Amazon Prime and USPS). Is the concept to production hangups and slow downs going to cause its demise? Trader confidence is lacking or...
FFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward. A massive volume inflow peaked the price action in keeping with Wychoff's...
GOEV (Canoo) on a 240- minute chart shows an early reversal from a three wee trend down. The chop zone indicator shows the signa over the choppiness in the past few trading sessions. Prc rose from the support of the first lower anchored VWAP line I will take a long trade here targeting the recent pivots as shown on the chart with a stop loss set at the low...
GOEV was in the $ 4.50 to $5.50 range 1-2 months ago and on the 60 minute chart appears to be in a round bottom or doble bottom reversal concurrently with TSLA continuing to fall on the expectation of an earnings miss. GOEV's last earnings was a beat. It burned about half the cash that the analysts forecasted. The relative trend index indicator suggests a...
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...
NKLA had news this week with the litigation over the Badger brand. The news is over and the real trend is hydrogen stations in California and perhaps Western Canada impacting the buildout of infrastructure with the help of Biden administration handouts. NKLA has corrected and fallen into the support of the Fib retracement. Zig and zag I look to enter a long...
WKHS is a mong the weakest of the EV stocks. On the 15 minute chart it has been trending down in a descending channel. There has been substantial volume on the bearish only volume profile albeit at higher prices. A small spike of selling volume while price is near to the upper ( resistance) trend line of the channel tells me that WKHS may move lower. Most...
The daily chart of short interest for WKHS rose 6X beginning a week ago. The level is 13X what it was in November. Coupled with the price action of today it is entirely plausible that shorts are liquidating quickly given today's 25% breakout. Buyng to cover getting synergized with new buyers could cause a trendline slope to escalate substantially morphing...
FSR on the one hour chart fell from a triple top in mid July into the lower range of the volume profile's high volume area then bounced higher in a series of higher highs but then rolled over and fell again/ It has consolidated sideways about that POC line and now is above it. The indicators including Directional Index Zero Lag MACD and dual time frame RSI...
NKLA on the 2H chart appears in a cup and handle pattern with the full pattern including the bullish continuation now printed. The pattern predicts $ 2.00 of upside . While the fundamentals of a change of CEO may be concerning, the the creativity of finding cash during a slow cash burn without diluting current shareholders. Perhaps he will have two classes...
Looks like the price is retesting the channel support from 2014 before moving up. There is great confluence from 2019 when the price had its spring retest. SNAB RSI is showing bullish divergence on the daily chart and EMA is trading above the RSI. This is one people have loved to short. There are probably a lot of sell orders that get filled quickly and then are...
NKLA has had an interesting week as it sought to have shareholders vote for a dilution to raise the cash necessary to grow its business. The former CEO now convicted and awaiting sentencing as a major shareholder led the opposition and the vote for a dilution failed. Seemingly, NKLA will now seek capital through some other means. Earlier, it was awarded a...
WKHS, in a move similar to others in the same sector on a 15-minute chart shows that price has moved above and outside the Bolliger Bands about a basis line which inflected from down to up in the afternoon of the prior session. The MACD lines crossed underneath the histogram midday and have moved up impending a cross of the horizontal zero line all on a...
WKHS is in similar circumstances as NKLA in the potential for a delisting due to low share price. NKLA has been cleared and is a bit above $1.00 ( see my bullish bias idea) Here WKHS is below $1.00 but is apparently reversing. On the 30 minute chart, price is rising and is above various VWAPs anchored to the left at various points. The last trading day...
PSNY has been relatively stagnate for a while.... which is good after an emotional dump into a new low. It means its accumulating. This company is undevalued compared to the other electric car companies out there. I wouldn't expect this stock to move a lot up front. However its cheap to do a leap on this til jan 24 and let it do its own thing. Out of all of...
We can see the price action of this chart for WKHS After the correction we can see the Harmonic Bat pattern, the price stock going for long trend in the next days. The first target at 0.38 Fibonacci in this area between 0.38 & 0.5 Fibonacci I think it's aggregation zoon for the next momentum to the next target.
You can distinguish a bubble, participate in it take your profit out, and leave the tears to others! Don't you believe it? Check my previous posts on Workhorse NASDAQ:WKHS : Oct 23, 2020: Is the correction finished in workhorse? Jan 6 40 -42 would be the new target! Feb 11 What are my reasons to sell workhorse: 1-multiple attempts but could not close above...
WKHS is at the PCZ of a Bullish Gartley on the Daily timeframe. It's also at the PCZ of a much greater Potential Bullish 5-0 and Reciprocal AB=CD all while Bullishly Crossing Over on the MACD. If things go as one would expect a 5-0 to go we will see WKHS try to target the $42 Area in an effort to atleast make a 100% Retrace.