WKHS
BUY $WKHS - PT1 27.78, PT2 30 SL 20.3 - #fintwitRationale:
- Green energy stocks will have upward pressure given the current political and economic climate.
- Options flow is highly bullish
- 23 has been acting as a key level ever since the gap down in December
- Price is currently sitting on a large volume shelf anchored to September, a large amount of demand historically in this region
- Price recently broke 23 and is retesting that level
- Bullish pennant triangle formation can be drawn
- Recent drawdown is in line with the market
- First profit target is at the next known volume shelf, runners to PT2
WKHS is that an Opportunity zone to buy I'm actually new in trading filed, i learded trading from different sources, colleges, online courses and experiences in forex market (and yes that was a fault for a beginner) , now i'm more interested in stocks and learning step by step, I'm basically like technical analysis and want to share my though with trading community
$WKHSWKHS looking like a nice long after a nice trend change that i am hoping to happen a higher degree wave 2 looks to be finished with a daily low being set starting off for a possible wave 3 incoming if not a longer correction of ABCDE can also be formed but either way its looking amazing for the long term. Volume average is picking up it did reject so i will wait for a 4hr daily low to be set before getting any stock or options on it.
Will the current trend continue or pullback!How to use the DMI indicator to determine if the current trend will continue or pullback!
The Directional Movement Index (DMI) indicator is used to determine the direction and strength of the trend. The average directional index (ADX) indicator determines whether the strength of the current price trend is strong or not. The lines are calculated based on the moving average of the price range. The default setting is 14 bars. The indicator consists of the two-directional movement indicator (DMI) lines and the ADX line. The three lines are the +DM, -DM, and ADX line. ADX line is a measurement line, +DM represents the uptrend direction, and -DM represents the downtrend direction.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted and prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation.
WKHS Workhorse Big Electric Truck Order | BullishPride Group Enterprises, which operates 17 retail and rental truck locations in the U.S. and Canada, ordered 6,320 vans for delivery between this July and 2026.
Cincinnati-based Workhorse expects to build 1,800 vans this year.
Workhorse plans to begin fulfilling a pending order from United Parcel Service (NYSE: UPS) for 950 C-Series vans this year. It had a total backlog of about 1,100 vans at the end of the third quarter of 2020, not counting a 500-truck order from commercial vehicle distributor Pritchard Cos. (source: benzinga.com)
Please leave me a message if you want to test the buy and sell indicators that i am using.
1/4 WATCHLIST + MARKET OUTLOOK** THIS IS PURELY OUR OPINION AND WE ARE NOT LIABLE FOR YOUR TRADING DECISIONS **
Happy New Year! Looking forward to the first trading session of 2021. Let's get to it!
If you've been following our analyses on TradingView, you'll know that we have been very bullish in the short-term, and that we believe we are about to experience (or in the midst of experiencing) the last phase of any bull cycle - a blow-off top . You can see in the image above that we've had this strong support line (red) since the coronavirus low. On Thursday, we closed above the major resistance (green trendline - which has actually now turned into support). This is a very bullish signal. As long as the red support line holds, we will maintain a bullish bias.
However, the market doesn't care about our opinion and will do what it wants. So we will trade the price action we see!
WATCHLIST
Note that these levels are for intraday options/equity trades. These are not swing levels.
MU calls over 75.70
TIGR calls over 8.5
SHOP puts under 1128
SQ puts under 214.25
COST calls over 377.45
PYPL calls over 235
ROKU puts under 330.75
TSLA calls over 720
WKHS puts under 19.7
ZM puts under 336
Lastly, we opened a position in GLD on Thursday - we will likely add to the position tomorrow with a break of 179.
Have a great week of trading!
12/23 PRE-MARKET WATCHLIST** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS **
Futures and pre-market showed a little bit a strength as we're opening a bit higher, but we're still underneath the major support (now resistance) red trendline. Volume will be low today due to shortened trading day and holidays, but let's see if we can at least close above the red trendline today.
Again, careful trading today due to decreased volume!!
WATCHLIST 12/23
Recall that my trading style is short scalps and intraday options.
ZM calls over 409.65
BABA puts under 252.4
BLNK calls over 49
PENN calls over 96.65
PYPL calls over 246.1
SQ calls over 247.1
MRNA puts under 117.5
NVDA calls over 531.8
WKHS calls over 23.75
TWLO calls over 374.7
NFLX calls over 527.6
Happy holidays all!
12/23 WATCHLIST + MARKET OUTLOOK (Warning!)** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS **
Very interesting day today where even though we GOT the stimulus bill, the market did not seem satisfied. We remained under the major support (now resistance) trendline in red, which has served as support since the coronavirus low. There are 2 reasons this may have happened: (1)There is a big possibility that the market had fully priced in a large stimulus package, and is now asking "ok, what else can you feed me?" OR (2) Investors are scared of the covid mutation making its way through Europe.
Regardless of the reason, it is a particularly dangerous time for this to be happening because if you look at the put-to-call-equity ratio, it dropped to pretty much all time lows as soon as the stimulus bill was announced. This means that market participants are overleveraged on calls and expecting the market to continue going up (being greedy). While this is not a sell signal by itself, if the market starts to correct, we could see a big long squeeze as investors panic and offload their long positions. I would save the PCCE graph to your watchlist and check it frequently. It is essentially the chart that tells you when to be greedy vs. fearful according to the old adage: "When others are fearful, be greedy. When others are greedy, be fearful." A normal PCCE level is roughly indicated by the 2 white lines I've drawn on the graph.
My bias going into tomorrow is neutral. However, the market doesn't care about my opinion and will do what it wants, and I will trade what it gives me!
The watchlist from yesterday went absolutely nuts. Highly suggest finding your favorite setups and focusing on those. Don't worry about missing a play! There are opportunities every single day.
WATCHLIST 12/23
Recall that my trading style is short scalps and intraday options. These are not swing levels.
ZM calls over 409.1
BABA puts under 255.4
BLNK calls over 49
PENN calls over 96.65
PYPL calls over 244
SQ calls over 243.4
MRNA puts under 123
NVDA calls over 531.8
WKHS calls over 23.45
TWLO calls over 374.7
NFLX calls over 527.6