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Workhorse

Workhorse - finished accumulation, is the stock headed to 30$ ?Workhorse is one of our favorite EV stocks, one of the reasons for that is because it's been around for a while (started in 2007) and they are not just dealing with EV and EV batteries but also with Drone technology. Drone technology is expected to grow its use widely in the USA and following the announcement of the FAA that drones need to remotely identify themselves while in flight 2 weeks ago, made us the investors understand drones are getting into the mainstream technology space. It's worth mentioning here that Boeing (BA) got several contracts from the US Army to build advanced drones with minimum human supervision and a high level of AI and automation that will make drones the perfect tool for espionage and other covert missions. One last thing to mention on WKHS is their big contracts for delivery trucks with united states post office service (USPS) which we were a bit hesitant about till a few weeks ago when they announced it is going as planned. Let’s talk about the important part – Technical: So, this is pretty easy to understand – WKHS has been trading sideways from the beginning of December from 20$ to 23$. The stock broke resistance level on Jan 5th and the 23$ line is now our new support level, although it needs to be tested again. After the rally stock went down back to the 23$ line and now we are facing two possibilities : 1. Stock breaks through 27$ line and starts accumulating there and then touch 30$ 2. Stock drops to the 20$ line and from there we will see a sideways trend for several weeks to months. If we see the second option happening this will be a great time to do more ‘dollar cost averaging’ and buy the stock at a low price. We do not have a doubt that WKHS is crossing the 50$ line before the end of 2021 – I believe way before… One main thing we need to watch is the volume of the stock: avg volume last 3 months is: 14.7M avg volume last 1 month is: 17.5M avg volume last week is: 9M We can see a decrease in volume meaning a lower sentiment (“Buzz”) around the stock. But I will use a quote here directly from InsiderMonkey: “WKHS has seen an increase in hedge fund interest lately. Workhorse Group, Inc. (NASDAQ: WKHS) was in 13 hedge funds’ portfolios at the end of the third quarter of 2020. The all-time high for this statistic is 10. This means the bullish number of hedge fund positions in this stock currently sits at its all-time high.” This is big news for the stock and it means we are looking at an accumulation stage before a mark-up phase which will cause the stock to rally up again!!! We are long on the stock and we will keep buying more in our portfolio. Trade safe and be safe!! FDGT Academy.
NASDAQ:WKHSLong
by FDGT_academy
2
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.
NASDAQ:WKHSLong
by BuySellMarketMaker
Tesla Vs the strongest EV stocks - Who is ahead and by how much!in this chart we just wanted to simply compare between the electric vehicles leading stocks and see what conclusions we can draw. We can see NIO ripping up the chart with 600+% and showing that government funding backed with actual product delivery increase is a winning combination. Workhorse which signed a EV delivery truck deal of 8.1 billion with USPS has been delayed last week due to elections, took a big slump after a major peak last month and now at 470%. The beloved Tesla with only 186% after reports of china competition in the EV market will not be in favor of the American company and the earning which Elon called "best ever" didn’t help - Tesla is losing momentum every day from its peaks since the EV competition is getting tighter and more crowded. NKLA EV trucks are holding by a thread with the GM Motors deal that may not come through after all and in that case they are expected to crash and burn below the 18 line of support (see full cover in my previous idea on NKLA). last we have the somewhat unknown XPEV (Xmotors) also Chinese EV stock that is starting to get some market buzz lately and may seem to fight back real soon after the Aug IPO and traded at 20$. THE BOTTOM LINE is that all eyes are on elections and if Biden may win then EV stocks are expected to jump much higher as Biden represents green energy endorsement -the hottest stocks at the moment in the market are EV, solar and green energy in general and that’s where we the traders should be focusing on. sorry about the lack of technical but in our eyes, you must first cover the fundamental in order to time perfectly your entry with technical. Trade safe!
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NASDAQ:TSLALong
by FDGT_academy
16
DPHC (RIDE) Stuck in a Consolidation???Risk-heavy margin traders(margin to beat settlement at the very least) will enter at the first cross of the 10 & 20 EMAs, and in this case, be rewarded. Traders looking for confirmation will wait for the price to retest the cloud/gap between the EMAs before considering an entry, and in this case, miss some intra-week gains. Overall, the drawn-out/predicted consolidation should be taken with a grain of salt, as far as general timing and the number of bounces is considered. However, the resistance and support lines are more likely to be respected. Either way you slice it, when RIDE emerges we will likely look back and see a break to the upside on this chart.
DLong
by rolledchange
$DPHC $RIDE Consolidation until merger news $WKHSOn days like today, you have to zoom out and take in the bigger picture. As long as the support levels continue to hold, and PA follow the yellow algo trend line, this is still a bullish chart. If they break down, so be it move on to next SPAC, but it’s hard to stay bear when you know there is fundamental news coming, and the existing fundamentals support a higher price. Looks like there could be nice confluence between our next break out point, and the merger.
D
by TheGreatBatsby