More work to do for this horse Workhorse Group
Short Term
We look to Sell at 3.19 (stop at 3.42)
A shooting star has been posted as prices reject the higher levels. Previous resistance located at 3.14. The medium term bias remains bearish. Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff.
Our profit targets will be 2.67 and 2.45
Resistance: 3.20 / 5.30 / 7.50
Support: 2.65 / 2.20 / 2.00
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Workhorsegroupinc
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)
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$WKHS Workhorse Group INC (2nd Draw)YTD 4h chart
MA length set to 20, offset 0
MAC-D
Stoch RSI
Still learning but I think I see the pattern and chart channel in a sense.
I'm thinking between now and election day and somewhat before that, Halloween, this stock is going to do its thing...
$30 mark is where I'd love to see this stock...
NASDAQ:WKHS
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