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WORKHORSE GROUP INCWORKHORSE GROUP INCWORKHORSE GROUP INC

WORKHORSE GROUP INC

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WKHS trade ideas

WKHS Long (trade in play)A strong breakout has finally happened. A pattern something like this will be ideal. I've been watching WKHS since $13 and the company might finally be turning some profits soon. Some reasons for a rally. 1.) They received an order for 6300 vehicles. (January 4th 2021 -> minify.link) 2.) Big EV names (NIO, TSLA, PLUG etc.) have made insane moves while WKHS has been standing. 3.) Earnings is coming up (March , and with the big orders there might be a big run up with expectations of positive earnings. 4.) The open short float on January 26, 2021 was 30.99%. That is massive and if price action starts to pan out there might be a short squeeze (kind of like a sympathy play for GME, just on a way smaller scale). I am just a small retail trader, but the idea is for the EV and Short squeeze hype to transfer to WKHS. I am willing to risk some good money on this trade, and I am not responsible for anyone elses trades. Please criticize this play! Pick it apart, I wanna know why you think it's bad! We can all learn.
NASDAQ:WKHSLong
by tradir
3
WKHS, BIG MOVE COMING!Hello fellow traders and investors, here's another trade idea. WKHS has recently pulled back to the common support area and has since been consolidating, if WKHS makes a recovery to the take profit zone it offers around an 85 to 115% ROI. Technicals: The Macd indicates that it's oversold and in an uptrend The EMA's are in a downtrend The RSI is oversold When To Buy: If you are more conservative, wait for the EMA's to crossover however if you want to be more aggressive then take a position right now and slowly add to your position size when it indicates a reversal. When To Sell: I recommend selling at the take profit area Fundamentals: Workhorse is a technology company, which engages in the provision of sustainable solutions to the commercial transportation sector. It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The firm also creates all-electric delivery trucks and drone systems. They have a P/S of 1293 which is absurd however its valuation was based on their potential future since they have a sales growth Q/Q of 24,826% and an earnings per share growth of 42713% Q/Q, an ROI of -11%, a debt/equity of 0.50 and a very high short float of 27%. Rating: 70/100 the technicals are good, the fundamentals are decent so I think the risk/reward is definitely present however make sure to watch your position size. NOTE: I most likely won't be buying WKHS however if it meets your criteria then add it to your watchlist. I think WKHS will go to 18.50 then pullback and eventually make its way to 28.50 I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks
NASDAQ:WKHSLong
by UnknownUnicorn11084119
7
$WKHS EV Vehicles and Drones Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. It offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
NASDAQ:WKHSLong
by UnknownUnicorn19246015
WKHS Swing-Trade IdeaWKHS (Workhorse Group, Inc.) is a swing-trade idea that presents the following (Bullish) conditions: 1.) The 5-day moving average is about to cross the 21-day moving average price. When short period moving averages cross above long period moving averages, it tends to indicate an upward price movement. 2.) The monthly "Moving Average Convergence/Divergence" (MACD) histogram (indicator at bottom) is ending a down wave and beginning a new up wave. 3.) The concentration of volume (Blue/Yellow bars on left) indicates that the majority of investors currently own stock at the $16.20 price level (Point of Control), this level drops by approximately half as the price moves up towards the $17.92 (Yearly) Fibonacci support/resistance level. The volume of of share holders above $17.92 decreases until about $19.57 (Less resistance). Then resistance increases until $21.37, followed by another decrease in resistance until the price hits the next fibonacci support/resistance level at $22.71. This is followed by decreasing concentrations of volume as the price moves up. For movement up beyond this point the following will be critical. 4.) Workhorse was the 2nd place bidder on A major contract to update the postal delivery vehicle fleet for the United States Postal Service (USPS). Workhorse is offering a 100% electric vehicle fleet. The 1st place bidder OSK (Oshkosh, Corporation.) was awarded the contract by the outgoing Trump appointed head of the USPS. Oshkosh is only offering 10% of the fleet as electric vehicles and 90% internal combustion engine. The House of Congress and the Biden Administration may rescind the awarded contract to OSK to meet the requirements of an Executive order that President Biden signed on 25/Jan/2021. If Workhorse is granted the contract, look for a move up from the $22.71 to $27.49 fibonacci support/resistance levels. Just my opinion, not advice. Thank you.
NASDAQ:WKHSLong
by khollspati
Nice Short Pattern, Conditions Also Very Bad Risk is a black swan political event (which isn't really a black swan with this stock due its long history of sudden news releases that send the share price flying). It's also never a good idea to short in a bull market. 21% of outstanding USD was printed in 2020, and that was as of November, according to Katusa Research. "21% of US Dollars were printed in 2020 (so far), or $4.5 Trillion. This is more than the amount of money created in the previous 5 years, yet only 5% of it is new cash in circulation." Plus it's EV... It's a great pattern. The conditions also seem perfect, but still, a unique risk of a sudden spike exists..
NASDAQ:WKHS
by stocktradez6
WKHS$WKHS- ARK is buying this dip because WKHS will likely contest the USPS contract decision, but also because it is solid company that is way oversold. I see this creeping back up in the upcoming weeks. Per ARK e-mail this past weekend: “ Workhorse (WKHS), a technology company that designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States, traded down 47% on Tuesday and then up 24% on Thursday. The sharp decline was in response to its loss of the U.S. Postal Service's (USPS) next generation delivery vehicle contract to Oshkosh. WKHS then appreciated on news that a Democrat in the House of Representatives is attempting to overrule the contract award to Oshkosh. ARK finds it odd that the USPS is not committing to a fully electric platform which, according to our research, will dominate truck production and sales in the next ten years. ”
NASDAQ:WKHSLong
by BullishBear08
3