WKHS, support and resistance levelsIt is keeping its support levels, but the current level is not a high volume one, so I may try to break 16.5-17 area with high volume node concentration. Ina red market or with no PR, it may retest the green support line and even break that to see 10 as the next support line. Not a good risk/reward at the moment imo.
WKHS trade ideas
WKHS Bearish atm. MACD, volume, price action, RSI and a fall under moving average all indicate a potential bearish time period.
I *may* consider put options for the weekly next week or for sometime this month if the prices are attractive.
I am anticipating a spread and potential consolidation at the 30ish mark
NOTES:
I never ever short the market.
This idea can be looked at as a point to wait for new lows, rather than actually shorting the position.
Once it stabilizes, I am still long on WKHS, just short in the interim.
Seems that people take the 'short' ideas really personally if you post a short side idea on a stock they have a long position in, lol.
Workhorse WKHS - Big Potential BTD Opportunity LONGWorkhorse is slowly retracing after printing its ATH back at the start of Feb 2021 for $42.93.
We are currently sitting at the midpoint of the ascending channel at around $34 .
Looking at the speed of the WKHS rise I would like to see a retrace back down to the box marked on the chart, with confluences at the 0.618 Fib , 200EMA and Volume profile and the bottom of the channel .
I have alerts set and will be prepared to be buying up this Stock which has a big future .
Please show your support with a FOLLOW or LIKE ...I Post Setups everyday and cover all markets ....Thanks for stopping by
Updated Target for WKHSTarget: 20-21
I published 9 analysis on workhorse so far,let’s review them once again
1st- September 8, 2020, Long: price 21.92( target price 36)
2nd- Oct 23, 2020, Long: price 20.30
3rd- Nov 9, 2020, Long: Price: 19.78
4th- Dec22, 2020, Long:price 23.22
5th- Jan 6,2021, Long: price 23.74 ( target price 40-42 short-mid term)
6th- Jan 15,2021, Long: price 23.47
7th- Jan 26, 2021, Long: price 28.55
My exit plan activated
8th- Jan 31,2021, Short: price 34.27
9th- Feb 11, 2021, Short: price 37.21
Please check the people comments below the last 2 posts, there are lots of lessons to learn.
As an analyst I believe I should try my best to give you a clear picture to help you decide better, my obligation is not too write in one direction, but to cover the both sides based on evidences!
The importance of exit strategy..,I published 9 analysis on workhorse so far,let’s review them once again
1st- September 8, 2020, Long: price 21.92( target price 36)
2nd- Oct 23, 2020, Long: price 20.30
3rd- Nov 9, 2020, Long: Price: 19.78
4th- Dec22, 2020, Long:price 23.22
5th- Jan 6,2021, Long: price 23.74 ( target price 40-42 short-mid term)
6th- Jan 15,2021, Long: price 23.47
7th- Jan 26, 2021, Long: price 28.55
My exit plan activated
8th- Jan 31,2021, Short: price 34.27
9th- Feb 11, 2021, Short: price 37.21
Please check the people comments below the last 2 posts, there are lots of lessons to learn.
As an analyst I believe I should try my best to give you a clear picture to help you decide better, my obligation is not too write in one direction, but to cover the both sides based on evidences!
At the end, workhorse experienced a fantastic +11500% gain rally in 2 years.But don’t forget in previous correction in the past 2 years, it showed it could easily go down 50-70%..!
At this point I believe my analysis of 70-110 target price has no chance to become a reality in near future!
Moshkelgosha
WKHS WORKHORSE
" Even if WKHS does not win the USPS contract, the company will still survive. This past January, WKHS executives revealed the company received an order for more than 6,000 electric delivery vans. The order is larger than the company’s expected orders for the entirety of the year ahead. The order was placed by Pride Group Enterprises, an auto wholesaler that operates in North America. WKHS employees are hard at work manufacturing the 6,000+ C-Series electric package-delivery vans. The only caveat to the deal is about 2,000 of the vehicles would be delivered in ’21 while the remainder is delivered through ’26...In short, it is clear that there will be significant and ongoing demand for WKHS “last mile” electric vehicles. Though these vehicles top out at 75 miles per hour, they will not spend the majority of their miles on highways. Rather, these electric vans will transport packages and other items from distribution centers to residences and businesses, most of which are located in the suburbs and cities." Patrick Ryan
POOR earnings last few quarters... Will the story outweigh the last few quarters.
YOY earnings +21.95%
Asset growth +329.53%
Institutions 249 32%
VCP 25W 60/19 3T (VOLITILITY CONTRACTION PATTERN
Pulling back on low volume (good sign)
21 DAY 32.68 50 DAY 29 CUT 10 DAY PB LOW VOL