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WKHS

WKHS will it rally 50% or fall below its ATL WKHS has been sideways or down since the bullrun in late February. Another EV small cap is nearing bankruptcy unless it finds a suitor ( FSR trying to attract Nissan) WKHS has a niche with its delivery trucks ( like for Amazon Prime and USPS). Is the concept to production hangups and slow downs going to cause its demise? Trader confidence is lacking or are traders simply waiting for the best possible price? Price is now about to match the all-imte lows of mid February. Will there be support or will it fall.? Dould WKHS dead cat bounce to rise to recent high pivots? This may be interesting and potentially profitable.
NASDAQ:WKHS
by AwesomeAvani
Is FFIE running to earnings early ? Maybe yes. LONGFFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward. A massive volume inflow peaked the price action in keeping with Wychoff's theory. 42 million shares traded yesterday morning. The EMA cloud settings are periods are 14/56/140 ( long story multiples of 7). The slow and fast RSI lines had a golden cross of fast over slow and both over the 50 are quite demonstrative of bullish momentum. ( settings 3 hrs and 1 week). I will play this long until earnings- adding 100 to 1000 shares per day at the low of the day on a 5-15 minute chart. I will also look at the options chain for March 15th. Given that WKHS did the same thing and reports the same time, something behind the stage curtains is underway. Penny stocks are always risky. My analysis has the risk diminished here.
NASDAQ:FFIELong
by AwesomeAvani
GOEV reverses LongGOEV (Canoo) on a 240- minute chart shows an early reversal from a three wee trend down. The chop zone indicator shows the signa over the choppiness in the past few trading sessions. Prc rose from the support of the first lower anchored VWAP line I will take a long trade here targeting the recent pivots as shown on the chart with a stop loss set at the low pivot immediately to the left of current price. This is a potential 50% profit trade if profits are realized in equal thirds at the targets and the stop loss is advanced in regular increments to protect again a momentum fade.
NASDAQ:GOEVLong
by AwesomeAvani
GOEV -Canoo reverses while TSLA slumps into earnings LONGGOEV was in the $ 4.50 to $5.50 range 1-2 months ago and on the 60 minute chart appears to be in a round bottom or doble bottom reversal concurrently with TSLA continuing to fall on the expectation of an earnings miss. GOEV's last earnings was a beat. It burned about half the cash that the analysts forecasted. The relative trend index indicator suggests a trend up is developing. A red flag is that volume is at or below the running mean. My plan is to watch GOEV for a rise in trading volumes before entertaining a long trade here. The Price Volume product Trend is helpful in that regard. While it currently has a positive slope it is minimal. I will watch for something a bit steeper. I am expecting the Price Momentum Oscillator will soon cross the horizontal zero and provide another entry signal.
NASDAQ:GOEVLong
by AwesomeAvani
1
WKHS a risky penny EV StockWorkhorse could start working again as the 50 minute chart is showing a suggestion of a reversal after a long trend down. Price has passed over the longest moving average which is a SMA20. The EMA cloud ( 100, 200, 300) is starting to turn up and price has crossed over it. All in all, there are some golden crosses here. Blue buying volume spikes are seen on the relative volume indicator and they are about six times the running mean. In a bit of divergence the price volume trend has oscillated up. Overall, this is a penny stock with a price under $ 1.00 It appears to be starting a trend up. I will zoom into a lower time frame and find a optimal entry. I amy get call options as well. The risk in the trade should be limited by a stop loss wide enough to allow for a true range or even twice that. My target is about 1.15 the price level at the time of the last good earnings report. This is about 300% upside. It will probably never get there but hay you never know. Stranger things have happened.
NASDAQ:WKHSLong
by AwesomeAvani
8
NKLA can move higher from a support level LONGNKLA had news this week with the litigation over the Badger brand. The news is over and the real trend is hydrogen stations in California and perhaps Western Canada impacting the buildout of infrastructure with the help of Biden administration handouts. NKLA has corrected and fallen into the support of the Fib retracement. Zig and zag I look to enter a long trade here and target the recent pivot high with an initial target of half way there as a retrace of a retrace. This would be about 1.02 but I will round it down to 0.99 to be below the psychological level. This is a risky penny stock trade. With FSR falling off the exchange, NKLA is getting some extra trader interest which may help carry it higher. This is a 30 minute chart and meant to be appropriate for intraday or short duration swing traders.
NASDAQ:NKLALong
by AwesomeAvani
WKHS is setting up for a short ( again) OR could it reverse ?WKHS is a mong the weakest of the EV stocks. On the 15 minute chart it has been trending down in a descending channel. There has been substantial volume on the bearish only volume profile albeit at higher prices. A small spike of selling volume while price is near to the upper ( resistance) trend line of the channel tells me that WKHS may move lower. Most of the time, it is difficult to short a penny stock below $1.00 depending on the broker. The selling volume tells me there are short trades underway. My idea however is to look for a reversal so long and watch for a short squeeze to add into the rising price with more position. Probably will not happen but it goes onto the watch list.
NASDAQ:WKHS
by AwesomeAvani
2
WKHS Short Interest Rose Dramatically a Week Ago LONGThe daily chart of short interest for WKHS rose 6X beginning a week ago. The level is 13X what it was in November. Coupled with the price action of today it is entirely plausible that shorts are liquidating quickly given today's 25% breakout. Buyng to cover getting synergized with new buyers could cause a trendline slope to escalate substantially morphing something more or less curvilinear into more of a parabolic fit to the " trajectory". So the questions are is this a short squeeze? How high of a price before the momentum slows or fails? Is it too late to get in? Are other penny stocks potentially behaving in a similar fashion right now? Is it even possible to short the shares of this penny stock or is it all put options covering 100 shares per each? This will be interesting for sure no matter how it plays out. I have doubled my position earlier today and it was not a small one. Once I see signs of consolidation, or some moving averages going flat towards a zero slope or a mass index indicator triggering. I will take a piece out for the realization of some profit and hold the rest for whatever the next more might be. I think the first sign that a squeeze is underway if for the tremendous short interest volume to waterfall off a cliff.
WLong
by AwesomeAvani
Can FSR move higher? LONGFSR on the one hour chart fell from a triple top in mid July into the lower range of the volume profile's high volume area then bounced higher in a series of higher highs but then rolled over and fell again/ It has consolidated sideways about that POC line and now is above it. The indicators including Directional Index Zero Lag MACD and dual time frame RSI all indicate a return to bullish momentum. I will take a long trade the horizontal levels on the chart served as tiered targets for a risk managed trade. I will take some call options contracts as well. I think FSR may follow the market leader in TSLA for a bit.
FLong
by AwesomeAvani
NKLA Cup and Handle Pullback for Long EntryNKLA on the 2H chart appears in a cup and handle pattern with the full pattern including the bullish continuation now printed. The pattern predicts $ 2.00 of upside . While the fundamentals of a change of CEO may be concerning, the the creativity of finding cash during a slow cash burn without diluting current shareholders. Perhaps he will have two classes of shares as a remedy. There are upsides to "fresh blood". NKLA has been on the rise for two months albeit with some volatility as seen in the price oscillation from the base of the cup. The uptrend is that of a parallel ascending channel. The rise of the amplitude on the AO indicator is reassuring and shows the bullish momentum has the strength of bull legs. I see the pullback in the last trading session as a buy entry. Let's go long! If you are interested in my suggestions of the stop loss and targets or an equivalent options trade, leave a comment. If you found this idea helpful, please like and subscribed.
NASDAQ:NKLALong
by AwesomeAvani
6
NKLA Long from bottom of channelNKLA has had an interesting week as it sought to have shareholders vote for a dilution to raise the cash necessary to grow its business. The former CEO now convicted and awaiting sentencing as a major shareholder led the opposition and the vote for a dilution failed. Seemingly, NKLA will now seek capital through some other means. Earlier, it was awarded a grant of $24M by California to build out hydrogen station infrastructure along the interstate highways. On the 15-minute chart, the price is currently at the bottom of a slowly rising channel coinciding with the bottom of the Donchian channel indicator and two standard deviations below the mean anchored VWAP. I see this as a good entry point for targeting first the middle of the channel and secondarily the top of the channel. I will find an exact entry on a short time frame likely 1 or 3 minutes and expect to realize a profit of 12-13% potentially intraday. Without regard to the fundamentals of NKLA's financial health, given the extreme volatility, I believe that NKLA can be successfully traded long if the trade is entered when it is oversold and undervalued.
NASDAQ:NKLALong
by AwesomeAvani
1
WKHS breaks out LongWKHS, in a move similar to others in the same sector on a 15-minute chart shows that price has moved above and outside the Bolliger Bands about a basis line which inflected from down to up in the afternoon of the prior session. The MACD lines crossed underneath the histogram midday and have moved up impending a cross of the horizontal zero line all on a zero-lag indicator. The RSI indicator with an overlaid Ichimoku cloud shows a move up from 35 to 60 in the afternoon of the prior session. In yet another bullish sign, price is about to cross over the mean anchored VWAP. In a rather lackluster week in the general market, WKHS seems to be setting up with other EV stocks toward a good performance for the week.
NASDAQ:WKHSLong
by AwesomeAvani
WKHS reverses in sync with NKLAWKHS is in similar circumstances as NKLA in the potential for a delisting due to low share price. NKLA has been cleared and is a bit above $1.00 ( see my bullish bias idea) Here WKHS is below $1.00 but is apparently reversing. On the 30 minute chart, price is rising and is above various VWAPs anchored to the left at various points. The last trading day saw a price rise of over 8% Relative volatility has changed from red to green and is above the running average. The zero-lag MACD shows parallel lines rising above the histogram. The three in one indicator shows that money flow, RSI movement and momentum are all bullish. I see the setup as sufficient for potential profit given the risk. I will take a long trade here selecting an exact entry on a lower time frame chart. The stop loss will be just below the VWAP lines at $0.8335. ( A rising tide lifts all boats? - FSR FCEL PLUG AND NKLA are rising . so are TSLA and Ford- I love the buoyancy !)
NASDAQ:WKHSLong
by AwesomeAvani
PSNY break out above the Ribbon (Setting up for Mark Up phase)PSNY has been relatively stagnate for a while.... which is good after an emotional dump into a new low. It means its accumulating. This company is undevalued compared to the other electric car companies out there. I wouldn't expect this stock to move a lot up front. However its cheap to do a leap on this til jan 24 and let it do its own thing. Out of all of the electric car stocks this one seems the healthiest financially and is actually delivering 100k of vehicles with goals to out do its self this year. The indicator is the ESVO it shows where price and volume are in sync and when price breaks out above them its a sign that its hit accumulation and preparing for a mark up phase. The push back down into the ribbon is the last step before it takes off... This should bounce off the ribbon when it comes down and continue to make for new highs until it runs out of steam. This could be days , weeks , months, or even years..... depending on what time frame its doing it in and what part of the bigger move its in. Look at ENPH when it was $50. by iCantw84it 05.02.23
NASDAQ:PSNYLong
by iCantw84it
2
Story of a Bubble created by ARK invest.You can distinguish a bubble, participate in it take your profit out, and leave the tears to others! Don't you believe it? Check my previous posts on Workhorse NASDAQ:WKHS : Oct 23, 2020: Is the correction finished in workhorse? Jan 6 40 -42 would be the new target! Feb 11 What are my reasons to sell workhorse: 1-multiple attempts but could not close above the channel. 2- lower high - Lower Low pattern in daily candle 3-workhorse experienced a 117% bullish rally in 2021, and usually, after a sharp rally, we will expect a correction. Workhorse experienced a 30-50% correction in the last 3 corrections it had! 4- I had a price target of 40-42 for workhorse when it was 22-23 Feb 23 Feb 24 soon will be below 5..! This art is named Bubbelogy..!
NASDAQ:WKHS
by Moshkelgosha
4
WKHS early breakout from Descending Triangle LONGNASDAQ:WKHS Here on the 15-minute chart, WKHS is seen in an early breakout from a descending triangle, Trendlines and relevant overhead resistances are shown. A long position is shown with a 40% upside and an inital stop loss of 8 % for a reward to risk of 5. The stop loss would be moved to breakeven upon 10% price rise. While this is a long stock trade setup, a call option trade could be made from the chart setup here.
NASDAQ:WKHSLong
by AwesomeAvani
RIDE is on the HIGH ROADNASDAQ:RIDE RIDE , an EV stock has a catalyst in the new federal legistlation. It has been rising in an ascending channel since early July when it reversed a downtrend with a double bottom Here on the 4H chart are supply demand zones, the volume indicator and an EMA ribbon surrounded by Bollinger Bands. Blue volume spikes with the recent excellent earnings report and then the federal legislation have given RIDE buoyancy. Presently, it is sitting in the lower portion of the ascending channel and the middle of wide Bollinger Bands. I see RIDE as an excellent swing trade setup with a stop loss under the support zone and a target above the resistance zone near to the high price on the chart set on earnings which also corresponds to a high volume node on the volume profile. at about the recent high set on
RLong
by AwesomeAvani
WKHS LONGWKHS on the 2H chart is showing an ascending megaphone pattern. Price is currently sitting on the ascending support line and above the POC of the volume profile. The MACD lines are underneath the histogram while the RSI is in the mid-range. I see this as a swing long setup targetting first the top of the volume profile and then the upper resistance trendline The upside is 30 and 50 % respectively making it a low risk when placing a stop loss at 3.22 the swing low from the beginning of the week. A xll option trade with a strike of $3.50 for September 16th is also considered.
NASDAQ:WKHSLong
by AwesomeAvani
IS RIDE heading up hill (LONG)RIDE has finished a downtrend the past ten trading days and now appears to a retracing that downtrend. The upside here is about 16% to the mid Fibonacci level. The MACD shows an early K / D line crossover as a lagging indicator. The RSI is in midrange being neither oversold or overbought. I see this as a setup to trade a swing long trade or a call option for a 4 week expiration at a price 5-10 % above the current market price. NASDAQ:RIDE
RLong
by AwesomeAvani