WKHS trade ideas
Is WKHS going to plummet? (I'm new)Hey guys,
So I'm pretty new to trading and have only had success trading by looking at real world events (company news etc.) never really relied on patterns
My question is... Is WKHS going to drop over the weekend by breaking out of an ascending wedge (is there even one? idk) or will it consolidate or maybe even rise (if it wins its bid with the USPS)
Again, I'm new and really don't know anything
Feedback would really be appreciated :)
New higher highs. Breaking out.everyday it seems like wkhs makes newer highs. tempted to sell but will not until we know about the usps contract. been in since 10 dollars. Yahoo reported unusual activity in its options.
$WKHS TO THE MOONHigher highs every single day and HUGE catalysts on the horizon. Perform your own due diligence.
WKHS: possible 30?If this can hold over the ~~22.75-23.00 zone, it could make another run to 30:
* This chart looks like a massive bull flag on weekly.
* very high short interest
* NKLA/GM deal spurring additional possible interest from other manufacturers?
* MACD turning upwards
* fleeing TSLA money could be looking for other electric vehicle companies?
Expect workhorse to hit 30 dollars. breaking out from bullish flag pattern and if it gets even 10 percent of the usps contract expect it to hit 50.
WKHS a quarterly gainer,rising +492%.Expect Uptrend continuationWorkhorse Group (WKHS, $22.39) was one of top quarterly gainers, jumping +492.33% to $22.39 per share. Tickeron A.I.dvisor analyzed 31 stocks in the Auto Parts: OEM Industry over the last three months, and discovered that 21 of them (68.18%) charted an Uptrend while 10 of them (31.82%) trended down. Tickeron A.I.dvisor found 400 similar cases when WKHS's price jumped over 15% within three months. In 202 out of those 400 cases, WKHS's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for WKHS are 51%.
Current price $23.69 is above $17.39 the highest resistance line found by Tickeron A.I. Throughout the month of 08/10/20 - 09/10/20, the price experienced a +55% Uptrend. During the week of 09/02/20 - 09/10/20, the stock enjoyed a +34% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for WKHS just turned positive on August 31, 2020. Looking at past instances where WKHS's MACD turned positive, the stock continued to rise in 36 of 41 cases over the following month. The odds of a continued upward trend are 88%.
Following a +19.84% 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, Tickeron AI shows that in 240 of 278 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
WKHS Retrace or break out casesWorkhorse has been getting a lot of attention lately and is one that has captured my eye for a little while now. We're at a point where I think we see either a breakout or some support tests, on the smaller time frames I'm watching this H&S pattern develop. If we break down from here there's several levels of support we can test before continuation, otherwise if we break above this neck line i believe we re-test $25 but target $27+.
$WKHS Workhorse Monday Trade Setup Potential long on break above daily resistance @ $24.00
Fibonacci confluence at $27.00
RSI has room to run.
Care needed as popular among day traders.
Cup and HandleThis is looking good/No rising wedges believe it or not!
HL= Handle low
I noticed this a while back, but kinda brushed it off as a penny stock...oh well..wish I had bought it then!
Looks a bit arcish leading up to the cup and possibly a microscopic gap at 10.94ish and 6.4ish
Monthly and weekly candles are strong. NV is weak/they(those that are not us..lol) bought it back at 15ish/look at the volume there and the NV is high there as well When this happens, they do not step up to the plate until it is threatened. Just what I have noticed
1st level of S at 22ish but true support will be if large players get threatened at 15ish
Short interest is very low
Not a recommendation
Happy trading
WKHS - Target $32 by End of SeptWKHS is in Cup & Handle pattern targeting $32 by end of September.
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Good luck.
Workhorse Group INC $WKHS (Ideas)I really wish I was able to upload my videos from a week or 2 ago. It wasn't letting me upload and I had a feeling if I was able to drop the video, it would have been now my 2nd or 3rd video i'd be on today. WHATEVER!
Check my style out, hopefully you like it...
I ain't no financial advisor, just a young man learning as I go..
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WKHS Decision Making timeWKHS is one of my favorite EV companies. Currently holding 500 shares bought at 16.80
If it closes in the top wedge we will see a bullish move upward again. If it closes in the bottom wedge we will see WKHS test support around the 17-18$ levels again.
:)
$WKHS Workhorse to hit All Time High
WKHS joined the NKLA rally yesterday and now sits on the verge
off a ATH .
Potential long entry on a break above $23.00
Targets to consider-
$25.50 & $27.00 Fibonacci confluence levels
