Workhorse Group, Inc

On the above bi-weekly chart price action has corrected 97% since the sell signal printed in late 2020. A number of reasons now exist to have a long position, including:

1) You know why..

2) Price action and RSI resistance breakouts.

3) Multiple oscillators print positive divergence with price action.

4) No stock splits.

5) Some other things, will say elsewhere.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: investment
Risk: <=6% of portfolio
Timeframe:1-2 months, no rush.
Return: no idea
Stop loss: will say elsewhere

Trade active

Comment:

Support confirmed. And my my, what a confirmation.

Comment:

GRM support confirmed

Trade active

Comment:

on support

Comment:

still on support

Trade closed: stop reached

Comment:

Until the weekly chart confirms the support, the stop is triggered.

Comment:

Earnings are up...