IvanLabrie

$WKHS: interesting juncture

Long
IvanLabrie Updated   
NASDAQ:WKHS   Workhorse Group, Inc.
I will list a series of facts, which make me think we can gamble a small amount of money on a long shot trade entry in $WKHS:
  • The new climate spending bill includes items that could benefit EV names, and there could be renewed interest in names that could end up landing the deal with the United States Postal Service to provide them with vans. www.bloomberg.com/ne...limate-spending-deal
  • cathiesark.com/arkq-holdings-of-wkhs Cathie Woods sold. Bullish.
  • Long term mode retested, after the prior long term bullish trend signal peaked at the target as per my forecast published here ages ago, it has come all the way down and it's basing, could be a bottom in the making, as we had 13 months elapse since the expiration of the last monthly trend, which was at the end of June, weekly trend turned up since and monthly put on a strong candle, with a range expansion move signaling strength.
I'm long, small 1% position as a 'long shot' trade. Potential reward to risk is interesting, but worst I can lose is 1% if it goes to $0. (that's what I call a 'long shot')
Let's see how it goes, my other positions here are $TSLA, $F and a small bet in $RIVN as well.

Cheers,

Ivan Labrie.
Trade closed manually:
I took profits: Might revisit on retrace.
Comment:
Trade active:
Reinvested proceeds into OTM calls long term, risk free gamble.
Trade closed manually:

And banked OTM calls, total gain was 45% on the position since I bot shares, pretty much.
Trade active:
Bot back my position here:

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