If we break above the red line, get ready for a third wave up.
WKHS forming bearish flag which is similar to last week setup which dropped -25%. However need confirmation, on case it confirmed then first target $20 before pullback.
Risk-heavy margin traders(margin to beat settlement at the very least) will enter at the first cross of the 10 & 20 EMAs, and in this case, be rewarded. Traders looking for confirmation will wait for the price to retest the cloud/gap between the EMAs before considering an entry, and in this case, miss some intra-week gains. Overall, the drawn-out/predicted...
DPHC (soon to be Lordstown) trades with $WKHS as they own 10% of the Company and they produce the Company's vans (same founder) and can be traded together. Oct. 22 Stockholders meeting to approve the merger with the SPAC is big a catalyst next week. Look for a breakout next week. However, I expect overall market sentiment to be volatile leading up to the election...
Great chart - freebie trade, this will work out awesomely.
I played this way back at $7 and today Its looking like its going to do what I think its going to do.... 50 50 when it comes to things so, i gotta be prepared. Kinda in the red right now but my avrg is looking really good. I hope it doesnt go under 22.50 I'm loading up. I'll wait. Election day and all this other stuff is coming. By Nov, I see this stock probably...
The more likely short-term scenario for Lordstown. More content coming to my youtube channel soon! RolledChange Trading
Needs to find support and stop following WKHS to keep an upward trend. Nothing but good news for this company.
$WKHS Breakout on 3x Avg Volume Today Bullish Options Activity $6.5M in $45.00 strike (deep OTM) April'21 calls traded today (5x OI) - just to get to $45 we would have to see a ~70% move from today's closing price. Near term target: $36-$39 range by mid-November Note: This is NOT investment advice.
Gapped at the open and now resisted at ATH. Will likely need high volume to push above that, will probably base here before next leg up
As you must have noticed most of our previous posts have done well. DDOG, FSLY, DKNG, DHR, and many others. WKHS is now setting up for a move. One can take a long position with half qty and go in full after retest. As we all know about Workhorse deal with USPS that is in the pipeline. This may be a good long set up for the 5th wave. This posts are educational...
WKHS broke out of its pull back on Friday. The pull back was a good retest of the previous highs set in July. Now WKHS seems ready to test ATH. Volume has generally been higher on green days which is bullish. Stop loss can be 22.50 or under 23.50 depending on risk tolerance. A morning dip would be an ideal entry tomorrow morning. I'd avoid buying right at the open...
nice follow through today and closing out strong today. Now above 20 MA, if it holds through close, next up are 28 and 31
Contraction of price and volume for a potential break out here.
WKHS looks to have broken out of a downtrend/flag, needs more volume to confirm.
Looking strong here, bouncing off the .5 fib retrace as well.