NASDAQ: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...
WKHS 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 ...
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...
NASDAQ:TSLA TSLA is now retesting a breakdown below an ascending channel I intend to short this with the bear ETF TSL for a 1.5X leverage that way I can buy several shares and tier out of the position sequentially on progress Once a downtrend becomes established a pull option for a few weeks expiration. ( always watching the TWTR saga and also any signs of...
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 ...
Workhorse Group Short Term We look to Sell at 3.19 (stop at 3.42) A shooting star has been posted as prices reject the higher levels. Previous resistance located at 3.14. The medium term bias remains bearish. Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff. Our profit targets will be 2.67 and 2.45...
In no way, shape or form am I an expert in charts but I like to look and learn from them. Based on trading since June-July 2020, following seems to be key resistance and support for our horse. $4.7 to $5.48 (currently we are in that trading zone) $6 to $7.25 is where we traded from late Sept till Nov 2021 From early April till May 2021 there is a narrower...
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron,...
cypher harmonic pattern: X=$61.5 AB=0.61 XA BC=1.41 AB 0.78 XA=$24.47 1.27 BC=$29.7 0.88 XA=$37.64 1.6 BC=$96.67 1.13 XA=$107.65 2 BC=$355 the 2nd wave has been considered cypher too: ab=0.61 xa bc=1.41 ab
I am interested in $WKHS here, been eyeing it for ages since @timwest brought it up long ago. There's now an active long term uptrend at play here, which may result in a very profitable trading enviroment, if it pans out. You could milk this trend and the key levels in the stock with various methods, using T@M and Key Hidden Levels techniques. Keep an eye on this...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Workhorse Group $WKHS is a soon to be tech giant that manufactures and sells...
Workhorse Group Inc. (WKHS) share float shorted: 36.60% Yesterday $35.8Mil buy order at $7.17 covered with puts at 5 i think. 5.7K puts. With this new EV frenzy, my price target for a potential short squeeze is the 12usd resistance. You can see on the chart other price targets from analysts. I look forward to read your opinion about it.
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Workhorse Group $WKHS is a soon to be tech giant that manufactures and sells...
This one has LOTS of work to do and MANY hurdles to get through... but if the $6 low holds, I see $69 first.
We entered long on $WKHS today... let's see how it pans out!
Very Bullish on $WKHS. Bat is the best performing harmonic pattern. This was a deep one but I believe we're now looking for a confirmation low before smart money pours in. PT for entry. I believe now would be fine but it may retest a new PCZ of $6.12 (.886)
In the short term, I expect a squeeze to the 11- 13 area and if it holds, a return to 20.00.
Jim Simons: we should try to trade patterns that happen on a non-random basis..! Now with higher confidence, we can say Wall Street bets are predictable..! NYSE:AMC with a 22 billion market cap gained more than 20% in a single day! Today's price*volume: 9.9billion second to BABA and 10% above Tesla..! Why this is important? because the last time this...