WKHS has been sideways or down since the bullrun in late February. Another EV small cap
is nearing bankruptcy unless it finds a suitor ( FSR trying to attract Nissan) WKHS has a niche
with its delivery trucks ( like for Amazon Prime and USPS). Is the concept to production
hangups and slow downs going to cause its demise? Trader confidence is lacking or...
Analyzing the options chain and the chart patterns of WKHS Workhorse Group prior to the earnings report this week,
I would consider purchasing the 0.50usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Potential...
WKHS is a mong the weakest of the EV stocks. On the 15 minute chart it has been trending
down in a descending channel. There has been substantial volume on the bearish only volume
profile albeit at higher prices. A small spike of selling volume while price is near to the upper
( resistance) trend line of the channel tells me that WKHS may move lower. Most...
Workhorse could start working again as the 50 minute chart is showing a suggestion of a reversal
after a long trend down. Price has passed over the longest moving average which is a SMA20.
The EMA cloud ( 100, 200, 300) is starting to turn up and price has crossed over it. All in all,
there are some golden crosses here. Blue buying volume spikes are seen...
Can't stop seeing this megaphone pattern, at the lows mid 2024 may be worth throwing some money at it and see if it at all plays out. RIG had a similar megpahone pattern and it played out pretty nicely. LEt's see in a a few months?
WKHS has formed a Falling Wedge with Bullish Divergence on the Daily as it has come down into the December 2018 Low. It has also Bullishly Engulfed the previous Daily Candles and has exhausted the Options Chain. At this point in time I'd expect WKHS to make its way back above 50 cents and perhaps run up to around $1 or perhaps a bit higher which would be best...
It's going to be an interesting start of the year. WKHS has resolved their HVIP issues according to their latest earnings. 93M marketcap for something that will do 10-15M in revenue in 2023. With the HVIP issues resolved, this should pick up in 2024. 80% cost to borrow rate currently and 0 short shares available. An excellent squeeze candidate. I have a position...
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...
This company is working with UPS and building drones. Along with building there own delivery truck.
Lesson to learn:
Stock in bearish environment = will fall on good earnings.
Stock in bullish environment = will pop on bad earnings.
Look at the horizontal line, its a take profit zone...
IWM = bullish... this stock will moon tomato tamato
Workhorse Group chart has printed a Cup & Handle pattern which is a Bullish sign.
Smash that Rocket Boost Button if you like my Chart Study.
Many Thanks
Graham.
WKHS at the neckline of small cup and handle ready to potentially break up on H4. Higher time frame confluence of a macro double bottom (2018/19 - red line) before it went on it's most recent crazy run up and back down to these pre covid levels.
Expecting a similar outcome so targets (Purple lines)
T1 - 60
T2 - 70
Multiple drives of RSI divergence on the H4...
Workhorse Group is printing a Potential Inverse Head & Shoulder Pattern.
>$1.2 is a critical key level to break for a possible 20% gain.
Lets give this down trodden Ticker some hope for recovery.
Regards
Graham Hitchcox
Looks like the price is retesting the channel support from 2014 before moving up. There is great confluence from 2019 when the price had its spring retest. SNAB RSI is showing bullish divergence on the daily chart and EMA is trading above the RSI.
This is one people have loved to short. There are probably a lot of sell orders that get filled quickly and then are...
Hello Traders! Today, let's dive into Workhorse Group Inc. (WKHS). With a recent spike in volume and several bullish indicators aligning, WKHS seems to be attracting attention. Let's take a closer look at the technical analysis and key signals driving this potential trade.
📈 Price Action and Volume:
WKHS is currently trading at $1.05, displaying an intriguing...
WKHS, in a move similar to others in the same sector on a 15-minute chart shows that price
has moved above and outside the Bolliger Bands about a basis line which inflected from down
to up in the afternoon of the prior session. The MACD lines crossed underneath the histogram
midday and have moved up impending a cross of the horizontal zero line all on a...
