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...
NASDAQ:WKHS
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As you can see in the chart I've outlined a rising megaphone wedge. Wave 5 could produce gains of about 2500%
That would be huge. History says it's not to far fetched either. What's your thoughts please leave a like and comment below. Thanks!
I have the weekly drawn as a triangle, but it seems closer to a double bottom reversal with bullish divergence playing out. The monthly looms excellent assuming we can close the month above where we are here.
If not, i feel we will fall further.
Looking at the daily timeframe ,
as you can see , we see a price is on the strong demand area , price tried to break below few times but failed to do so ,
so now we are just waiting the buyer to enter the market to push the price higher ,
price needs to break above $8 then we can expect a short squeeze coming in to play ,
now will be a great buy opportunity but...
WKHS has a float short of 37%
With financials (assets/income) rising, and debt to asset falling, it is in perfect position for a short squeeze. As of today, it is down 63% YTD, and should easily be a double digit stock.
WKHS is also beginning to break month long downtrends that form a falling wedge, which could trigger the squeeze. The 1 Week chart looks...
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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.
