(repost because automod … probably)
(tldr at the end)
first of all:
- this is not a "bring the hedges down all GME" Post.
- Its just about making some quick bucks in a short amount of time.
Okay let's go.
First of all as you probably know $WKHS is one (if not the) most shorted stock on Wall Street. Tbh I dont care about that much, but its surely a good thing to know.
WKHS (Workhorse ( https://workhorse.com/ )) is a delivery tech company.
They manufacture the cars and drones for delivery companys.
Their fleet only contains 100% electric cars with moderate range and deluvery drones.
Workhorse is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector
they have 200mil in cash so they have some money left to invest.
Sales for the first quarter of 2021 were recorded at approximately $521,000 compared to approximately $84,000 in the first quarter of 2020 (an incerase of 620% within a year)
As you can see there was a sharp selloff after they didnt get a contract with USPS.
The good thing we see here is that we are in the old channel between ~15$ and ~30$ + the selloff happend so rapidly that from 15 to 30$ there is not mayor resistance except ~18$.
+ Heavy support on 15$ since last year
so what that means is that on a way of a nearly 100% increase the is only one mayor resistance.
We are probably right in the beginning of a 100% increase in the next coming weeks.
We are literally at the biggest support line of this stock right now in this moment.
Because this stock is extreme volatile I will go with stocks only this time. average buy is at ~16$ (bought 500 at 17$ and 500 near 15$)
will hold 50% of my stocks until we reach 30$, after that I see what happens next (probably ist goes even further or I sell if it goes down to 25$).
- highly shortet stock with good money managment and a good looking future
- a possible increase of 100% in the next 2-5 weeks.
- literally at the bottom
buy now, price target is 30$
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