$WKHS and why it could be a Nobrainer

Hey guys,

(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.

Facts:

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

finacials:

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)

technicals:

24h CHART

https://preview.redd.it/60uxquh96h471.png?width=1760&format=png&auto=webp&s=b98b10bdd40b7bc3697c6cf97fef350f218f6ea4

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

4h CHART

https://preview.redd.it/no1cu2ua6h471.png?width=1757&format=png&auto=webp&s=b242da9eb3dc2bea4142b0fe605addb124fd7846

so what that means is that on a way of a nearly 100% increase the is only one mayor resistance.

3min CHART

https://preview.redd.it/4kxjcnrb6h471.png?width=1643&format=png&auto=webp&s=4201b72f10a9988de8c93c38c952a20cf5d60542

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.

Tactics:

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$, after that I see what happens next (probably ist goes even further or I sell if it goes down to 25$).

TL;DR

  • 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$

submitted by /u/Crylst
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