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  • Writer's pictureTLivingstonBlog

WKHS Setting Up Well

Workhorse Group, $WKHS, is setting up for a potential move higher. After blasting off from $5 to $20 rather quickly, it has been consolidating extremely well the past two months. There are a few things that I really like about this chart. First, after a strong move higher, it has continued to hold above its 10-week moving average, indicating investors are coming in to buy it off this key area of support. In addition, after breaking out last month, it pulled back but found support at the prior breakout level. In some ways, it reminds me of $NIO, $EXPI, and $FSLY which have all been huge winners this year. We'll see if it can begin another move higher in the coming weeks.

Full Disclosure: I currently own WKHS, NIO, EXPI, and FSLY.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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