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.
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