Update on workhorse chart ( short to midterm)
What are my reasons to sell workhorse:
1-multiple attempts but could not close above the channel.
2- lower high - Lower Low pattern in daily candle
3-workhorse experienced a 117% bullish rally in 2021, and usually after a sharp rally we will expect a correction . Workhorse experienced a 30-50% correction in the last 3 correction it had!
4- I had price target 40-42 for workhorse when it was 22-23
1-multiple attempts but could not close above the channel.
2- lower high - Lower Low pattern in daily candle
3-workhorse experienced a 117% bullish rally in 2021, and usually after a sharp rally we will expect a correction . Workhorse experienced a 30-50% correction in the last 3 correction it had!
4- I had price target 40-42 for workhorse when it was 22-23
Note
Always try to have neutral mindset regarding your investment..!Trade active
Only time will show the caliber of an analyst..!Trade closed: target reached
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Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.