MY view on WorkHorse . Trade for a month.

Jun 15, 2021

I'm starting my accumulation of WKHS .
This trade like any its tricky and can be very volatile. I selected areas on the chart that are important zones and can act as resistance and or support in the future .

Trade is based on short squeeze idea . This stock its currently under big short float above 40% .. last week was at 48% so some players are taking foot of the short gas .
Institutional holdings are 45.8 % so we can assume most of these shorts are institutional . I understand the approach they had with the play and for WKHS not getting a deal was the trigger on their play .

However we know that some players liking to play shorted stocks and we can see play on this soon , If this company see any positive news this will start moving fast and it will move faster if we are start getting some moves on it ,

This play its for a longer time frame maybe even month .
My first fill was 13.88 .

Let me know what you think ..

Cheers and see you next time .

Jun 23, 2021

Trade active

finance.yahoo.com/news/1-oshkosh-build-u-postal-143058788.html

If we see any dip on this I'm adding to my current position ,

This will start moving to the upside soon, Patience .... is the key with this one ,

Jun 29, 2021

Trade active

Added to my position this morning @ 16.65 . Holding everything ,

Jul 1, 2021

Trade closed manually

Cutting the trade loose . locking small profits .
15.65 .