Workhorse (WKHS) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
WKHSWorkhorse(WKHS) ZACKS·2024-08-26 22:55

The price trend for Workhorse Group (WKHS) has been bearish lately and the stock has lost 33.6% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street ana ...