Feb. 12 at 6:01 PM
$WKSP Could we see a MASSIVE reversal ?!? 🚨
Worksport is consolidating right near its 52-week lows, and this type of compression at extreme levels can often precede a meaningful reversal.
Technical Highlights:
📈Trading near 52-week lows, an area where selling pressure can become exhausted
📈Two daily candles with long lower wicks where buyers appear to be defending this level for now
📈Must hold:
$1.40 –
$1.50 range to maintain the developing base
📈
$1.80 is the key pivot level
📈A sustained move over
$1.80 opens the door for a push back above
$2.00
📈Reclaiming
$2.00 would begin shifting short-term momentum back in favor of the bulls
If this base holds, we may be looking at an early-stage opportunity, a company operating in a multi-billion-dollar market with a market cap of only
$15.70M. That kind of valuation gap can reprice quickly if momentum turns.
Communicated Disclaimer: https://tinyurl.com/TherealshortsqueezyWKSP1
Sector Peers:
$PLUG $NEE $MAXN $BLDP
