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(Nasdaq: WKSP) Sees Even More Technicals Triggered (Now Up To 12+), Plus Key Chart Positioning
January 28th Greetings, Friend!
Could Worksport Ltd. (Nasdaq: WKSP) see a $1.00 psychological resistance test this morning?
Pushing above its 13-Day Exponential Moving Average (EMA) this week, WKSP is now trading above 3 of the most important chart support levels in its 50-Day Simple Moving Average (SMA) and its 200-Day SMA, too.
And if support starts growing at those levels, it may help WKSP take on and test potential psychological resistance at the $1.00 level.
It also doesn't hurt that WKSP now has 12+ triggered technical indicators over at Barchart including the website's "Trend Seeker" composite indicator.
Furthermore, take a moment to check out this Benzinga article: EXCLUSIVE: Worksport Taps Coinbase As Crypt-o-currency Custodian For Treasury Strategies.
Check out my initial report below and consider (Nasdaq: WKSP) for your watchlist today. -----
One lesser-known company, in particular, is climbing back to the top of my watchlist right now.
Worksport Ltd. (Nasdaq: WKSP) is a past champ to consider early this week.
Brought to your attention last month before a 12/5 open of $.67, WKSP ran to a 1/6 high of $1.20 for a surge of approximately 79%!
Although Wall Street hasn’t fully caught on to the potential of this Nasdaq profile, with moves like that approx. 79% run, it may just be a matter of time until WKSP forces their hand.
Worksport Ltd., through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries.
And based on several potential catalysts, (Nasdaq: WKSP) could soon witness another breakout spark near term.
Here's what to focus on immediately...
4 Potential Breakout Catalysts - Key (Nasdaq: WKSP) Details To Consider Now
#1. Worksport Ltd. ($WKSP) Announces Strong Q4 2024 Results, Beating Revenue Guidance; Recording a Substantial December Gross Margin increase.
Management Commentary
“We are extremely proud of our Q4 2024 performance, which drove our full-year revenues to about $8.5Mn—with exceptional margin growth,” said Steven Rossi, Chief Executive Officer of Worksport Ltd. “The remarkable success of our Worksport-branded B2C and B2B sales programs, along with our strategic pivot away from lower-margin private label products – betting on ourselves - underscores our vision for sustainable growth. We believe 2025 will be a defining year, supported by new product releases, continued revenue expansion, and our pursuit of cash flow positivity.”
#2. Worksport Subsidiary Terravis Energy Announces Two Major Heat Pump Breakthroughs, Begins 20-Day Countdown.
20-Day Countdown to the Global Reveal
Terravis Energy is launching a 20-day countdown on its website, ..., leading to the worldwide unveiling of this transformative technology. On February 11, 2025, the countdown will conclude and Terravis will share the breakthrough solution, key performance data, media kits, and exclusive insights into the competitive advantages of its cutting-edge solution.
#3. Barchart is reporting a multitude of bullishly triggered technical indicators across the short, medium, and long term.
The website had these to share as triggered at 4:00PM EST close on Monday:
Short Term Indicators
- 20 - 50 Day MA Crossover
- 20 - 100 Day MA Crossover
- 20 - 200 Day MA Crossover
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MA Crossover
- 50 - 150 Day MA Crossover
- 50 - 200 Day MA Crossover
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MA Crossover
Barchart also shares its "Trend Seeker" composite indicator is triggered, too.
#4. A relatively low float could create the perfect environment for potential volatility.
Yahoo Finance is currently reporting WKSP to have approximately 26.3Mn shares in its float.
With floats this size, the potential for volatility needs to be taken seriously.
Don't forget, this profile just moved approximately 79% in about a month...
Now, that's not to say WKSP is going to go surging again in the same manner, but I urge you to consider all the potential catalysts above while considering elevating this past champ up your watchlist. -----
Coverage is officially reinitiated on Worksport Ltd. (Nasdaq: WKSP). I'll be in touch with updates when necessary.
Talk soon.
All the best, Dane James Editor Market Pulse Today
WKSP Website.
(Remember: St-ock Prices Could Be Significantly Lower Now From The Original Dates I Provided.)
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