Workhorse Group Inc (NASDAQ:WKHS) and Energous Corp (NASDAQ: WATT) up on January effect

Workhorse Group Inc (NASDAQ:WKHS) is setting up really nicely on a technical basis and has catalysts looming headed into 2020. This is an ideal pattern here so I think Wall Street will be watching closely for entry. In play above $2.70, goal would be upper $3’s from here with an outside chance some good news hits and it tests middle to upper $4’s.

Energous Corp (NASDAQ: WATT) continues to be Wall Street’s favorite around $2, this is a good January effect trade idea I think, but traders and investors doesn’t seem to be really in a big rush here. Today’s movement headed out of oversold could be the trigger for the buying frenzy. I generally hate drifters but make an exception if it’s a story stock and more importantly, January effect idea.