Long
SOLO 11/23/2020
SOLO touched $13.60 last week
SOLO couldn't hold the $11 we saw a sell off failed to hold $10, $9.50 held as a support before we retested $10 level as a confirmed support.
RSI on the 15 is Overbought
RSI on the hourly is Oversold
RSI on the daily is Overbought
If we break above $10.30 we open a long back to retest $11
We saw a correction during market opening today due to a catalyst
ElectraMeccanica Vehicles (NASDAQ:SOLO) files 200M mixed securities shelf offering.
The filing gives the company the right to offer a mix of preferred stock, common stock, warrants and units.
Net proceeds will be used for sales and marketing expenditures, capital expenditures, product development expenditures, operational expenditures and working capital for general corporate and administrative purposes.
Shares of SOLO are down 2.5% in premarket trading.
SOLO low today $9.26
SOLO high $11.44
Scenario A: SOLO see's a huge rally tomorrow holding the $10 support and retest the $11 resistance
Scenario B: SOLO fail's to hold the $10 level, We can revisit $8 as the Daily RSI way overbought
SOLO couldn't hold the $11 we saw a sell off failed to hold $10, $9.50 held as a support before we retested $10 level as a confirmed support.
RSI on the 15 is Overbought
RSI on the hourly is Oversold
RSI on the daily is Overbought
If we break above $10.30 we open a long back to retest $11
We saw a correction during market opening today due to a catalyst
ElectraMeccanica Vehicles (NASDAQ:SOLO) files 200M mixed securities shelf offering.
The filing gives the company the right to offer a mix of preferred stock, common stock, warrants and units.
Net proceeds will be used for sales and marketing expenditures, capital expenditures, product development expenditures, operational expenditures and working capital for general corporate and administrative purposes.
Shares of SOLO are down 2.5% in premarket trading.
SOLO low today $9.26
SOLO high $11.44
Scenario A: SOLO see's a huge rally tomorrow holding the $10 support and retest the $11 resistance
Scenario B: SOLO fail's to hold the $10 level, We can revisit $8 as the Daily RSI way overbought
Note
Scenario B: played out as we saw a huge sell off back to $8Note
SOLO currently trying to test $9Note
Solo trying to close above $9 today we saw a $7.61 low today
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.