Don't FOMO into $EOSE, Be a LION and wait for your moment! NASDAQ:EOSE 🔋🪫
Another BANGER from Charturday!
I've adjusted the CupnHandle Breakout as it's now right at the Measured move of the Bull Flag breakout while also being at prior wick high.
IMO this is not a good entry and would be considered chasing. I'm going to wait for the Wr% to peel off the Williams CB red barrier and look for support to form and enter then.
If it doesn't happen and continues to run it's OKAY! You can't have endless plates or delicious HAM or PIE during the Holidays! The same goes for the stock market friends!
Not financial advice.
EOSE
EOSE Short Squeeze Potential !EOSE went down this month from $5.70 to $1.24, the CEO accessing a short sellers attack on the stock.
Now considering the pre-market volume, and the fact that the stock is already up 13%, I believe it has a short squeeze potential to the next resistances of $3.30, then $4.90.
Eos Energy Enterprises designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. T
he company's flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries.
Looking forward to read your opinion about it.
EOSE Long UpdateThere's no doubt the energy sector is hot at the moment. I like EOSE from recent trends. We've seen a considerable pull-back here, under $1.50 could possibly see a nice entry point in the yellow highlighted half-arc. If entering the trade, ideally I'm looking to take profits near the key resistance level noted with a horizontal red line.
As always, would be great to hear your alls thoughts.
KC