Goev Seems like to be forming a Wolf Pattern again. Watching $7.00 too $7.15 zone to see some buyers to get in
This is a clean wedge with a favorable RR for a short term trade. We are seeing similar setups on other SPACS. ie. QS backtesting the wedge breakout.
Buy setup seems to be developing. Maybe we shall see a reversal finally, or just more bearish corrective teasing? What do you think?
I see a rally that will take this to $15.50 at the 0.618 Fib level
The chart speaks for itself. Bullish
The chart speaks for itself. Bullish
QS seems like finished the correction waves. it is on great spot to long for a good RR.
Forming base inside the descending wedge. Break out from descending wedge could send the stock to $20. Target 1 - $15 Target 2 - $20 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support...
Bar chart: Monthly trading value estimation(Close price*TradeVolume) Orange line: Average of the last 12 Months trading value estimation December 2019: Closing above the previous range, and 65% increase in monthly trading value compared to the average of the last 12 months. February 2021: Closing 15% below the previous high, 25% decrease in monthly trading value...
We should start seeing the ascend from this point.
As you see in the charts, in the past 3 months, most EV makers lost between 40-70% of their value..! This is completely an example of a Crash..! keep in mind that they were the best-performed stocks since late 2018. I believe this is not the end of the bearish move for these stocks, because they were so overvalued that can experience another 50% decrease in the...
Resting on a solid support line RSI is oversold BlueWave is going to give buy signal soon
GOEV plays made easy You have the price channel and time cycle, what else do you need to make good trades? (buy and sell) this is an example for my masterclasses..!
On February 18th, 2021, I publish analysis about the Market front runner industry (EV makers), seems exhausted ..! After 5 weeks, it is time to review it 100% accuracy in 10 symbols is not speculation..! It is science and trading base on evidence..! they are way above their value and in the coming months, you will see how far they could go down..! I will review...
GOEV has been correcting after a bullish impulse. Now we wait as the correction develops and getting ready to start scaling into the position. Extremely bullish on this one. I like the stock
Potential gain:25% Reward/Risk:3.3 Timeframe: 1-3wks I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue...
This week I will keep my eyes on GOEV for breaking upward and after confirmation, this stock moves fast so its call portion could be rewarding..! Please note that: options are tricky and they expose you to much higher reward/risk. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and...
When I compare the EV maker stocks, I noticed 2 companies have different behavior in comparison to others and interestingly the have positive correlation to each other while having negative correlation with other EV makers! These two companies are Fisker (FSR) and Canoo (GOEV). While most EV makers experienced more than 30% price correction in the last 3 weeks,...