Switchback Energy - two possivle routs - Q1 - depends if it can break out on top of the tirangle or will make a second round to build a bullish flag.
Possible route for Switchback Energy Q1/Q2
good buying opportunity here at the bottom of the channel looking to hit 50s as short term target and maybe even 60 or a breakthrough past 60 long term not financial advice
SBE is going to close the trendline. If we hold it, it could be a good entry-level for LONG positions. Entry levels LONG: $42.73 $38.90 $33.78
After breaking down from the rising wedge SBE found support on the strong level of $34, which is about half of the height of the wedge. It is not finding resistance on the 21-ema, which roughly coincides with the .236 fib extension level. Stochastic RSI is curling up, which shows bullish momentum. I used the Stochastic RSI instead of the Stochastic because it...
Switchback plans to close on its merger with ChargePoint in early 2021. ChargePoint is rapidly growing its charging station network in the U.S. and expanding in Europe. It expects sales of its charging ports to grow by seven times through 2026. But investors drove shares up beyond what is reasonable. Even after today's drop, the combined company would be valued...