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REE Automotive Ltd.REE Automotive Ltd.REE Automotive Ltd.

REE Automotive Ltd.

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REE trade ideas

Moving up the Trend LineGood day team, many thanks to @without_worries hope you all are well. Here we have REE, this asset is on an upward trendline and today it has broken out of it's short term trend line with a bullish candle. I would hypothesize that the breaking of the short term trendline and the bullish engulfing candle and also the price action forming an upward trendline, that this would be a good Long play. In addition, the Stochastic RSI is healthy and there is a chance the MACD(Chris Moody) might have a bullish crossover. Be careful stay safe the markets are unpredictable.
NASDAQ:REE
by paper_Trader1775
REE Automotive Ltd to print 1500% extension?On the above 15 day chart price action has corrected 99% since late 2021. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Confirmation of support on past resistance. 3) For this stock the 6 day Gaussian channel is important (see below). Look left. What was once confirmed resistance is now confirmed support. Again, look left, significant moves in price action followed. 4) A breakout of $12 would with support confirmation would see price action leap to the next resistance at $160. Is it possible price action continues to correct? Sure, sellers love to jump in after a 99% correction. Is it probable? No. Ww Type: trade Risk: You decide, very low market cap Timeframe for long: January 2025 Return: 1200 to 1500% Stop loss: Elsewhere 6 day Gaussian channel.
NASDAQ:REELong
by without_worries
21
$REE - 3 month bottom base formed, ready for a boom!REE Automotive has formed a base ~4$ for the past 3 months. It has announced partnerships with Magna International, American Axle, Hino, Hitachi, J.B. Poindexter, Mitsubishi, Navya, Maxion, and more. Rumors around a UPS partnership as well. January 5-8 is CES in which they will be displaying their autonomous vehicle named Leopard and their FlatFormer base. It was originally a SPAC valued at 10$ NAV that hit around 16$. The technology and partnerships are becoming hard to ignore. This is not financial advice and is my own opinion. I have a holding in REE.
NASDAQ:REELong
by Croaking