Calculated a price target based on balance sheet calculations and good potential on EV manufacturing. Price will have a hard time crossing below $10, especially a price at $5. At $14, This gives us great target (2-3 years) of $40-50 without taking very much risk.
Good setup using supply and demand, 3:1 rr, and a triangle breakout. The area to watch is the channel zone marked with yellow.
good setup up allowing 3;1 rr, good stop-loss placement, and multiple trendline/channel breaks.
good 3:1 rr, high profit potential, high volatility, good s/r, setup
VLDR creating higher highs/lows, giving a good opportunity for a 3:1 setup trade.
After a false breakout of a strong level, I am expecting price to go down towards the trend line. Let me know what you think!