A down channel can be drawn on chart Currently price is emerging out of this down trend, this will lead to a chance for the bulls Once price does come out of this channel to the upside I do expect a big breakout as was seen in the first bull move (up to green circle top) Daily Chart
⚠️ TRADE ALERT ⚠️ ENTRY 10.66 TP 11.48 SL 10.55 1% risk 8% potential
Eve & Adam double bottom, price usually moves up 45%. Ref. thepatternsite.com
Gores Gugghenheim ( NASDAQ:GGPI ) has a very weak chart and in a falling wedge formation. In the near-term, if it starts to break below $10.25, it may quickly move to support below $10. This is a classic formation where bulls may get caught in a slow bleed as it move down the falling wedge. If it breaks resistance in the near-term, bulls are likely to take over...
GGPI needs to come down close to these three areas before it can make its big push up. These targets will shift as price moves up and down. but should be close. I will update if they shift to much. Once these three areas are hit. The price should move pretty hard to the upside. As all time frames will be on the same stage of the Curve.
Starting to show signs of absorption in premarket.
Cheap option calls on this underdog EV Company that just struck a $20Billion Deal. Connections with Volvo and already outselling Tesla in Icelandic Countries. Some cliff notes on other post. DD from Savvy Sean by iCantw84it 01.31.22
$GGPI Polestar 2nd in EV Production Polestar is uniquely positioned to access the production facilities of Volvo/Geely allowing it to quickly ramp up production to 750,000 units per year (compared to >1,000,000 at Tesla $TSLA) 53,000 at Lucid $LCID) and 150,000 of Rivian $RIVN$GGPI Polestar 2nd in EV Production Volume is good. There must be some big...
Huge volume spike!!! With 100 M outstanding shares compared to LCID's 1.6 B (92% owned by institutions - low supply/rising demand), with cars already on the road in Europe, an AAPL like showrooms in the US, fixed price models, made from recycled materials with massive distance on a single charge, autonomous capabilities, and a stylish frame, there is no doubt...
I am ultimately bullish long term, but rather bearish until we see some sort of pullback after this STOOOOPID AH run up. Tutes own A TON of the float, we have some serious FOMO going on atm. Cash out all equities, and options, still holding warrants. Will reposition myself when I see fit.