TICKER CODE: CCIV Company Name: CHURCHILL CAPITAL CORP IV Industry: US Stocks Finance Financial Conglomerates
Position Proposed: BUY
Entry: NOT READY (23.60-25.00)
1st Partial Take Profit: 52.90 (Oct-End 2021) 2nd Partial Take Profit: 69.80 (Early-Mid 2022) Potential Take Profit: 102.35
Stop Loss: 22.00
Technical Analysis 1. Falling Wedge (Completed) 2. Fibonacci Retracement at 0.786 3. Area of Confluence on the horizontal key level and trendline 4. Retracement Completed and Formed Double Bottom 5. 1st Take Profit will be at the next structure level 7. 2nd take profit at Fibonacci Expansion 1.00 Zone Take Profit and Doubletop Length