theponzimaster

GIK - Big potential reward with very little downside - EV SPAC

Long
NYSE:GIK   None
Electric Vehicle SPAC which is nosediving after failing to break the resistance.

Two important support levels are marked off here. I would buy at both levels to be honest with you.

Any SPAC near or at $10 is a great low-risk investment and this one has the EV narrative, combined with a Definitive Agreement in the wings.

I will do a little more research but based on the chart I would be looking to scale in, and buy the blood. Expect this to do well once the merger is on the books.

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