GEOV a penny stock in the rising EV Sector

NASDAQ:GOEV   Canoo Inc.
As shown on the 1H chart, GOEV printed a head and shoulder pattern June 16 to 19 and then

trended down consistent with that pattern. The trend was supported by the 2nd VWAP line

under the mean in a VWAP anchored at the beginning of the descent. H & S. The volume

volume profile shows that trading volume is distributed widely across a big range of prices

showing high volatility. Price has trended through a round bottom reversal.

I see the likely scenario as price crossing the mean VWAP and ascending toward the

horizontal resistance of the neckline of the H & S. I will take this long trade with a potential

upside of nearly 50 % (0.47 to target of 0.69). As an aside, the EV sector is general is

on the heat map. I have uploaded ideas on FSR NKLA WKHS and PLUG (LCID NIO and TSLA

are of interest.)

Trade active:
Nice 15% pump today riding the EV sector momentum- would love to see more
after a one-day holiday to let things settle down a little.
Trade active:
Another good day riding the coattails of TSLA. Got what I was looking for. Took 1/3 of the position off the table as things progress well. Overall am in the EV sector heavily
and enjoying the price action.
Trade active:
Another great day with a 7% return. Another 1/3 of the position closed to leave
1/3 to run into next week. Overall EV sector strength is the rising tide lifting all
boats. Using profits to diversity a bit. Looking to take a bigger position in RIVN
once I see an entry in a decent pullback.
Trade closed: target reached:
Price popped nearly 50% as part of the general EV rally, Trade closed. Redeployed
into RIVN, and FSR watching for TSLA to complete its pullback for that re-entry.
Once GOEV does a reasonable pullback and has signs of continuation. I will reallocate the full position of 2000 shares

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