GOEV - Another One For The Rekt Bucket

dRends35 Updated   
NASDAQ:GOEV   Canoo Inc.
After some Walmart hype that pumped GOEV it now looks ready to come back down and continue the bear market.

Fell blow 20MA and now the more important 50MA + a big gap down from the hype pump.

This is an easy short BUT because it is low in trend it is imo for defined risk only and so I have bought ATM Jan 2023 puts. Not LEAP because I think there will be a significant selling climax sooner and so no need to overload the extrinsic cost.

It may re-test the 20MA - who knows but this should be an easy short I think.

Not advice.
Great start here, going very well 😸.
This one worked well.

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