GOEV pulled back and is re-entry ready LONG

NASDAQ:GOEV   Canoo Inc.
GOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled

back for two day before a huge momentous move up on Friday July 7th. where it moved

from the support of the mean VWAPs anchored in mid June into overbought territory

two standard deviations above that level. On Monday July 10, price dropped precipitiously

back to those mean anchored VWAPs. The past day was marked by sideways consolidation.

The volume profile shows the heaviest trading volume at just below the VWAPs which is

cross-validating. The Chris Moody MTF RSI indicator shows the lower TF RSI in the past day

has crossed above 50 and now at 60 meeting the higher TF RSI. The zero-lag MACD has the

lines crossing over the zero horizontal line and parallel suggesting a bullish continuation.

Overall, I see a long trade setup with possible significant price movement anticipated perhaps

in the range of 20% targeting the pivot high last Friday.
Trade active:
GOEV did the VWAP bounce proposed by the idea above. Got 6% price movement today. Stop loss raised above break-even. Trade is risk and stress free. As per above
looking for another 14% in the next two days. Will trim the position and take profits
for the weekend.
Trade active:
Pirce beat the target and is still rising. Full posisiton running. Trailing stop loss set.

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