GreenPower Motor Swing Idea
Updated
GreenPower Motor appears to be in a reversal from a strong support at $5.
Reviewing the weekly chart, you can find upcoming resistance levels.
Good Balance Sheet in a hot sector.
Entry target: $8.23
Exit target: $9.61 (adjust accordingly with price action)
~14% swing idea.
Using $8 level as risk management if entry target hits.
Reviewing the weekly chart, you can find upcoming resistance levels.
Good Balance Sheet in a hot sector.
Entry target: $8.23
Exit target: $9.61 (adjust accordingly with price action)
~14% swing idea.
Using $8 level as risk management if entry target hits.
Comment
I personally had bad entry execution on this trade. Was able to swing for ~7% profit.
Previous resistance is acting as support at (~$8)
Daily bull flag formed. Will need good market conditions and volume for breakout imo.
Strong 200 week ema resistance at $9.61.
Will consider another entry above $9.61 for $12 target.
This will return to $5 if it falls below $8 imo.
Cheers
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