$GPV.V and $GPV BreakOut Idea Related to the EV momentum growing
1: Commercial EV Maker ( EV industry is strong and full of momentum)
2: Stage 1: Trendline flatten from 2015 to Jun 2020
3: stage 2: 20MV crossing 50MV and line from flatten to trend upward and big volume up
4: Forming TRUE cup with handle
TRUE Conditions:
volume support for the base of
the cup @ point A ;
the wedge down handle
formed @ point B
5: tight area/tight 7 weeks/ consolidation (support: volume dry-up)
6: AWAITING VOLUME BREAK OUT @ tight area; it will be a buy point
7: stop loss will be the lowest price of the break out day/ the base of tight area
It is my first idea to publish. Welcome to comment below.
2: Stage 1: Trendline flatten from 2015 to Jun 2020
3: stage 2: 20MV crossing 50MV and line from flatten to trend upward and big volume up
4: Forming TRUE cup with handle
TRUE Conditions:
volume support for the base of
the cup @ point A ;
the wedge down handle
formed @ point B
5: tight area/tight 7 weeks/ consolidation (support: volume dry-up)
6: AWAITING VOLUME BREAK OUT @ tight area; it will be a buy point
7: stop loss will be the lowest price of the break out day/ the base of tight area
It is my first idea to publish. Welcome to comment below.
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