So, we have the battery maker - Formerly Kensington Capital -SPCE company. with the lithium metal batteries development for EV - this stock EXPLODED in the last month, i will not expand here about their innovative technology as its irrelevant after this rise i want to explain the technicals which are very relevant for today and this week in general so, we are looking at a huge volume surge and a very strong first stage of the impulse wave -the stock is very extended and premarket today is 25% UP!!! huge! Pay attention to the POC (point of control) pointing to the 50$ line on an hourly chart (image below ). expect the correction to be towards the 60$ line TODAY - so if you are holding the stock, I would say STRONG SELL cash out on profits and jump back in after stage 2 of correction we still have a lot of upside here -and this stock in my opinion will cross 125 by FEB 2021!
so, to sum up: Exit trade today -limit order premarket take profits and RUN! Re-enter at the 55 -60$ line after correction and take it all the way to 85$
this stock in a long term is a HOLD and it will make us much more money i believe so stay on it and stay tuned :)
Great battery day but again still not in full mass production, no profits atm. Stock jumping up parabolically does not make sense especially so much time after previous day gains unless its become a meme stock on r/wsb. Taking a nice tidy profit today and waiting for the correction
FDGT_academy
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@BettingtheShirt, too much hype with very little to no earnings !