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Maximus20000
Jan 14, 2024 9:38 PM

Polestar PSNY: Buy the bottom of the bottom of the bottom. Long

Polestar Automotive Holding UK LimitedNASDAQ

Description

Buy the bottom of the bottom of the bottom. It's the only chance to catch the lowest point in Polestar's history.

The purple trendline originates from the lowest points when the volume was at its highest, attempting to force the capitulation of all retail investors and a few hedge funds.

If I weren't already fully invested in this stock, it's exactly at the points of the two orange arrows that I would buy in the most aggressive manner possible. At the point between the orange arrows and the purple trendline!

And if this support doesn't hold? Don't worry... the stock will collapse like you've never seen before... so, since you're already in a tough spot, might as well give it a shot, haha!
Comments
SabahEquityResearch
Nice analysis
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