SHLL has had itself an amazing run, these SPAC's have all had amazing runs on their own. While this might be a great long-term hold, if you're an investor on the sidelines looking to rush in, not shame in holding on a second. A retrace scenario laid out before you is likely to occur.
Overall Top: $34.50-36.50 Range Price point of Invalidation: $38+ range
This was a healthy And expected retracement - it had a very similar dip in the chart and look at its next day bounce. This stock is hungry, more grounding Fundamentals in this Equity than VTIQ, and look what happened when it became NKLA. Buy the dips and be patient.
ericisom887
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@jfenxme, will need to update wavecount after today's price action. Bounce on open does look promising.
Rory84
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looks like you were right.. i hope it don't got to $24.. i need it to bounce back....
ericisom887
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@Rory84, I'll need to comeback and update this wave-count after today's price action. Was not expecting a fall so suddenly like that.
Rory84
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@ericisom887, nor was i, it was 33.50 pre-market. I believe speculation shifted to WKHS and other EV mentions, traders are shifting based on low price..
ericisom887
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@Rory84, maybe, again will have to see how today's price action turns out.