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randomname11
Jan 12, 2021 2:03 PM

Stock to watch: Electrameccanica Vehicles Corp (NASDAQ: SOLO) Long

Description

NASDAQ:SOLO

The asset has been in 40+ days of consolidation in the range. And as it is in an uptrend (also for MACD Crossover indicator) I'm expecting a decent breakout.

The buy zone is between 0 and 0,236 Fib
Targets: up to 2 Fib (or even further)
Invalidation: closing below November's gap.

Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
Comments
joms_us
Looks like it made the move now. =D When do you think $20 (if possible) will happen?
randomname11
@joms_us, well, we should see how it unfolds (it is more of a "beyond technical analysis" thing 🤔). $20 could be in the next 2-3 weeks or so, but who knows 😅
Historically, a 150%+ move was made in a week (in November), so could be even earlier 🚀
joms_us
@randomname11, Thanks, hopefully it can hold the 8.xx area and never look back again =D About time!
Investroy
Excellent chart, supporting you👌🏻
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