REE Automotive to List on NASDAQ Through Merger with 10X Capital Venture Acquisition Corp
REE’s fully-flat and modular EV platforms are based on proprietary REEcorner technology, positioned to become the cornerstone of next-generation e-Mobility.
The transaction is expected to provide more than $500 million of gross proceeds to the Company. This includes funds...
Keeping an eye on NIO today. I have a position but if it breaks out of this Symmetrical Triangle to the upside with confirmed volume, I will be adding to my position.
1. Volume contracted on consolidation
2. Earnings beat last 3 quarters
3. EV sector.. and China stocks may outperform US in near term due to frothy US market in my opinion.
$nio chart is looking interesting with the symmetrical triangle formation, a close above 48.5 can lead to a breakout.
Also, Nio day is near on 9th Jan, an annual event for the company to make major announcements for products or services. Will it lead the rally to ATH?
Another EV stock.. A lot smaller and younger than $TSLA.
Bullish flag, waiting for volume increase on daily chart or moving average crossover for entry to buy stock. Possible buy and hold due to current market's sentiment on EV stocks.
While waiting... Short put vertical 6/5 for 01/15 expiry.
$NIO There is a Head and Shoulders on the Daily, but today we broke trend on the downside and settled there with a pick up in volume. If the head and shoulders plays out we will see a rejection at the 200 EMA and possibly downside from there. EV news is hot and Biden in office only confirms that sentiment.
After the fact... the move was made, $1.20 to $57 in 1 year.. It was a trading under $4 at the beginning of the 2020.. Crazy! Anyhow looking to buy for the longterm? Under $30-$10 at this point in time seems like a good deal. Still IMHO looks very overbought & the market / chart it might be ready to roll over lulz. Waiting to see what happens but seems to be a...