GGPI Bullish IdeaA down channel can be drawn on chart
Currently price is emerging out of this down trend, this will lead to a chance for the bulls
Once price does come out of this channel to the upside I do expect a big breakout as was seen in the first bull move (up to green circle top)
Daily Chart
GGPI
Eve & Adam Double Bottom (Bullish)Eve & Adam double bottom, price usually moves up 45%. Ref. thepatternsite.com
Gores Gugghenheim | GGPI | Short to SupportGores Gugghenheim ( NASDAQ:GGPI ) has a very weak chart and in a falling wedge formation. In the near-term, if it starts to break below $10.25, it may quickly move to support below $10. This is a classic formation where bulls may get caught in a slow bleed as it move down the falling wedge.
If it breaks resistance in the near-term, bulls are likely to take over and the short-term bearish thesis is invalid.
GGPI is AAPL and LCID is MSFT - Let the Battle begin !!!!Huge volume spike!!! With 100 M outstanding shares compared to LCID's 1.6 B (92% owned by institutions - low supply/rising demand), with cars already on the road in Europe, an AAPL like showrooms in the US, fixed price models, made from recycled materials with massive distance on a single charge, autonomous capabilities, and a stylish frame, there is no doubt Polestar is a GEM. Backed by Volvo. I don't post often, but I do post when I see an opportunity. I predicted LEU and I believe PAYO is about to blast off. Enjoy the ride (Keep in mind this is a SPAC - likely to follow LCID pattern of massive rise, selloff at merger, consolidation, and then revaluation 9 months later. My plan is buy now, sell 1/2 prior to merger, buy more at discount with profits ).
I'm not a financial adviser and this is not financial advice - just my opinion. Best of luck.
My updated thought on $GGPI $PSNY #PolestarI am ultimately bullish long term, but rather bearish until we see some sort of pullback after this STOOOOPID AH run up. Tutes own A TON of the float, we have some serious FOMO going on atm. Cash out all equities, and options, still holding warrants. Will reposition myself when I see fit.
