Forming base inside the descending wedge. Break out from descending wedge could send the stock to $20.
Target 1 - $15
Target 2 - $20
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support...
Bar chart: Monthly trading value estimation(Close price*TradeVolume)
Orange line: Average of the last 12 Months trading value estimation
December 2019:
Closing above the previous range, and 65% increase in monthly trading value compared to the average of the last 12 months.
February 2021:
Closing 15% below the previous high, 25% decrease in monthly trading value...
As you see in the charts, in the past 3 months, most EV makers lost between 40-70% of their value..!
This is completely an example of a Crash..!
keep in mind that they were the best-performed stocks since late 2018.
I believe this is not the end of the bearish move for these stocks, because they were so overvalued that can experience another 50% decrease in the...
GOEV plays made easy
You have the price channel and time cycle, what else do you need to make good trades? (buy and sell)
this is an example for my masterclasses..!
On February 18th, 2021, I publish analysis about the Market front runner industry (EV makers), seems exhausted ..!
After 5 weeks, it is time to review it 100% accuracy in 10 symbols is not speculation..! It is science and trading base on evidence..!
they are way above their value and in the coming months, you will see how far they could go down..! I will review...
GOEV has been correcting after a bullish impulse. Now we wait as the correction develops and getting ready to start scaling into the position. Extremely bullish on this one. I like the stock
Potential gain:25%
Reward/Risk:3.3
Timeframe: 1-3wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue...
This week I will keep my eyes on GOEV for breaking upward and after confirmation, this stock moves fast so its call portion could be rewarding..!
Please note that: options are tricky and they expose you to much higher reward/risk.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and...
When I compare the EV maker stocks, I noticed 2 companies have different behavior in comparison to others and interestingly the have positive correlation to each other while having negative correlation with other EV makers!
These two companies are Fisker (FSR) and Canoo (GOEV). While most EV makers experienced more than 30% price correction in the last 3 weeks,...
Hyundai motor was in early-stage talks with Apple about potentially working together to develop an electric car. - Report CNBC
So what's the connection with Canoo? Canoo and Hyundai announced a partnership last year to develop an EV platform, which would likely use Canoo's proprietary "skateboard" platform architecture. Canoo said availability would begin in...
My weekly portfolios in the last 5 week have beaten all major indexes and ARKK returns!
They made 64.14% compound return in 5 weeks..!
Let’s take a look at the next week portfolio to beat the market:
(put your orders +/- 1% change of weekly close)
1-AAPL
2-AQB
3- BTCS
4-CRSP
5- DB
6- DSS
7- FB
8- FDX
9- GNUS
10- HCDI
11-GOEV
12- HYLN
13- NGD
14-NVDA
15-PFE
16-...
I just like how clear the trend is but its not too refined to be a serious Idea. don't get me wrong I will buy but I would say the likelihood that which this happens is lower than the rest of my ideas. I have a bias towards this company (not good in trading) .
