GOEV is gearing up for a big move.
If we can cross the 17.08 level established by our volume profile we can see a very fast and decisive move to the midline of our pitchfork.
GOEV is an EV company and has strong backing with Hyundai. In there investor day presentation they mentioned a push for a fully autonomous vehicle and a subscription model that is different from the traditional car buying. “Innovation that excites”… Still a highly speculative stock but the technical aspect looks primed for another run. Watching this for a bounce...
GOEV looks like it may be breaking out of this symmetrical triangle however the breakout has not been confirmed. It is up over 11% on the day backed by strong volume however it looks to be finding some resistance at the top line of the triangle. I will continue watching price action for a confirmation or rejection of breakout. If breakout is confirmed I will buy...
