Hi Traders,
This is just my Idea about very potential company for next 5-10 years. (If electromobility can win th battle against hydrogen, than this is one of TESLA competitors.)
Consider your RRR Strategy + Fundaments (Entire market could get into Bear market as well).
Buy zone right now is around 10-7 USD ... Sell zones are marked for partial take profit....
Key risks:
- Product quality issues, returns, complaints
- Not achieving revenue growth targets (60+ % CAGR until 2025)
- Decrease in projected long term margins
- New players entering the market
- Supply chain issue and commodity risks
- Underutilization of government funds
- Management fail - execution risk
Key strengths:
- Developed and tested products
-...
$PTRA is pushing towards the resistance and most ev stocks are the hot trade. I have a good feeling this will keep pushing higher with the infrastructure bill in the news. Low volume with a decent amount of shares short make for a possible squeeze. Good Luck and make your own trades.
I've corrected my last idea ( ) on the formation of the Bullish pennant and the date of my PT.
MACD and RSI on the 3-month are still looking very tasty. As I described in my last $ACTC post, Proterra has a strong presence in the EV space- owning 50% of the North American market share within EV bus sales.
Short interest has also DOUBLED in a two-week timeframe....
This SPAC invests in Proterra, an electric bus manufacturer where the ex-Tesla Battery Engineering Manager is now the Chief Technology Officer of Proterra.
>60% forecast CAGR (compound annual growth rate).
Did I say Electric and Batteries??!!! Beautiful stock to own for the years to come.
Nice flattening out of the MACD
Coming to the pointy end of a wedge...
