SBE on watch, sitting at the bottom of a channel with lots of upside room to run, under 33.90 could be trouble short term. important things to keep in mind 1. possible democratic senate 2. push to clean energy with Biden 3. merger with charge point
this is gonna be interesting. RSI suggests that it SHOULD go down, BUT I do think this thing is gonna break up. it is because RSI is showing a divergence, a thing that seems to be faked in the last months. there is also the Head and Shoulder figure, which is usually a trend reversal pattern, BUT I think this thing can be pumped up. and I say so because most of...
After breaking down from the rising wedge SBE found support on the strong level of $34, which is about half of the height of the wedge. It is not finding resistance on the 21-ema, which roughly coincides with the .236 fib extension level. Stochastic RSI is curling up, which shows bullish momentum. I used the Stochastic RSI instead of the Stochastic because it...
Switchback plans to close on its merger with ChargePoint in early 2021. ChargePoint is rapidly growing its charging station network in the U.S. and expanding in Europe. It expects sales of its charging ports to grow by seven times through 2026. But investors drove shares up beyond what is reasonable. Even after today's drop, the combined company would be valued...
Beautiful setup on $SBE (Chargepoint) Targeting 56 Holding 50c 1/21
SBE is in a pretty clear upwards wedge. It will hit the support cluster in 3-5 days and then will reverse to a short-term uptrend again.
Electric Vehicles and Energy should get a nice boost this week, With Biden announcing to accelerate transitions to EV's and creating more charging stations, this could be the news that helps SBE pick up and build some momentum. Watching for breakout of 36.20 and retest to ATH at 44.36. Merger with Chargepoint is expected to be soon as well!
Video Breakdown on my watchlist going into this week. $NIO $LI $FUV $GP $PLUG $SBE $BLNK ! Ill be doing more updates before Monday! What should be on this playlist, and why?
SBE getting ready for another leg up, bullish with EV hype. Watching for a breakout of this pennant, seeing a move back to ath and possible new ath coming. Key levels to watch Resistance: 39.74, 42.32 Support: 34.10, 30.86, 27.76
SBE watching for breakout of bull pennant, if pattern fails i can see a bounce at 24.93. PT 32
ChargePoint, an electric vehicle charging network, has struck a deal to merge with a SPAC (Special Purpose Acquisition Company), Switchback Energy Acquisition Corporation (SBE), with a market valuation of $2.4 billion. In this analysis, I'll be going over the company's business model and financials, as well as technical analysis of the very short price action...