Last run-up, we had a 400% gain over a month. therefore seeing a 300% gain by March is not out of the question.
A run-up will happen with all the consolidation SOLO has been doing, and it will be a bug one, all the way up to tap the support line, at the top fib level.
I believe a simple comparison between Canoo and Workhorse prototype will clearly show you how undervalued Canoo is.
Canoo marketcap : 611million
Workhorse: 4.3 billion
I believe in the coming months Canoo will be the superstar of EV makers in the stock market ..!
Let's see...If it can clear $8.70 I think it has little resistance on Volume profile. I am seeing a bit of a cup and handle. Anyone else see that? And it just bounced off volume shelf. Would be nice to see it finally break out to the $10-12 range. I sold 1/2 at $8.90, still holding for a bigger move up. Let's see what happens in the next few trading sessions.
CBAT is currently getting ready to break out of this bullish wedge pattern. This is the same pattern that I mentioned with PLTR and look how well that turned out. Stay in this one, or grab a position here before lift off.
The asset has been in 40+ days of consolidation in the range. And as it is in an uptrend (also for MACD Crossover indicator ) I'm expecting a decent breakout.
The buy zone is between 0 and 0,236 Fib
Targets: up to 2 Fib (or even further)
Invalidation: closing below November's gap.
Disclaimer: This article should not be considered as financial or...
SOLO should finally be a buy at the open. As long as it doesnt get away with quick double digit gains. The 8 should cross the 13 at the open, it looks up about 6% premarket. The MACD is almost above the zero line.