This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
GreenPower Motor appears to be in a reversal from a strong support at $5.
Reviewing the weekly chart, you can find upcoming resistance levels.
Good Balance Sheet in a hot sector.
Entry target: $8.23
Exit target: $9.61 (adjust accordingly with price action)
~14% swing idea.
Using $8 level as risk management if entry target hits.
GreenPower Motor Co., Inc. engages in designing, manufacturing, and distributing electric powered vehicles for commercial markets.
It offers electric-powered school buses, vans, charter buses, and double-deckers.
The company was founded by Fraser Atkinson and Phillip W. Oldridge on March 30, 2010, and is headquartered in Vancouver, Canada.
Stabilizing above 20$...
$GP Target 24.71for 26.14%
Or double position at 11.25
Ouch though... The RSI is resisting... like I said... I'm not your financial advisor... you work this shit out...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account...
1: Commercial EV Maker ( EV industry is strong and full of momentum)
2: Stage 1: Trendline flatten from 2015 to Jun 2020
3: stage 2: 20MV crossing 50MV and line from flatten to trend upward and big volume up
4: Forming TRUE cup with handle
TRUE Conditions:
volume support for the base of
the cup @ point A ;
the wedge down handle
...
Keep an eye on GreenPower Motor Company Inc (NASDAQ:GP) The stock looks poised to break out and run higher. Good long setup if the stock takes out the 34.45 level on volume.
This thing went from $0.1x to $1 not too long ago in the OTC Markets and then I believe had a reverse split, not that it shouldn't have appreciated but I think it will come back down and I bet the ascending triangle will play out before everyone is driving an electric vehicle... Can you stay solvent longer than the market can stay irrational? I guess we will see...
Posted a chart about this stock a couple a weeks back (Link below).. here's a close up break down of the cup and handle formation needed to now push it through the symmetrical triangle. this triangle has been forming for 5 months so the breakout should be huge. Note the last candlestick is sitting right on weekly support line (Whiteline). I'm closing my...
if this stock go bullish i belive we see breake out from "Cup and Handle" and reach 35-37 area
if go bearish mabye back to trend line
this is my opinion
This stock is really looking like it's ready to blow. The pennant is huge, but what's inside it it is a text book cup and handle (Yellow box). Targets are greenlines
