There appears to be an Ascending Triangle that has formed and is keeping within the range as it tightens up toward the end. I'm not genius, but, I figure everyone already saw this anyways! Me being the genius that I am knew to buy along the ascending trend line, but actually bought at the point of resistance as a result of fear. Despite the fact that I used...
Using an old chart and I zoom in to see what's up: 1. a beginning of a break out (in theory only), but be carful of 7.27 2. I would watch out 8.70 and 9.50, and the cloud area is the MOON for now given the fact that EVs are not that hot anymore, in my opinion, just for now, I don't expect a huge breakout. Of course, I do HOPE so!
Looks good for a solid swing trade upwards. MACD golden cross incoming, strong upwards trend recently and moving similarly to how it was before it gapped up the last time.
I believe this stock has the potential to go to 11.80. It has bounced off support and now will continue to the next resistance
This is wedging and trading within the channel. Expect half the move to give back will need to see it hold, but I dont expect it to. I expect this will prbably sell off more back to the POC or bottom trendline
the road to 154 just confirmed
CBAT has come up on earnings but unable to find data. Was looking for a sympathy run with EV earning in china. Their news hasnt been great lately and they just offered shres but this could retest the mid to upper channel and it is forming a bit of a wedge. MC 643M Float 33M Vol 5M Short 16% YOY revenue is increasing Seems like only a small portion of EV batteries...
CBAK Energy Technology Inc. The paper is at the stage of finishing the formation of the pattern, which gives 3 growth targets - $ 12.16 and $ 18. In total, an increase of 146% is expected. Given the very high IV = 176%, I plan to trade this trade with a synthetic long, as well as selling puts at 50 delta to make money even when the paper is in place.
Looking to break the upside resistance line, and stoploss right under the support trend line . Otherwise the volume is holding, the demand is still there and the float is is very good at 36 mil