News - Gores Guggenheim and Hertz announce a global strategic partnership to accelerate electric vehicle adoption. Levels -$14.5 is the nearest resistance level. The stock is gapping up to $12.3 (pre-market). The idea is to go long at the open when the $12.35 level is established as a support level and enter above the open price as a confirmation.
⚠️ TRADE ALERT ⚠️ ENTRY 10.66 TP 11.48 SL 10.55 1% risk 8% potential
Eve & Adam double bottom, price usually moves up 45%. Ref. thepatternsite.com
Gores Gugghenheim ( NASDAQ:GGPI ) has a very weak chart and in a falling wedge formation. In the near-term, if it starts to break below $10.25, it may quickly move to support below $10. This is a classic formation where bulls may get caught in a slow bleed as it move down the falling wedge. If it breaks resistance in the near-term, bulls are likely to take over...
GGPI needs to come down close to these three areas before it can make its big push up. These targets will shift as price moves up and down. but should be close. I will update if they shift to much. Once these three areas are hit. The price should move pretty hard to the upside. As all time frames will be on the same stage of the Curve.
Starting to show signs of absorption in premarket.
Cheap option calls on this underdog EV Company that just struck a $20Billion Deal. Connections with Volvo and already outselling Tesla in Icelandic Countries. Some cliff notes on other post. DD from Savvy Sean by iCantw84it 01.31.22
$GGPI Polestar 2nd in EV Production Polestar is uniquely positioned to access the production facilities of Volvo/Geely allowing it to quickly ramp up production to 750,000 units per year (compared to >1,000,000 at Tesla $TSLA) 53,000 at Lucid $LCID) and 150,000 of Rivian $RIVN$GGPI Polestar 2nd in EV Production Volume is good. There must be some big...
keep an eye on this spac. merger is set for the first half of 2022. long play accumulate in 100 lots then sell options for income . i was waiting for under 11$ but its bouncing off the level. its aggressive to buy here. so it depends on your trading style. im willing to hold this in my tax free trading account in my retirement fund. im willing to hold this for 4...
GGPI respecting FIB levels and currently trading in an ascending channel...
Watching prior price action, let's see if we can see a ride above 15. Invalid under 11.
Gores Guggenheim, Inc. intends to acquire assets and businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. The company was founded in 2020 and is based in Boulder, Colorado.
So lots of call options for 15 on friday.. will most likely get pushed just below that magic number then rocket monday imo. good luck all not financial advice
Compare the market cap of Rivian at $125B vs Polestar at $15B. Now google search Rivian and Polestar. Rivian EVs look worse then their IPO evaluation! Granted they do have Polestar beat with their T-shirt revenue. Jokes aside, I think Polestar is in for some more hype before this run is over. The chart shows GGPI filling out nicely at these levels and looks like...
EV SPAC PLAY. Tesla, Lucid Hype. Total Speculation Play, SPAC hype, Luxury EV hype play. As of now watching this flag. Will watch how price action forms. Needs to hold above 15.00 and on or can see it test 10-12 area. If it holds 15, goes and tests 16, we can see 20.00 Have a Happy Day.
#GGPI aka Polestar – consolidating nicely this morning, needs to hold 12.8 before breaking higher This stock could explode this week, with Polestar set to go public very soon via this SPAC. If Rivian has anything to go by: Polestar vs Rivian Cars delivered – 10k vs 15! Exp Val on launch - $20bn vs Rivian already at $120bn Polestar backed by activist...
Gores Guggenheim Is the Rare EV SPAC That’s Not All Talk It was recently announced that Swedish electric car maker Polestar Performance AB will be going public via a merger with special purpose acquisition company Gores Guggenheim (NASDAQ:GGPI). The new company will be renamed Polestar Automotive Holding UK and is to be listed on Nasdaq under the ticker symbol...
Just the Fib retracement for GGPI up to $100. That's about it, helpful for trading breakouts