The stock, after a strong move from the 1.20 to 5.00 zone, has since materialized in a healthy way, and found support on the 0.78 Fibonacci level.
The stock closed an open gap at 3.50 and is having difficulties through this area.
Currently producing a cup&handle pattern (orange).
in addition there are currently about 18% short interest on the stock, which can...
GOEV was in the $ 4.50 to $5.50 range 1-2 months ago and on the 60 minute chart appears to
be in a round bottom or doble bottom reversal concurrently with TSLA continuing to fall on
the expectation of an earnings miss. GOEV's last earnings was a beat. It burned about half the
cash that the analysts forecasted. The relative trend index indicator suggests a...
Analyzing the options chain and the chart patterns of GOEV Canoo prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.88.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
2 Hour timeframe is showing a potential golden cross, and IF it happens, it's expected to cross on the same day as earnings. Current timeframe also shows candles above ichimoku cloud, and a bullish green cloud!
Golden Crosses have 100% accuracy of predicting the end of bear markets and beginning of bull markets.
This is not financial advice!
Rsi has crossed rsi ma on weekly and rsi is about to cross ma on 3 week. Could see a move to .25. Possible .40 target if bullish momentum can continue for longer.
GOEV Canoo Straps on the turbochargers and heads upstream.
People Love this ugly and very functional vehicle. Will Canoo be able to fulfill orders and send them out the door in a timely fashion is the question.
I do admire the drive for perfection and it looks to be built in, all bases covered.
This is a story of perfection versus hey just release the ugly...
Volatile EV stock showing signs of a Wyckoff Accumulation or Diamond Pattern. Would like for it to hold $0.5 or move towards the Spring area to then follow the Yellow paths.
I really like their cars for some reason, especially the truck. Problem is the company is likely going bankrupt. So, if Canoo's management were smart they should have gotten in touch with Apple to say 'We've got a car for you. Stop futzing around trying to create your own and instead spend some petty cash to buy us!'.
The weekly buy divergence is very strong...
NASDAQ:GOEV
As for GOEV , i expect it to have finished from wave 2.
And now we should start moving in the third wave
which could take us to $1.5
Our support : $0.415
Our resistance : $0.81
GOEV does not compete with TSLA. It makes special use electric vehicles
including a NASA contract apparently for vehicles to be used upon the return
to moon exploration. As a penny stock, GEOV has weak fundamentals
coupled with high trader and investor interest. Large capital institutions
have a predominant portion of the shares.
On the 15 minute chart....
GOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled
back for two day before a huge momentous move up on Friday July 7th. where it moved
from the support of the mean VWAPs anchored in mid June into overbought territory
two standard deviations above that level. On Monday July 10, price dropped precipitiously
back to those...
As shown on the 1H chart, GOEV printed a head and shoulder pattern June 16 to 19 and then
trended down consistent with that pattern. The trend was supported by the 2nd VWAP line
under the mean in a VWAP anchored at the beginning of the descent. H & S. The volume
volume profile shows that trading volume is distributed widely across a big range of...
HISTORY REPEATS ITSELF
Im approaching this from a purely technical perspective
The good news seems to have caused an overbought scenario
which has resulted in the formation of a clean divergence in price if more hype
neutralises this divergence well good for them but for now its not looking so good
from expirience startup stocks that tank this far are screwed...
Looks like this multiyear pattern is either bottoming out or is spelling doom for this startup.
Recent news show them attracting a lot of cash, that might be signs of the end for this company.
Purely on a technical i'm saying up a bit from here.
Oh Nostramitchus, blessed thee.
Canoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully...
After some Walmart hype that pumped GOEV it now looks ready to come back down and continue the bear market.
Fell blow 20MA and now the more important 50MA + a big gap down from the hype pump.
This is an easy short BUT because it is low in trend it is imo for defined risk only and so I have bought ATM Jan 2023 puts. Not LEAP because I think there will be a...
