NASDAQ:GP Waiting for the resistance trendline to be broken
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 $8 level as risk management if entry target hits.
GreenPower Motor Co., Inc. engages in designing, manufacturing, and distributing electric powered vehicles for commercial markets. It offers electric-powered school buses, vans, charter buses, and double-deckers. The company was founded by Fraser Atkinson and Phillip W. Oldridge on March 30, 2010, and is headquartered in Vancouver, Canada. Stabilizing above 20$...
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 ...
Nice cup and handle on GP on weekly and daily charts. Any dip close to EMS's is a buy. Target $40
GP - Cup and Handle formation, trending EV sector
This thing went from $0.1x to $1 not too long ago in the OTC Markets and then I believe had a reverse split, not that it shouldn't have appreciated but I think it will come back down and I bet the ascending triangle will play out before everyone is driving an electric vehicle... Can you stay solvent longer than the market can stay irrational? I guess we will see...
Posted a chart about this stock a couple a weeks back (Link below).. here's a close up break down of the cup and handle formation needed to now push it through the symmetrical triangle. this triangle has been forming for 5 months so the breakout should be huge. Note the last candlestick is sitting right on weekly support line (Whiteline). I'm closing my...
if this stock go bullish i belive we see breake out from "Cup and Handle" and reach 35-37 area if go bearish mabye back to trend line this is my opinion
GP is forming a strong Cup and Handle on the daily time frame here.
This stock is really looking like it's ready to blow. The pennant is huge, but what's inside it it is a text book cup and handle (Yellow box). Targets are greenlines
Buying GP here, the EV market is just making crazy gains. This one looks ready to go. Price above the supporting moving averages.
My 3 support areas where we can see most of the price action happening
After my previous post this broke out of a wedge after a great earnings report, and more orders coming in leading to a run up of over 200%. Part of that is attributed to the EV hype ,breakout fo wedge , so the market got carried away leading to a 50% correction again. I think this is a temporary bottom for the next leg up, because if you ask your self where the...
This entry and SL is based on my technical analysis only. Do your research and trade on your own risk!
Bullish Pennant Pros: Descending Volume during Formation RS climbing and above 0 PPS above 50MA and 200MA 250RSI above 50 ATR Ascending 200MA ascending R/R Ratio above 7 If confirmed, Target price: PT = 65.91$