How will Solid Power fair with their solid state battery deal with BMW and Ford?
Solid state batteries have more capacity, lighter, not prone to overheating and ideally cheaper than liquid lithium.
Mass production is still years out however
Solid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado.
#SLDP looks like its due for a bounce. It could reach to $3.63 to $4.00 area.
Target 1 - $3.63
Target 2 - $4.00
Risk - fall to $2
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
Like many Small Cap stocks right now, they are bleeding slowly towards their All-Time Lows and will either chop near the bottom or quickly reverse depending on market direction. Most likely, this will hover in the $5-$7 range.
Solid power showed strong bounce from .618 fib extension area. The MACD bullish cross is about to happen and looks like it might break out of the descending wedge.
If the price break above $9 it could reach to $11.
Target 1 - $9.50
Target 2 - $11
Risk - rejection from $9 and retrace back to $7
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How to read my charts?
- Matching color trend...
