Romeo Power, Inc RMO

SimplyShowMeTheMoney

*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: On November 2, 2021 my team entered lithium-ion battery company Romeo...

SimplyShowMeTheMoney

*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been analyzing lithium-ion battery company $RMO for the past...

vik0q

Look at the wick below 6.3, place a buy stop above after another wick confirms momentum I think that is the place.

Erictaylor

That is a scary chart. The biggest sell volume on the chart came in at this breakdown. 4.60$ stock that was once worth 40$. The company isn’t garbage but just like all speculative stocks they don’t have any earnings right now. It is a reputable battery comoany, but of course there is going to be loads of competition. Buyers aren’t interested right now, and could...

vik0q

Accumulation at 7.0 - 7.4, is filling the gap.closing the week a doji maybe ?

vik0q

Accumulation might happen before hitting the low 5.92.

sicccc

Wave 1 finished. It is correcting itself in wave 2 now. I would suggest building the position between $7.5-$8. After that, it have a high probability to break through the resistance. Before that, watch for price action. Don't rush to open the trade. For self-education use only. Not financial advice.

ThomasKrau

RMO Had Q1 good earnings report beat all expectations possible falling wedge formation brake out. If it brakes going long on this one! It's Just my opinion welcome to comment.

SkyTrader11

Would you wait 9 years for a 80x to 100x the value for Romeo Power!?! I would this company will be JUST as BIG as AMC! 1000/share by 2030 sounds like a great opportunity for LONG TERM investors to HODL this one! While we wait for the company to make great strides in the coming future. RMO has been going through a bit of a hiccup. Since the value drop, hearing they...

Erictaylor

Had a nice run since entry at 7.70. Could be rising wedge lower support 8.88. If we break 8.70 and find resiatxne at 8.88 then could be a break down to 8.14. I have buy orders at 8.14 Caught resiatnce at 9.16 daily 20 ema

Erictaylor

If it clears this 9.05 should be easy run to 11.15. Last time we cleared a resiatnce we ran to the red ichumochi clouds resiatxne which before was 14$ level hit to a T I strong feel we will hit that 11.15 area If we clear it and hold. Holy shit but have to expect rejection their

Erictaylor

Rmo almost breaking out look forward comforted hold an back test of 9.03 resiatxne of 200 ema

Erictaylor

Always okay with cautio. Entered a trade at the arrow at 752. Coming up on short term resiatnce but could be worth buying on a dip anywhere from 760-790. Stoploss at 7.40

maxigonzalez12

The company's estimates for the current year were disappointing, with a drop in targets from institutions. In my opinion we are in a wave 5 with a possible stop at 6.50 with the possibility of continuation of the downward movement to 5.25. For the moment I stay out.

MoonBets

RMO - has an excellent setup here to buy for a good RR

Akksujean

RMO got some nice volume recently and a bounce up off the $9.00 line is anticipated. Target 1 - retest of the April 6th high. Fib targets are higher. Not financial advice.

ITSPAT

Seeing Moving Linear Regression showing signs that we could see a comeback with limited risk.

10:30

norok

One of the most common questions from new traders is "when should I take profits?" There is only one wrong answer... that is to NOT have a plan! I personally take off 75% of my position at a 3:1 Reward Risk Ratio target. The reason I do this is to give my strategy a mathematical edge when dealing with winners, losers, and in between.