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$
GPV is an interesting EV company as their focus is more towards busses which can be huge as. they the world seems to be moving towards EV and the market cap is interesting. Based on the hourly believe it just had a bearish gap retest and may head back down towards the bottom trendline giving us a chance to buy some share for cheap. This is incredibly volatile so...
GP breaking out from a big wedge pattern. Hot industry: electric vehicles Accumulation volume Not oversold
I’m trying to figure what kind of correction pattern is forming here. If the tip of correction wave B was Sept 11, then it would be too low to form a flat (right?). Correct me if i’m wrong but a descending triangle should manifest in a downtrend, not an uptrend (unless perhaps the uptrend has reversed?). Or maybe its the begining of a zigzag pattern as drawn...
RSI increasing, 20 serving as a first ceiling, with the marketcap of 300 million this company is way undervalued compared to competitors who have a California HQ presence but no product. One of two major players in the ev market that is currently generating revenue. The other one is $tsla.