Long
Lotz ending diagonal
Lotz is finishing up a 5 wave ending diagonal with bullish divergence. Selling pressure has subsided and short interest is very low. Share price should be about $1.60 if it was reflected by company's cash on hand. As we can see that is where a very active price block is ($1.60-$2) which I believe we will be retesting by EOY. Chip shortage has greatly improved and actually is starting to turn into a surplus in some industries. Biggest news of all is senators are expected to convene as early as Tuesday (7/19) to vote on a bipartisan competition bill to set aside $52 billion to boost domestic semiconductor manufacturing and give tax credits for production. This would solve a inventory problem for vehicle manufactures which has created the bubbling of price on used vehicles, which in turn has limited inventory and killed sales for various reasons. Good Luck.
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