Long
SBE set for a great run pre-merger from crucial support
SBE is a SPAC that is set to merge with ChargePoint on Feb. 11, 2021. As history has shown, SPACs' stock prices run up till their date of merger. In SBE's case, the price has successfully bounced from its $40 trendline support, and very likely will increase from its current $40 mark to around $55, as shown by my technical analysis.
Trade closed: stop reached
Stopped out. Support broken. Will be looking for future opportunities to enter.Trade active
Entered again upon breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.