GOEV Canoo Options Ahead of EarningsIf you haven`t sold GOEV before the previous earnings:
Now analyzing the options chain and the chart patterns of GOEV Canoo prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $0.31.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Canoo
GOEV Canoo Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GOEV Canoo prior to the earnings report this week,
I would consider purchasing the 3usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.68.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GOEV Canoo Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GOEV Canoo prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.88.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Canoo Overbought and Dropping. GOEVWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
GOEV longCanoo
Consumer Cyclical
Auto Manufacturers
USA
Canoo is a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States.
- High volume in stock
- Crossed 100 and closing in on 200 EMA
- Next earnings date - 15 Aug 2022
Canoo Inc's cannonball meeting gravity. GOEVOverbought, divergent B wave now heading down. Backed up by dropping momentum and fractalism. Not even the cannons of Canoo are immune to the laws of market physics. Pretty confident here that this one is going to drop now.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Is this SPAC the 'BIDEN TRADE" Is this SPAC the 'BIDEN TRADE"
1.The Environmental clean up NRCG
2.BlueBird BUS (and electric bus)
3. Canoo electric CAR
4.DASEKE Renewable equipment
Is CANOO the next big thing ? Hyundai motor was in early-stage talks with Apple about potentially working together to develop an electric car. - Report CNBC
So what's the connection with Canoo? Canoo and Hyundai announced a partnership last year to develop an EV platform, which would likely use Canoo's proprietary "skateboard" platform architecture. Canoo said availability would begin in 2022, with scaled production and launch planned for 2023.
If all goes well, I reckon CANOO will keep climbing to beyond $50.
Catalyst/Source:
- www.theverge.com
- www.cnbc.com
- www.hyundainews.com
- Joe Biden signs executive orders to cut US oil, gas, and coal emissions
GOEV Support Level$GOEV seems to be holding pretty well above the $14 support level. With the craze for EV and Canoo providing eye-catching solutions in the EV world, this might soon start going up again. A possible swing trade will be around $14ish with a stop loss at around $13.70ish and a take profit at around $20 - $24. Once it reaches this level, look for strong catalyst and volume to keep going for new highs.
Electric Vehicle Company Canoo 421M Market CapCanoo has announced a merger agreement with Hennessy Capital Acquisition Corp. IV (HCAC), a special purpose acquisition company (SPAC), that would result in Canoo becoming a publicly listed company.
Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team – numbering over 300 employees from leading technology and automotive companies. (prnewswire.com)
The indicators are looking bullish on every timeframe, the market cap is very low and the company looks promising.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.