Carlotz 72% Move Possible bullish wedge break, confluence with bullish divergence. Smart money flow index changing positive as of 6/17. TP1- $0.87 TP2 - $1.60 TP3 - $3.53 SL - $0.43
Carlotz
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.
CarLotzThese are levels that I'll be keeping an eye on when dealing with CarLotz, and I'll revise as price action progresses.
I adapt to the change in money flow.
