it has found strong support at 10,20$ - 10,30$ Price levels
CGRO is expected to complete its merger with Innoviz (INVZ) technologies in the first quarter of 2021. If that timetable is to be believed then we are only looking at 1-4 month timeframe for the merger to occur. Innoviz is a lidar sensor play - think VLDR and LAZR . After analyzing VLDR/LAZR who are the well known tickers in this sector it looks like Innoviz...
Keeping an eye on CLA for a reversal above the yellow 1W trend, and support above our weekly resistance at 13.50 Last months open at 13.85 is currently our resistance, and again around 14.20 If you fall under either the weekly resistance or the green support line, id be bearish until we recovered. Depending on the trade, id consider 12.53 a good stop loss,...
it is oversold and resistance at 50MA BACK TO 13,40$ !!
It is would be one of the hottest spac of 2021 , my target price is 50$
In an ideal world, it'll bounce off the 18.5c support and trackback upwards, especially considering how low the RSI is. If it breaks that support line it'll most likely track downwards to fill that huge gap we have. Either way, it is healthy for this to happen to move upwards again.