Which way will it break?Support line at around 2.57 and small wedge forming. Will it break support line and go bear down or will it break wedge and turn bullish
SOLO
ElectraMeccanica Stock Analysis - SOLOThe idea is to wait the end of a possible price retracement before going long
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Here are more charts with the number 2.
SOLO - ElectraMeccanica Stock AnalysisThe idea, based on technical and Fundamental analysis is to go long (perhaps wait the end of a possible price retracement)
NASDAQ:SOLO
Fundamental News
ElectraMeccanica Partners with Gateway to Lead Expanded Investor Relations Program
SOLO, Fibs, Where Do We Go?The SOLO IR news, imo didn't have much to do with this. There's already a following and unless they were looking for true institutional investors, the retail momo is definitely alive and well. They just raised $20 mil so is there dilution risk? maybe. But after the drop did the market price in some things? Good question. I think the EV juices are flowing thanks to NKLA and the potential IPO of Lucid.. not to be confused with This (former) Lucid . Gonna come down to execution now.
"The company announced that it narrowed its list to for its new U.S. home to Arizona, Colorado, Florida, North Carolina, and Tennessee. Following this, ElectraMeccanica announced the accelerated expansion of its retail footprint for its flagship SOLO EV with new locations planned for Arizona and Oregon. It’s also worth mentioning that the company was also able to raise some $20 million to help efforts."
Quote Source & Info: Can You Make Money With Penny Stocks? 3 Up Big In June
$SOLO bullish penantExpect some big moves on $SOLO soon. A Bullish pennant is forming on the 15min chart. A decisive break above $4.50 will open the gates to low the $7s. A break below $4 would bring it back down to possibly $2's.
$SOLO - Will HISTORY repeat itself?!? Only TIME will tell...$SOLO - Will HISTORY repeat itself?!? Only TIME will tell...
(Short)Textbook Pump. Will UpdateShorting through $5.00. If you account for all the options and warrants, this company would have a market cap of
net identifiable assets of $500k (rounded)
Net tangible book value of $16 million (rounded)
Fully Dilated float of 57 million, which results in the company being worth 1/2 billion
Wanted to post this at $5.00. they were providing bid support to try to attract institutions, but I don't think that is going to work. It already broke through