SAMA: Access to Pure Play Cannabis Opportunity Bullish on industry trends around Cannabis Sector given the "acceptance" of CBD following election. SAMA is a SPAC with an agreed target in Clever Leaves. The two are planned to merge in Q4 2020. SAMA is in the HE Long List by virtue of CLVR's potential trajectory and cost base in a massively growing market. While difficult to assess price behaviour given structure, de-SPACing has led to significant price moves where the underlying entity has attractive fundamentals in place (i.e MP and EOSE).
Spac
BFT Foley Trasimene huge upside potential!This can be big: Foley SPAC in merger talks with Blackstone's Paysafe - Bloomberg News
Nov 6 (Reuters) - A blank-check company set up by veteran investor Bill Foley is in talks to merge with online payments firm Paysafe Group Ltd, which is backed by Blackstone Group Inc BX and CVC Capital Partners!
The report, citing people with knowledge of the matter, said Foley Trasimene Acquisition Corp II BFT .U has begun talks with investors to raise more than $1 billion in new equity to support the merger, which would create a company valued at more than $10 billion. (Reuters)
Nuvve To Become Publicly Listed Company Nov. 12, 2020: Green energy technology company Nuvve Corporation, the global leader in vehicle-to-grid (V2G) technology, and Newborn Acquisition Corp. a publicly traded special purpose acquisition company with approximately $57.5 million of cash in trust, announced the signing of a definitive merger agreement to take Nuvve public.
The companies today also announced the signing of definitive purchase agreements with institutional investors for the investment of approximately $18 million in the combined company through a PIPE and bridge financing. Upon closing of the business combination, the combined company will be named Nuvve Holding Corp. and is expected to remain listed on Nasdaq under the ticker symbol "NVVE". (prnewswire.com)
NBAC has a Market Capitalization of only 89.222M
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.
$BMRG approaching it's pivot point. Energy Storage PlayThis is a energy storage play. If you're looking into "green" stocks. I am currently up 10%.
Chargepoint (SBE): Potential Exponential Growth AnalysisChargePoint, an electric vehicle charging network, has struck a deal to merge with a SPAC (Special Purpose Acquisition Company), Switchback Energy Acquisition Corporation (SBE), with a market valuation of $2.4 billion.
In this analysis, I'll be going over the company's business model and financials, as well as technical analysis of the very short price action history we have available.
What is Chargepoint?
- Founded in 2007, ChargePoint has built one of the world’s leading electric vehicle (EV) charging networks
- The company delivers a fully integrated EV charging solution, with a comprehensive portfolio of hardware, software and services
- It recently received an enterprise value of $2.4b.
- Essentially, while companies like Tesla (TSLA) and Nio (NIO) compete for dominance in the EV market share, Chargepoint (SBE) offers the infrastructure necessary for all EVs.
Market Outlook
- EVs are projected to consist 9.9% of all new vehicles sold in 2025 and 29.2% in 2030 in the U.S. and Europe.
- The trend is definitely green, especially with Biden essentially having been elected as president recently.
- In the market of Network L2 Charging, Chargepoint takes up 73% of the market share, 7x more than its closest competitor.
- I always emphasize the importance of choosing the number 1 stock in the industry or field, and Checkpoint qualifies.
Financials
- Chargepoint demonstrated good revenue growth until this year
- It did $66m in 2017, $92m in 2018, and $147m in 2019.
- However, due to the Corona virus pandemic (Covid-19), the expected revenue for this year is at $135m.
- Nonetheless, the company has very bold goals as it seeks to reach a $2b revenue target by 2026.
- This would indicate a 40% compound growth rate per year over the next 6 years.
- While they are still at a net loss, Chargepoint is currently sitting on $648m of cash, so their cumulative net loss of $347m can easily be covered.
- By 2026, which is when the $2b revenue target is hit, we could see the company reach net profit
- Their gross margins have been deteriorating due to massive expansion and scalability of infrastructure around the world.
- However, it's important to understand that these are one time costs, and we could expect Chargepoint's gross margin to grow from 13% in 2019, to 42% by 2026.
Technical Analysis
- Because Chargepoint was listed through a SPAC recently, it does not have much price action data to be analyzed.
- Based on the hourly chart, we can see that prices are ranging in a slow uptrend, forming higher lows and higher highs
- It's trading within an ascending parallel channel, in an extremely choppy range
- There are currently three key levels of support on the hourly, formed through gaps
Summary
This company's fundamentals for the long term appears extremely solid. It has high growth potential, dominant market share, and is part of a megatrend industry of EV infrastructures. We would have to see whether the company delivers, according to their IR deck, but the overall outlook remains very bullish.
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I would also appreciate it if you could leave a comment below with some original insight.
PLUG Looks Technically Good but a Few Concerns AheadIn this chart we are using the Moving Average Delta (MAD). The MAD calculates the difference between the price and the moving average. Using these two data points helps us see price movements that are normally difficult to see.
The MAD may signal a trend change when the line begins to turn toward 0, the steep of the curve represents velocity of the movement.
Bull Cases
1) Our indicator is showing a trend change with velocity
2) We are in a zone the MAD has historically considered oversold and has reversed from
3) We have made a higher low while managing to appear steeply oversold on the MAD
4) Possible positive response from president
Bear Cases:
1) We established a megaphone pattern which concerns me.
2) Earnings are released Nov 5. and if they disappoint that could severely impact the integrity of our 5 month bull trend.
3) We don't have a lot of support beneath us.
4) Possible negative response from president
I'll let you make the decision which case looks stronger to you.
NASDAQ:PLUG
Indicator: Moving Average Delta Indicator by KIVANC fr3762
SPAC with a promising futureOn September 2nd FEAC announced their acquisition target of Skillz, a platform that enables esports tournaments on mobile apps. A product riding a few mega trends and being brought to market by the same partners who brought $DKNG to market in similar fashion. This looks to move upwards at break of the neckline, with first fib target above and second (not pictured) at 16.03.
"Skillz is pioneering the competitive mobile gaming experience, powering tournaments for thousands of game developers around the world, expanding and leading growth in the mobile gaming market. It is anticipated that in 2020, Skillz’s patented technology will power over two billion casual esports tournaments and facilitate $1.6 billion in paid entry fees for games hosted on its secure and proprietary platform."
Velodyne $VLDR stock was taken to the wood shed after IPOThe $GRAF SPAC had a very successfull run into the Velodyne IPO, but since investors have been having a hard time.
Can this exciting Lidar pureplay recover?
SPAC that could turn aroundSPAC for Desktop Metal which is a 3D printing company, should close in Q4. Long at the break of 11.02.
Pivotal Investment Corporation IIPivotal Investment Corporation II trend according to initial pattern
DPHC (RIDE)The more likely short-term scenario for Lordstown. More content coming to my youtube channel soon! RolledChange Trading
$DPHC - Merger news NEEDED to stay bullish Dphc is in a downward trend that can only be broken by good news. Next few days could be crucial to keep this pumping.
Currently holding 1100 shares.
SPAQHi all, this is my first time charting using technical analysis. SPAQ has been grinding the 50 day moving average hard and I personally think that we may fall below that average if we don't get any news this week... we have support at 11.56 worst case scenario, but we have several catalysts that could push us past 15.47. Please give me feed back any info that you think would be helpful in my learning. thank you
UTZ Chips love um CCHwell one more Spac. that i Like feel its a long term hold. like the BB bands consolidation also holding above MA.. this should IPO I imagine have a run into low 20's.. UTZ$ have 300 warrant looking to add a couple leap calls..
SPAQ - Leading up to October - Long and Bullish 1) Following technicals for the last couple weeks, I think we will see this follow the same path for another 1 week to 10 days with a gradual uptick to around $15 - $15.50
2) Will go through a phase of testing the $15 - $15.50 range and will form a bear flag for a period of around 1 week.
3) Price will retrace 50% of the trading range from the past 3 months to around $13.50
4) Merger and possible MEB news to drop with moves up to $17 before retracing to $15 and then moving up to $20.
Day estimates and $ figures above are give or take a few days or cents.
All of this is my own research, this is the first time i've had a go at technicals and publishing, please leave a comment. Thanks
INVESTING IDEA HYMCHycroft Mining Holding Corporation is a gold and silver producer operating the Hycroft Mine located in the world-class mining region of Northern Nevada. The Hycroft Mine features one of the largest gold and silver deposits in the world with a low-capital, low-cost process and a 34-year mine life.
hycroftmining . com/wp-content/uploads/Hycroft-Presentation-Sprott-July-2020-SMJ.pdf
$GRAF looks set to test main support/resistance zone Upon rumours that a law company is researching legal issues for $GRAF connected to the Velodyne merger, the stock is experiencing huge volatility in price, but when looking at volume it is clear that the stock is pulling back on significantly lower volume than was seen during the bullish move.
With a keen eye on risk management, the rest of this week could present very interesting buying opportunities in this exciting reverse merger stock.
