THBR SPAC Semiconductor merging with Indie THBR is merging with semiconductor company called INDIE semiconductor. New ticker will be INDI.
This is for entertainment. Do your own due diligence. This is not a recommendation. I am not a financial advisor.
Price needs to be above $11 and break the trend line for fun to begin. Hopefully!
CNBC already covered this stock once
Bloomberg, Marketwatch etc.. could be the next.
Catalysts:
1. They make semiconductors for cars
2. Shortage of semiconductors
3. Biden pushing semiconductors' CEO's to meet the demand
4. They(INDI) already have product in the market, not like any other SPAC(with no product out yet)
5. Demand expected to be high in the future and analyst have price target for $17 already.
6. Merger date expected in few weeks or days.
7. If merger happens in few weeks or days, this will overlap with earnings of AMD and NVDA, which could hype semiconductors even more.
8. RSI is lower in number and reversal is likely.
QS and Ehang went above $100 with their SPAC deals, can THBR do the same and become a $80-$135 stock in few days/week? No one knows.
We need this quote- "SPAC is BACK"
