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GOEV trade ideas

GOEV reverses LongGOEV (Canoo) on a 240- minute chart shows an early reversal from a three wee trend down. The chop zone indicator shows the signa over the choppiness in the past few trading sessions. Prc rose from the support of the first lower anchored VWAP line I will take a long trade here targeting the recent pivots as shown on the chart with a stop loss set at the low pivot immediately to the left of current price. This is a potential 50% profit trade if profits are realized in equal thirds at the targets and the stop loss is advanced in regular increments to protect again a momentum fade.
NASDAQ:GOEVLong
by AwesomeAvani
GOEV -Canoo reverses while TSLA slumps into earnings LONGGOEV was in the $ 4.50 to $5.50 range 1-2 months ago and on the 60 minute chart appears to be in a round bottom or doble bottom reversal concurrently with TSLA continuing to fall on the expectation of an earnings miss. GOEV's last earnings was a beat. It burned about half the cash that the analysts forecasted. The relative trend index indicator suggests a trend up is developing. A red flag is that volume is at or below the running mean. My plan is to watch GOEV for a rise in trading volumes before entertaining a long trade here. The Price Volume product Trend is helpful in that regard. While it currently has a positive slope it is minimal. I will watch for something a bit steeper. I am expecting the Price Momentum Oscillator will soon cross the horizontal zero and provide another entry signal.
NASDAQ:GOEVLong
by AwesomeAvani
1
GOEV Canoo Straps on the turbo chargersGOEV Canoo Straps on the turbochargers and heads upstream. People Love this ugly and very functional vehicle. Will Canoo be able to fulfill orders and send them out the door in a timely fashion is the question. I do admire the drive for perfection and it looks to be built in, all bases covered. This is a story of perfection versus hey just release the ugly already. This is a much-needed vehicle and the faster it can hit the market the better. Last mile delivery is suffering waiting on this vehicle. Don`t miss the Canoo bus! 1yr $30.00 2nd yr 60.00 3rd $90.00 who knows after that. Hey, Tony let`s get this vehicle featured in COD ASAP.
NASDAQ:GOEVLong
by SHakeTheTinCan
Binary: either a car for Apple or, more likely, bankruptcy?I really like their cars for some reason, especially the truck. Problem is the company is likely going bankrupt. So, if Canoo's management were smart they should have gotten in touch with Apple to say 'We've got a car for you. Stop futzing around trying to create your own and instead spend some petty cash to buy us!'. The weekly buy divergence is very strong which is really its only attractive feature. Volume suggests it may be in accumulation but that also could mean 'by bag-holders'. The stock is an option without expiry - except if it declares bankruptcy, which seems very likely. Treat it as such.
NASDAQ:GOEVLong
by gkm
GOEV a niche EV manufacturer LONGGOEV does not compete with TSLA. It makes special use electric vehicles including a NASA contract apparently for vehicles to be used upon the return to moon exploration. As a penny stock, GEOV has weak fundamentals coupled with high trader and investor interest. Large capital institutions have a predominant portion of the shares. On the 15 minute chart. GOEV trended up from July 14th to Ju;y 19th and then down to about the same price as before then trend. This was a range of 50% demonstrating the typical high volatility of penny stocks. Based on a set of anchored VWAP bands originating in mid- April, GOEV is currently near the mean long multi-session VWAP. Since many shares are held by institutions this is a price level where trading volume and volatility are expected. I will take a long trade here. The stop loss is the recent swing low at $0.59 with a target at $0.737 just below the POC line of the related volume profile from an entry-by-limit order at $0.613 making for a projected profit of 20% with a much lower risk. For chartists who follow chart patterns, in the interval under analysis, GOEV fell from a head and shoulders pattern. My target is the neckline of that pattern. GOEV benefits from the general interest and trading volumes in the EV sector at large as well as its niche with little competition.
NASDAQ:GOEVLong
by AwesomeAvani
2
GOEV pulled back and is re-entry ready LONGGOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled back for two day before a huge momentous move up on Friday July 7th. where it moved from the support of the mean VWAPs anchored in mid June into overbought territory two standard deviations above that level. On Monday July 10, price dropped precipitiously back to those mean anchored VWAPs. The past day was marked by sideways consolidation. The volume profile shows the heaviest trading volume at just below the VWAPs which is cross-validating. The Chris Moody MTF RSI indicator shows the lower TF RSI in the past day has crossed above 50 and now at 60 meeting the higher TF RSI. The zero-lag MACD has the lines crossing over the zero horizontal line and parallel suggesting a bullish continuation. Overall, I see a long trade setup with possible significant price movement anticipated perhaps in the range of 20% targeting the pivot high last Friday.
NASDAQ:GOEVLong
by AwesomeAvani
GEOV a penny stock in the rising EV SectorAs shown on the 1H chart, GOEV printed a head and shoulder pattern June 16 to 19 and then trended down consistent with that pattern. The trend was supported by the 2nd VWAP line under the mean in a VWAP anchored at the beginning of the descent. H & S. The volume volume profile shows that trading volume is distributed widely across a big range of prices showing high volatility. Price has trended through a round bottom reversal. I see the likely scenario as price crossing the mean VWAP and ascending toward the horizontal resistance of the neckline of the H & S. I will take this long trade with a potential upside of nearly 50 % (0.47 to target of 0.69). As an aside, the EV sector is general is on the heat map. I have uploaded ideas on FSR NKLA WKHS and PLUG (LCID NIO and TSLA are of interest.)
NASDAQ:GOEVLong
by AwesomeAvani
GOEV PUMP Blessing or CurseHISTORY REPEATS ITSELF Im approaching this from a purely technical perspective The good news seems to have caused an overbought scenario which has resulted in the formation of a clean divergence in price if more hype neutralises this divergence well good for them but for now its not looking so good from expirience startup stocks that tank this far are screwed coz any pumps help/tempt earlier hopeful investors to cut their losses and the victims of this act the FUD power to pull out resulting in talented individuals going their ways also it failed to break my resistance in orange so meh what do you think ? what durable competitive advantage do they possess in the long run to give benz ford tesla...everyone a run for their money and market cap FUD Fear Uncertainty Doubt SENNA SEASON
NASDAQ:GOEVShort
by Bekiumuzi_Dube
2
GOEV | EVs Oversold | Nice ReturnCanoo Inc., a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles. The company serves to small businesses, independent contractors, tradespeople, utilities, and service technicians. Canoo Inc. was founded in 2017 and is headquartered in Torrance, California.
NASDAQ:GOEVLong
by DivergenceSeeker
GOEV - Another One For The Rekt BucketAfter some Walmart hype that pumped GOEV it now looks ready to come back down and continue the bear market. Fell blow 20MA and now the more important 50MA + a big gap down from the hype pump. This is an easy short BUT because it is low in trend it is imo for defined risk only and so I have bought ATM Jan 2023 puts. Not LEAP because I think there will be a significant selling climax sooner and so no need to overload the extrinsic cost. It may re-test the 20MA - who knows but this should be an easy short I think. Not advice.
NASDAQ:GOEVShort
by dRends35
1
Canoo Overbought and Dropping. GOEVWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NASDAQ:GOEVShort
by Rykin_Capital