GOEV trade ideas
Where is this CANOO goingIt looks like people are selling off this EV for now after a substantial 100% increase in Dec.
According to Fib, it is 15.80 and 15 USD lines of supports. I have an inclination for 15, because according to VI lines it is not over yet, expect some smaller drops to come. BTW many EV are down right now...
FYI, I love the concept of CANOO from Los Angeles. I sold 60% of my TOT at 20 from 12, and waiting for 16 to jump back in.
So be patience and be grateful for your gains folks.
Let me know what's your thought, happy new year!
GOEV Support Level$GOEV seems to be holding pretty well above the $14 support level. With the craze for EV and Canoo providing eye-catching solutions in the EV world, this might soon start going up again. A possible swing trade will be around $14ish with a stop loss at around $13.70ish and a take profit at around $20 - $24. Once it reaches this level, look for strong catalyst and volume to keep going for new highs.
GOEV - reversalLooks like big reversal is coming.
Strong support level at 14.50
Hot sector: EV
Big accumulation volume
GOEV to Retrace before going to the MoonAs you can see the long term support trendline and the .382 Fib line up about 10% below where it currently is. Once that are is reached, look for bullish candlesticks to get in before this launches to ne ATH.
*This is just an opinion and is not financial advice*
