$GP Waiting for resistance trendline to be brokenNASDAQ:GP Waiting for the resistance trendline to be broken
GP trade ideas
GreenPower Motor Swing IdeaGreenPower Motor appears to be in a reversal from a strong support at $5.
Reviewing the weekly chart, you can find upcoming resistance levels.
Good Balance Sheet in a hot sector.
Entry target: $8.23
Exit target: $9.61 (adjust accordingly with price action)
~14% swing idea.
Using $8 level as risk management if entry target hits.
$GP - Inv SHS Opportunity.GreenPower Motor Co., Inc. engages in designing, manufacturing, and distributing electric powered vehicles for commercial markets.
It offers electric-powered school buses, vans, charter buses, and double-deckers.
The company was founded by Fraser Atkinson and Phillip W. Oldridge on March 30, 2010, and is headquartered in Vancouver, Canada.
Stabilizing above 20$ is essentially required.
Main support - 18$.
I do not recommend buy or sell GP stocks.
$GPV.V and $GPV BreakOut Idea Related to the EV momentum growing1: Commercial EV Maker ( EV industry is strong and full of momentum)
2: Stage 1: Trendline flatten from 2015 to Jun 2020
3: stage 2: 20MV crossing 50MV and line from flatten to trend upward and big volume up
4: Forming TRUE cup with handle
TRUE Conditions:
volume support for the base of
the cup @ point A ;
the wedge down handle
formed @ point B
5: tight area/tight 7 weeks/ consolidation (support: volume dry-up)
6: AWAITING VOLUME BREAK OUT @ tight area; it will be a buy point
7: stop loss will be the lowest price of the break out day/ the base of tight area
It is my first idea to publish. Welcome to comment below.
GP BullishNice cup and handle on GP on weekly and daily charts.
Any dip close to EMS's is a buy.
Target $40
GPKeep an eye on GreenPower Motor Company Inc (NASDAQ:GP) The stock looks poised to break out and run higher. Good long setup if the stock takes out the 34.45 level on volume.
GP (Was GPVRF in the OTC Markets)This thing went from $0.1x to $1 not too long ago in the OTC Markets and then I believe had a reverse split, not that it shouldn't have appreciated but I think it will come back down and I bet the ascending triangle will play out before everyone is driving an electric vehicle... Can you stay solvent longer than the market can stay irrational? I guess we will see if this particular idea can.
Pattern update Posted a chart about this stock a couple a weeks back (Link below).. here's a close up break down of the cup and handle formation needed to now push it through the symmetrical triangle. this triangle has been forming for 5 months so the breakout should be huge. Note the last candlestick is sitting right on weekly support line (Whiteline). I'm closing my positions if support line doesn't hold or if drops below 29$
Red shade area : Cup
yellow area :Handle
Purple line inside yellow area : Resistance/Double bottom breakout
White lines : Symmetrical triangle lines
GP TARGET TO 37$?if this stock go bullish i belive we see breake out from "Cup and Handle" and reach 35-37 area
if go bearish mabye back to trend line
this is my opinion
Pennant, cuphandle , Etc🚀This stock is really looking like it's ready to blow. The pennant is huge, but what's inside it it is a text book cup and handle (Yellow box). Targets are greenlines
GP Long IdeaBuying GP here, the EV market is just making crazy gains. This one looks ready to go. Price above the supporting moving averages.
Next leg up ?After my previous post this broke out of a wedge after a great earnings report, and more orders coming in leading to a run up of over 200%. Part of that is attributed to the EV hype ,breakout fo wedge , so the market got carried away leading to a 50% correction again.
I think this is a temporary bottom for the next leg up, because if you ask your self where the company is from late august when the did the private placements to raise money and also after a successful earnings and the ceo buying shares from 1.255-15 then imo the only thing you can really conclude is that they are at a much better spot than where they were late august despite having lower share prices. This gives me some confidence that the bottom is in for the next major higher low in this company.
Zooming in we can see, where I circled a ton of volume on one area during this sell off and one person bought 18,921 shares at the 22 area ! Big sign of institution wanting in.
Ta wise we have a MACD kiss, SMI cross over and it perhaps may be on the cusp of breaking out of this flag/wedge
Greenpower $GP - investment idea 💡 This entry and SL is based on my technical analysis only.
Do your research and trade on your own risk!
GPV: Ascending TriangleBullish Pennant
Pros:
Descending Volume during Formation
RS climbing and above 0
PPS above 50MA and 200MA
250RSI above 50
ATR Ascending
200MA ascending
R/R Ratio above 7
If confirmed, Target price:
PT = 65.91$
primed to moon in this wedgeGPV is an interesting EV company as their focus is more towards busses which can be huge as. they the world seems to be moving towards EV and the market cap is interesting.
Based on the hourly believe it just had a bearish gap retest and may head back down towards the bottom trendline giving us a chance to buy some share for cheap. This is incredibly volatile so I would only go in if you plan to hold this.
If we can a bullish divergence that would be a sweet spot to enter .
maybe this is a better wedge
GP - no brainer breakoutGP breaking out from a big wedge pattern.
Hot industry: electric vehicles
Accumulation volume
Not oversold
Elliott Waves - trying to ID this correction pattern.I’m trying to figure what kind of correction pattern is forming here. If the tip of correction wave B was Sept 11, then it would be too low to form a flat (right?). Correct me if i’m wrong but a descending triangle should manifest in a downtrend, not an uptrend (unless perhaps the uptrend has reversed?). Or maybe its the begining of a zigzag pattern as drawn above?
I appreciate all comments/ideas to help figure it out.
Thanks
