$PTRA An Electric Dead Cat BounceOn August 7th, Proterra Inc. (NASDAQ: PTRA) filed for bankruptcy due to its inability to pay off its current liabilities. As a result, the stock fell 87% and could continue its fall over the coming days. That said, bankruptcy plays have proven to be extremely popular among traders which could see PT
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About PROTERRA INC
Proterra, Inc. engages in the design and manufacture of zero-emission electric transit vehicles. The firm is focused on providing end-to-end solutions that enable commercial vehicle electrification, with its electric vehicle technology. Its business lines include Proterra Powered, Proterra Transit, and Proterra Energy. The company was founded in July 2004 and is headquartered in Greer, SC.
PROTERRA Stock Chart Fibonacci Analysis 070323 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 1.27/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
PTRA - No Love For The EV Bus😿There wasn't much love for the little EV bus that had an enormous post earnings capitulation.
This looks like a massive over reaction and now for the first time ever PTRA is oversold on the weekly RSI and currently holding this area well.
PTRA had been trending in this long pitchfork and the downs
PTRA - Another Capitulation Wave DownPTRA
All the action is in EV today. PTRA down 10% already today in tandem with TSLA collapse.
This looked somewhat promising as it probed out of the pitchfork although the clue was that no other EVs were moving with it.
But after the 3 wave completion there were 2 shorting opportunities as it fel
PTRA - Pitchfork Breakout! 😲These EV's have been getting smashed up so bad but it may finally be time to consider an entry.
I've been tracking quite a few of these for some time and they've been long locked in these pitchfork channels.
This week PTRA will print a whole candle body outside of the pitchfork channel and that is
PTRA - Return of EVHaving being smashed to a pulp, a few EV names have been popping recently and here's one of them.
PTRA also pushed by earnings is having a pump and looking at the weekly RSI its fairly clear this is a breakout not a retracement.
Its bounced just further than a common fib overshoot.
So this looks
PTRA - Did I say $8.5 Sorry I Meant $6 In my previous PTRA I said it would get to $8.5 and we're nearly there.
However these very large bearish candles have showed and will show that there is another wave down at least before this trend is done.
Good chance weekly RSI will go oversold and we'll see where it is when price hits the 0.618
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Frequently Asked Questions
Delisting occurs when a security is removed from a stock exchange, either voluntarily or involuntarily. It happens for various reasons: some companies do it as they cease all operations, others opt for it as the result of bankruptcy. Among other reasons there are merging with another company, failing to meet listing requirements, or the transition to private ownership.
A stock's fate depends on the way the company delisted. If it delisted voluntarily, its shareholders typically receive cash as a buyout or corresponding shares in the acquiring company. However, when a company is forced to delist, shareholders have to either find a buyer on the exchange, or keep holding shares of an unlisted company.
PTRA reached its all-time high on Jan 19, 2021 with the price of 31.06 USD, and its all-time low was 0.06 USD and was reached on Aug 16, 2023. View more price dynamics on PTRA chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.