Longterm trade - With Covid slowly fading and schools getting back to normal, Biden Admiinsteration, and electric buses, Bird right now is one of the major Bus manufacturers that are already manufacturing electric buses and selling them. Both fundemental and technical analysis.
This ticker is volatile af, but I cant deny that these areas are extremely high value and low risk. 1-3 month long long for me.
Pretty disappointing action, lower high same/lower lows, pretty obvious descending triangle. Measure move would be around $12
Extremely low-risk area for long positions, first profit taking area is at $24, then $29
RSI is pretty beat up with the 4-Hr RSI being the lowest since February. Major resistance at 7400, break that you will see a smooth sail to 8000. If it fails to break it, next major support is at 6800.
Confirmation would be at 14.77. If the double bottom is confirmed, the measure move would be around $16.
I personally really liked the truck, its edgy (literally) and can handle quite a punch. Its really the future of trucks, I feel like its out of a Blade Runner movie.
In one hand, its seems like its in an ascending wedge; accumulation is occurring more. However, a clear triple top can be seen, and bearish MACD divergence is clearly seen. 297 seems like a great value/low-risk area, but if a triple top is confirmed, we could see it dip to 270.
Hourly oversold conditions with bullish MACD divergence, could see a nice bounce tomorrow or after, but overall I think QCOM will go to mid LOW 80s.
Im saying "potential" cause I am waiting for another touch of the bottom trendline support
GME had a great run, but it’s time for a correction, it Broke out of the bullish uptrend.
Bearish reversal signal confirmed, measure move of the falling peaks is filling the gap.