Romeo Power (RMO)

[Dan321]

I got the 20dma @ 22.47. Stock is consolidating right around that area after hours. I am no Nostradamus, but this should reverse trend next year/ week. The last 3 pullbacks, including this one, a straight trend line can be drawn off the bottoms. And one of the bottoms is the 20ma. That creates an up trend. The other 2 times it broke the previous high. Looking for the same here to over .40. And over sold, as stated before. Combined with fundamentals, looking for pps increase next week. The only X factor I know of is the 20% offering that was in a news release. This is my, and mine only, take on what might happen. To sum up, do you think any institutional buying will occur in the future, if it hasn’t already. Would love your perspective on my take on things. Happy New YEAR to all!