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Friday, January 15, 2021 4:36:46 AM
3 trade channels have developed based on yesterdays action. With this being in the EV sector now and growing public awareness, I have a hard time believing that we will follow in the horizontal channel for much longer.
Only 3 factors that I have found could potentially explain yesterdays horizontal trading.
1. PR firm is paid in shares
2. Execs are paid in shares
3. Profit taking from being up 90% since the new channel began.
For those that bought shares yesterday in the first hour of trading, such as myself, I am still seeing a bullish pattern based on yesterdays action with plenty of upside potential near future to get us back into the previous trading zones. High probability of a gap up near term putting us into the +3$ range
All posts, messages and private conversations are made from personal opinion. They are not a recommendation to buy, sell or trade shares, options or any financial securities or instruments.
Investing in securities is speculative and carries a high degr
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