GreenPower Motor Swing Idea

GreenPower 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.

تعليق:

I personally had bad entry execution on this trade.

Was able to swing for ~7% profit.

Previous resistance is acting as support at (~$8)

Daily bull flag formed. Will need good market conditions and volume for breakout imo.

Strong 200 week ema resistance at $9.61.

Will consider another entry above $9.61 for $12 target.

This will return to $5 if it falls below $8 imo.

Cheers