Technical Perspective: 1. Stoch's show a bottom. 2. Descending Wedge/Consolidation, typical before price mark-up. 3. Price target derived by measuring the first wave up and applying it to a hypothetical breakout from current descending wedge.
Fundamental perspective: Will the earnings call produce anything on the chart? Opinion: The call will likely bring some teasing news, also has the potential to scare new investors with some realistic forecasts.
Will the PR week near the end of June produce anything on the chart? Opinion: Possible to produce some sharply positive results with a hangover, positive results likely to be short-lived because production doesn't start until September
NEW AND LOUD COMPETITION FROM FORD IS A CONSTANT RISK TO SHARE PRICE APPRECIATION IN THE NEAR TERM.
****************************************************************************************************************************************** called the recent $7 low s3.tradingview.com/snapshots/a/A1PmSNXW.png
Earnings call teases plenty of good info and balanced with some realistic forecasts, also clarifying that they have no debt and will hit production goals, even without extra loans.
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as shown, the wedge is broken but support and resistance of the consolidation are mapped out and triggers for entry are set.
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looking good so far.
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The short term bullflag is broken. I am still holding a large position, writing a mix of weekly and long term calls.
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while the bullflag is looking like it may still have some gas, I am not counting on it to deliver but, still pretty cool.
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