$GOEV - Canoo is currently in stage 1 bottoming process. A break above $8.50 would mean a break out from symmetrical triangle and the price could reach $12.88.
It could also kick start the Stage 2 up trend.
Target 1 - 8.50
Target 2 - 12.88
Target 3 - $15
Risk - failure to break out above 8.50 to 9.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
It could also kick start the Stage 2 up trend.
Target 1 - 8.50
Target 2 - 12.88
Target 3 - $15
Risk - failure to break out above 8.50 to 9.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.