breakoutfakeout

Buy DCFC Tritium

Long
NASDAQ:DCFC   None
Lovely looking monthly chart here on this recent electric charging ipo on the nasdaq. The three monthly candles of Jan, Feb and March show a very nice bullish pattern.

Biden ramped the hell out of this one, when the management met him and he talked about it in his press conference right up to $20 in one day before profit takers stepped in. Nice one to buy at 8.8, hold and forget about for a few years. Expect this one to grow a lot.
Trade active:
Moving up nicely ahead of results tomorrow lets see what that brings, I'm expecting more upside though technicals may need to catch up short term
Comment:
Stock is reflective of overall bear market this year, long term holders should not be too concerned as revenue did actually increase last quarter. Short term plays should of taken a stop loss at the low of the three candle formation at 6.5. As with all long term plays have a 5-10 year horizon.

About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




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