REE Automotive has been in a downtrend for a while. VERY LOW RSI. Initial vehicles produced and certified by EOY. Massive market with a revolutionary technology. Low total cost of ownership and expected EBITDA positive by 2025. NASDAQ:TSLA , NYSE:F , $GM. This is my own opinion, and you should not take this as financial advice. Own your own trades.
I know very little about this company. What I do like is the price action and pattern I am seeing. I have seen this giant broadening pattern many times over the last few years and they are extremely powerful. However, they are not easy to trade. The descending nature of the lower trendline make it difficult to catch a bottom. What I prefer to do is use...
XL Fleet will be collaborating to make electric garbage trucks for Waste Management, Inc.
- if they can secure exclusive rights, it'll create such a moat that other competitors won't be able to compete.
- great unique selling proposition.
Technicals:
- BUY signal with 8 confirmations (modified golden cross, volume, FIBO retracement).
Happy Trading, from CJ --...
