Perhaps next week!
huge soaring is coming.. 10$+
Since late December, CBAT has had three great pushes up with a slight pullback. Each one with a higher high. This next attempt will run up to earnings on 2/15. I have PT of $11.
Just made an entry on this today, looked solid
On watch for a bounce if the market opens strong on Monday the 1st. CBAT will benefit greatly from the EV and clean energy transition long term. Alert Set at 8.00 to enter long for a 2:1 risk with long calls.
Looks like CBAT has finally bottomed out and found support at its old resistance at 7. If you look at the Daily, it looks like it follows a certain pattern Hopefully it can rides back to 9. Traffic Light battery FTW
Buy above 7.5 Revenue acceleration increasing every quarter and likely to continue for most of the year. Lithium ion batteries are currently the best price to performance ratio batteries we can have until things like graphene batteries become more advanced or something else. With lots of interest this year in EVs and clean energy, Lithium ion battery is necessary...
So we have been all following CBAT for a while now, since the last ATH, 11 USD when EVs were hot, it dropped ca. 50%, we can clearly see a 5 waves formation. And now it is the 5TH, the last one and in theory, the biggest. If anything goes well, I think we might see 11 for the final 5th wave, and potentially to 14 if fomo. Hopefully I am right, God-bless us all!
So maybe it is just my wishful thinking but I think EVs are back. As far as CBAT, it is slower than NIO, XPENG, LI, but it follows. So I fully expect / hope it would go to 9 OR 10 very soon. It should touche 12 in theory...
CBAT is currently getting ready to break out of this bullish wedge pattern. This is the same pattern that I mentioned with PLTR and look how well that turned out. Stay in this one, or grab a position here before lift off.
Bought CBAT just now. The EV stocks are taking off again. Get on board.
EV play - chart is primed for a run. $16 PT (Height of flag and 1.618 fib level) - it may spike monday morning then pull back but it should run this week.
Energy theme this week, bounced off 20 ema and respected the 2021 ascending support. Closed bullish right at the the top end of the wedge. Breakout underway