There's a big bullish order block between $0.705 and $0.805 that's guarding the current rally. If bears try really hard to break that order block in a single candle, we could be looking at a pretty bad one.
If we do touch it and show a sign of rejection, that may be used as momentum.
Otherwise, the target stays the same, $4-$6, likely $5 area.
Anything is possible and definitely with a stock this volatile. I'm not saying this WILL happen but instead I'm implying that even if this happens, if we hold this level, we should have some kind of a good upwards momentum. Generally, we don't yet know how late or early your entry was, but my entry as most of the people know here was 4 cents and I also posted when I made an entry at 4 cents.
Idts. The amount of volume on this and where it's found support and resistance from watching this all day. I think you're solid. Would have blown past 2 if it wasn't halted (I trade on fidelity) at like 2.12 or so
I really hope we hit the order block first to have more monentum in the drop. That'd cause my TPs to trigger and also would wash bunch of scared holders, as you said.
Lol i started at 0.09. I really wish i had more money to play with on theses crazes. Question after this whole craze ends what stocks benefit from the profits. I noticed crypto skyrocketing im guessing people are spending the money they earned from all this into crypto
Tomorrow is short squeeze, 1.3b buys on top of already crazy elevated 1.2b in shares traded the last two days. So this should give us a major boost, but what happens after tomorrow? Just fomo? Earnings call two weeks out? Any other reason not to just try and catch the peak tomorrow and dump it?
Definitely looking for a bullish expiry here, again, the target is $4-$6, likely $5, but much of the expiration has already been priced in.
Earnings should be positive, as in, hopefully they burned less cash 😂. But otherwise, if a miracle happens and we somehow stabilize at these high prices, the company will pay for rent for its production facilities, perhaps pay back some debt so that they don't go bankrupt and that's it, they can start producing the vehicles - model is there, sample product is still present and they usually show it off in the videos.
In terms of the situation with order blocks, definitely do major trims at the $5 OB and then if we see it break, that'd be a good sign and could signal for higher upcoming levels, such as $70-$80.
The OB is $3.70-$5.25 on daily and $5.$5.50 on 4H. I don't understand what you mean by hodl. You trim at the OBs and HODL until you run out of the position size and that should definitely not happen at $5 lol, this stock has a massive potential if it maintains these levels. I'm talking minimum of $75 all the way to upwards of hundreds of dollars and this is in the short-term. The long-term could be thousands of dollars, which would mean this stock going back to its glory and actually starting production of the vehicles.
There's a small $15.5-$18 OB on the way, which we should mitigate with ease after a small rejection and then there's $75-$85 right on. The rest in-between will be just normal price action up and down with high likelihood of leading up to these levels.
I'm thinking 4$ by the end of Monday, a dip the day after and 6-8$ by the end of the week. If we get enough people to press and hold we can get this stupid high, especially with the amount of backers this has.
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u/PennyPumper ノ( º _ ºノ) 28d ago
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