SOLO 11/23/2020

2020年11月24日

SOLO touched $13.60 last week
SOLO couldn't hold the $11 we saw a sell off failed to hold $10, $9.50 held as a support before we retested $10 level as a confirmed support.

RSI on the 15 is Overbought
RSI on the hourly is Oversold
RSI on the daily is Overbought


If we break above $10.30 we open a long back to retest $11

We saw a correction during market opening today due to a catalyst

ElectraMeccanica Vehicles (NASDAQ:SOLO) files 200M mixed securities shelf offering.
The filing gives the company the right to offer a mix of preferred stock, common stock, warrants and units.
Net proceeds will be used for sales and marketing expenditures, capital expenditures, product development expenditures, operational expenditures and working capital for general corporate and administrative purposes.
Shares of SOLO are down 2.5% in premarket trading.

SOLO low today $9.26
SOLO high $11.44

Scenario A: SOLO see's a huge rally tomorrow holding the $10 support and retest the $11 resistance

Scenario B: SOLO fail's to hold the $10 level, We can revisit $8 as the Daily RSI way overbought

2020年11月24日

註釋

Scenario B: played out as we saw a huge sell off back to $8

2020年11月24日

註釋

SOLO currently trying to test $9

2020年11月24日

註釋

Solo trying to close above $9 today we saw a $7.61 low today