GOEV Currently At Buy Zone With Excellent Reward/Risk of 11.43 To First PT.
I'm Still Bearish Over The Long Term On The Markets, But A Bear Market Rally Would Not Surprise Me Here. And A Good Setup Is A Good Setup. Stop Loss Is Essential So Risk Is Minimal. If S&P Holds Here, This Stock Should Move. I don't normally place my stops outside of a previous candle wick, but this entry and r/r is too good to not take this trade here.
I'm Still Bearish Over The Long Term On The Markets, But A Bear Market Rally Would Not Surprise Me Here. And A Good Setup Is A Good Setup. Stop Loss Is Essential So Risk Is Minimal. If S&P Holds Here, This Stock Should Move. I don't normally place my stops outside of a previous candle wick, but this entry and r/r is too good to not take this trade here.