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If you are looking for a good medium to long term hold that could 3x your investment in the next 5 years, consider RMO.
Yes, it's in a down trending channel.
Next support is close to $14 and note that by March they are redeeming all their warrants, so it is in the companies interest to not see the price skyrocket, in order to attract long term investors.
For a swing trade: enter in the $14-15 range, with SL at $12.
Profit target 1 $18
Profit target 2 $23
My personal strategy (long term): entering now at 15.2. Will dollar cost if dips to 12.
Why I like it: company is growing (lot of new hires). Their tech is a market leader in EV batteries space, with a few clients in discussion. Google "Romeo Power Thermal Management System" and you'll see why they're considered to be ahead of most new entrants in the space.
Good luck!
Yes, it's in a down trending channel.
Next support is close to $14 and note that by March they are redeeming all their warrants, so it is in the companies interest to not see the price skyrocket, in order to attract long term investors.
For a swing trade: enter in the $14-15 range, with SL at $12.
Profit target 1 $18
Profit target 2 $23
My personal strategy (long term): entering now at 15.2. Will dollar cost if dips to 12.
Why I like it: company is growing (lot of new hires). Their tech is a market leader in EV batteries space, with a few clients in discussion. Google "Romeo Power Thermal Management System" and you'll see why they're considered to be ahead of most new entrants in the space.
Good luck!
Trade ist aktiv
Validated the bounce perfectly at $14 range. Hopefully (for anyone in the swing play) this will continue to hold as a strong support. Still very bullish seeing the stock's movement.
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