7/9/25 - $sldp - Pass.7/9/25 :: VROCKSTAR :: NASDAQ:SLDP
Pass.
- this thing just has kinda weak energy top line growth
- maybe that changes
- burns cash (which is "fine" - big quotes - if there's some real lift off on growth, which there's NOT)
- my impression (change my mind) is this co got listed to create bag holders for the bag holders
- not going to look at it much more closely tn given it's getting late and i need to get thru a few more of these
- but high net cash is good - they won't be dunking on the market
- i just think the stonk px performance reflects the high-beta-high-meme sector (and there are honestly some good reasons some of the stocks worked)... but idk if i'd be paying up for this one
- sidelines.
V
SLDP trade ideas
SLDP | Powering to Move Up | LONGSolid Power, Inc. focuses on the development and commercialization of all-solid-state battery cells and solid electrolyte materials for the battery-powered electric vehicle market in the United States. The company was founded in 2011 and is headquartered in Louisville, Colorado.
$SLDP - Mini descending wedge breakout watchSolid power showed strong bounce from .618 fib extension area. The MACD bullish cross is about to happen and looks like it might break out of the descending wedge.
If the price break above $9 it could reach to $11.
Target 1 - $9.50
Target 2 - $11
Risk - rejection from $9 and retrace back to $7
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.