Sold my $MP shares today for a sweet +30% return. Good job to those who followed my call.
My Next play is $NGA with a minimum price target of +$35.
Some of my reasons include:
- Merger / Ticker change is coming up within the next ~4 weeks.
- Finished the bottom of the W pattern with a similar low
- Bounced near the 50MA with a BULLISH ENGFULING pattern
- It's an EV company with ACTUAL SALES and not like some others who don't have any with just vehicles that roll down the hill.. (hello $NKLA š)
- Huge order from $AMZN with up to 2,500Lion 6 and Lion 8 electric trucks. until 2025.
- Amazon also has the option to purchase upwards of 19.98 percent of the company through shares and warrants, if they purchase $1.1 billion worth of products.
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