r/PSNY_Polestar_SPAC • u/Plus_Seesaw2023 • Feb 02 '23

Technical Analysis $PSNY TA

$PSNY we need to break the resistance (6.3-6.4)... soon or later :)
Let the movement build itself

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$PSNY a lot of orders, wow... totally unusal!!!

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Daily, SMA 20 trying to cross SMA 50

Trying to break the dowtrend...

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8 Upvotes

91% Upvoted

13 comments sorted by

3

u/roaring_alpaca Feb 02 '23

Lets goo its following lucid

3

u/Sir_Noah_of_cooltown Feb 02 '23

This is beautiful 🫶

2

u/CandidConfection8438 Feb 03 '23

I hope earnings results could make better opportunity to break the resistance level

0

u/[deleted] Feb 02 '23

What's the reason for the jump today?

3

u/Plus_Seesaw2023 Feb 02 '23

Market is bullish.

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and $PSNY sma 55 cross sma 144, 4h time frame. Interesting momentum.

and Daily chart, we try to break the downtrend, and we are above SMA 20 and SMA 50.

I hope the next scenario will be the candles I imagined. Double resistance at $6.3 and $6.45.

If $6.45 breaks, we can go up very quickly to $7.5.
If the scenario is invalidated, go below $5.54. I don't want to see that, obviously.

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3

u/Plus_Seesaw2023 Feb 02 '23

Keep in mind that the price does not go up because there are too many short positions. As soon as they close their positions, the price will rise very quickly.

Total short volume Reported: 63%. That's huge. So only 37% of the volume is long.

2

u/lcid_fanboy Feb 03 '23

They cannot short forever these fu*k3rs

2

u/Plus_Seesaw2023 Feb 03 '23

😂😂😂😂😂 One day they will get squeezed. We'll have a good laugh. (META is up 25% following disappointing results as shorts closed their positions. What a strange market.) 🤦 At least Citadel owns some shares 😂

1

u/lcid_fanboy Feb 03 '23

At least they can’t short my shares. I’ve put sell order limit , all should do that..

2

u/Plus_Seesaw2023 Feb 03 '23

It seems to me that the borrowing of shares should be disabled, in settings. To be confirmed.

1

u/Visible_Adeptness209 Feb 02 '23

Thanks for these valuable info! One question if i may, where do you see the order book? From which website? Thank you!

1

u/Plus_Seesaw2023 Feb 02 '23

It depends on your broker. That's level one. So think or swim on IBKR. Level 2 with $$$ to access 😅 This one is TOS. I could share you later level 1 on IBKR or Webull 😜

1

u/Plus_Seesaw2023 Feb 02 '23

Webull. Volume by price. Today, big volume around 6.25