2

Ree Automotive Ltd sees trend conditions change to “Go”.  GoNoGo Oscillator has been flirting with breaking resistance at the zero line for some time and it has done so on heavy volume.  In the price panel, GoNoGo Trend was unable to maintain “NoGo” bars first painting a few amber “Go Fish” bars, indicating that there was no recognizable direction, and now on the current bar, the first of the “Go” colors.  This coincides with GoNoGo Oscillator finding support at the zero line telling us that momentum is in the direction of the new “Go” trend.  There is some resistance in the form of overhead supply at these levels around $4.30 but if price can consolidate and GoNoGo Oscillator stays above zero then we could target $5.30 and then $6.30. A stop could be placed at pattern support around $3.80 or if GoNoGo Oscillator breaks back below zero.