Feb.16, short seller Wolfpack Research releases fraudulent hit piece, tanking the SP a whopping 62.69%!
EHang Responds to "Deceptive Wolfpack Research Report" the same day.
We've seen this before time and time again, with TSLA, PLTR, NIO, AMD and countless others... I was interested in this company before, but with a 60% sale, I can no longer remain on the sidelines.
FA:
- Best in class leader of a new industry: autonomous air mobility. In short, they make aerial drones.
- They are the ONLY manufacturer, driver, regulator, air infrastructure builder, mechanic and more of this new industry. I am very bullish on the Smart Cities sector that is soon to be, and this is a core play within this space.
- They have a potential tech monopoly on the urban air traffic control in smart cities, with their first mover advantage.
Key points:
- The most patents of any autonomous aerial company (147).
- Current director is CEO of DHL Express China.
- Already have regulatory breakthroughs in China, Austria, Canada, and South Korea.
- Part of projects in Europe.
- Developing an air ambulance.
TA:
- After a 62.69% selloff, SP is sitting at 0.382 Fib level! Doesn't get much lower.
- Catching knives is not recommended, but I think this selloff was overdone.
Verdict:
- EH did run very hot indeed, but that said, this is a leader in a new industry... I cannot say no to these prices. This reminds me of NIO, but even better.
- I don't know why anybody takes these short sellers seriously anymore.
Strategy:
- There is potential to swing lower, no obvious stop losses, and prepare to add to position.
- Buy zone: 38-56
- SL: 22
- TP1: 94
- TP2: 134
- RRR: 2.18
- EOY PT: 205
EHang Responds to "Deceptive Wolfpack Research Report" the same day.
We've seen this before time and time again, with TSLA, PLTR, NIO, AMD and countless others... I was interested in this company before, but with a 60% sale, I can no longer remain on the sidelines.
FA:
- Best in class leader of a new industry: autonomous air mobility. In short, they make aerial drones.
- They are the ONLY manufacturer, driver, regulator, air infrastructure builder, mechanic and more of this new industry. I am very bullish on the Smart Cities sector that is soon to be, and this is a core play within this space.
- They have a potential tech monopoly on the urban air traffic control in smart cities, with their first mover advantage.
Key points:
- The most patents of any autonomous aerial company (147).
- Current director is CEO of DHL Express China.
- Already have regulatory breakthroughs in China, Austria, Canada, and South Korea.
- Part of projects in Europe.
- Developing an air ambulance.
TA:
- After a 62.69% selloff, SP is sitting at 0.382 Fib level! Doesn't get much lower.
- Catching knives is not recommended, but I think this selloff was overdone.
Verdict:
- EH did run very hot indeed, but that said, this is a leader in a new industry... I cannot say no to these prices. This reminds me of NIO, but even better.
- I don't know why anybody takes these short sellers seriously anymore.
Strategy:
- There is potential to swing lower, no obvious stop losses, and prepare to add to position.
- Buy zone: 38-56
- SL: 22
- TP1: 94
- TP2: 134
- RRR: 2.18
- EOY PT: 205
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.