Long
Breakout on Battery Production News

Positive divergence can be seen on a yearly basis with MACD leveling out crossing into positive territory.
SP appears to have formed a double bottom and is currently breaking out from a narrower down trend.
Currently, the SP is ≈33% below the average analyst target and ≈45% below the top range of down channel primary trend.
The SP collapsed last year as a result of the public offering in December, cash burn rate and a gross loss for the most recent quarter.
Revenue YoY has grown 142% and revenue growth FWD is 118%. With the high growth rate and being profitable on a yearly basis, a PE of 22 is cheap.
SP appears to have formed a double bottom and is currently breaking out from a narrower down trend.
Currently, the SP is ≈33% below the average analyst target and ≈45% below the top range of down channel primary trend.
The SP collapsed last year as a result of the public offering in December, cash burn rate and a gross loss for the most recent quarter.
Revenue YoY has grown 142% and revenue growth FWD is 118%. With the high growth rate and being profitable on a yearly basis, a PE of 22 is cheap.
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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.