$MULN Meaningful Revenues Upcoming
As far as hot streaks go Mullen Automotive, Inc. (Nasdaq: MULN)’s is especially notable. It secured two large purchases and is in the process of securing a deal with Saudi Arabia. Additionally, there have been murmurs about new Middle Eastern deals on the horizon. As is, the recent purchases secure its short-term interest by improving its finances, and the Middle Eastern deals could potentially catapult MULN Stock into stardom in the long run. MULN’s potential Middle Eastern deals have garnered many investors’ attention with anticipation brewing over a major announcement planned to be made between Friday and Tuesday.
MULN Fundamentals
Fortune seems to be favoring MULN as Lawrence Harge recently stated that there will be a major announcement regarding MULN between Friday and Tuesday. That revelation came after he dropped a couple of MULN bombshells. The first one was the revelation that MULN would receive half of the capital made from the Saudi deal, and the second bombshell was that there are more Middle East deals in the works. That said, the announcement could be related to these bombshells.
While not much is known regarding the major announcement, it could be an official announcement regarding the Saudi deal. Moreover, it could be related to the additional Middle Eastern deals Hardge announced. Since all potential outcomes of the major announcement would add value to the company, MULN stock could be well-positioned to climb and retest the $1 mark.
If the Saudi deal goes through MULN should receive a whopping $5 billion which dwarfs its market cap of $162 million. Through these funds, MULN would be able to advance its technology, accelerate the development of its flagship vehicle – the Five, or expand its manufacturing capabilities.
Technical Analysis
MULN stock is in a bearish trend and is trading in a downward channel. Looking at the indicators, MULN is trading below the 200, 50, and 21 MAs which is a bearish indication. Meanwhile, the RSI is neutral at 45 and the MACD is bullish but is approaching a bearish crossover.
As for the fundamentals, MULN has a major upcoming catalyst in the major announcement Hardge promised. With anticipation brewing regarding the announcement, MULN stock could soar if it is about the Saudi deal or additional Middle Eastern deals. Based on this, investors could find a good entry in MULN stock on retests of the support ahead of the upcoming announcement.
MULN Forecast
MULN has been riding waves of success these past months. It secured massive purchases, which should improve its finances markedly. Moreover, MULN could potentially receive $5 billion from the Saudi deal which should drastically improve its finances and help it grow even further. Furthermore, according to Lawrence Harge, a major announcement is set to be made between Friday and Tuesday which could be about the $10 billion contract or another Middle Eastern contract. In either case, this is great news for MULN which is why its stock could surge as a result.
MULN Fundamentals
Fortune seems to be favoring MULN as Lawrence Harge recently stated that there will be a major announcement regarding MULN between Friday and Tuesday. That revelation came after he dropped a couple of MULN bombshells. The first one was the revelation that MULN would receive half of the capital made from the Saudi deal, and the second bombshell was that there are more Middle East deals in the works. That said, the announcement could be related to these bombshells.
While not much is known regarding the major announcement, it could be an official announcement regarding the Saudi deal. Moreover, it could be related to the additional Middle Eastern deals Hardge announced. Since all potential outcomes of the major announcement would add value to the company, MULN stock could be well-positioned to climb and retest the $1 mark.
If the Saudi deal goes through MULN should receive a whopping $5 billion which dwarfs its market cap of $162 million. Through these funds, MULN would be able to advance its technology, accelerate the development of its flagship vehicle – the Five, or expand its manufacturing capabilities.
Technical Analysis
MULN stock is in a bearish trend and is trading in a downward channel. Looking at the indicators, MULN is trading below the 200, 50, and 21 MAs which is a bearish indication. Meanwhile, the RSI is neutral at 45 and the MACD is bullish but is approaching a bearish crossover.
As for the fundamentals, MULN has a major upcoming catalyst in the major announcement Hardge promised. With anticipation brewing regarding the announcement, MULN stock could soar if it is about the Saudi deal or additional Middle Eastern deals. Based on this, investors could find a good entry in MULN stock on retests of the support ahead of the upcoming announcement.
MULN Forecast
MULN has been riding waves of success these past months. It secured massive purchases, which should improve its finances markedly. Moreover, MULN could potentially receive $5 billion from the Saudi deal which should drastically improve its finances and help it grow even further. Furthermore, according to Lawrence Harge, a major announcement is set to be made between Friday and Tuesday which could be about the $10 billion contract or another Middle Eastern contract. In either case, this is great news for MULN which is why its stock could surge as a result.
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