Mullen stock expectations
Updated
Mullen has been hot stuff lately. Their stock has been taking off and they haven't even shipped a car. Their stock (as of March 14th, 2022) is at 1.770. Overrall this week and last week, their price has gone up by more than 50%, and went up 31.11% today (14th of March.) Why does this matter you may ask? Let me elaborate. You know Rivian? Yeah, the one Amazon has tons of money in? They are going through some lawsuits, but still maintain a average price of $36.00. Mullen has no lawsuits, a good board of directors, and popularity. When they start shipping cars, they should be at a VERY high price. Why wouldn't they? The cars they are selling sound and look good, but are also cheaper. When they start shipping cars, we could see them hit $40, maybe even $50. Plan on mullen being a stock you pour money into, because if they hit this price and you have a lot of money into it, you could be what people are calling a "Mullenaire". Want to look at the chart to see more? Ticker symbol is: MULN. Have a good day, and happy investing.
Note
Also, looking at the MA9 line, it went through the green on the 13th, our buy signal.Note
Finally, in the past week, their after hours are always up by at least 5%
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