Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
MULN trading the volatility Long
M
Mullen Automotive, Inc.
Long
MULN trading the volatility Long
By AwesomeAvani
Follow
Follow
Jul 7, 2023
6
Cheer
Cheer
Jul 7, 2023
On the 30 minute chart, MULN has pulled back from a brief uptrend. I see things suitable for
an entry. I have added to the chart, the anchored VWAP lines serving as dynamic support and
resistance. The mean VWAP will be my designated stop loss while lines one and two
standard deviations above that are the first and second targets.
Overall, the long trade is projecting a ROI of 27% compared with the stop loss
of 11%. This trade could play out in only one day given MULN's volatility. The zero-lag
MACD shows a line cross impending and confluent with the zero horizontal line. The
relative volatility oscillator shows the magnitude of the shifts in that regard. From my
perspective, no matter the fundamentals of the financial health of MULN, the volatility
of the price action and technicals can be played long with high potential profit.
evsector
evstocks
FSR
MULN
nkla
Oscillators
pullbacktrade
RIVN
Trend Lines
Volatility
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
.