PSNY is in an accumulation phase with compressed volatility.
- Since April 2024, the stock has experienced a sharp decline followed by consolidation.
- Since December 2024, PSNY has been moving in a sideways range between around $1.05 and $1.20.
- The 50-day moving average (in blue) is around $1.10, indicating price stabilization.
- A slight increase in volume has been visible in recent weeks, indicating renewed interest.
- However, there are no significant peaks to suggest an imminent breakout.
- The MACD line is slightly above the signal line, indicating weak bullish pressure.
- The histogram is almost neutral, suggesting a balance between buyers and sellers.
r/PSNY_Polestar_SPAC - Analysis of the PSNY chart. PSNY is in an accumulation phase with compressed volatility.
- Since December 2024, PSNY has been moving in a sideways range between around $1.05 and $1.20.
- The 50-day moving average (in blue) is around $1.10, indicating price stabilization.
- A slight increase in volume has been visible in recent weeks, indicating renewed interest.
- However, there are no significant peaks to suggest an imminent breakout.
- The MACD line is slightly above the signal line, indicating weak bullish pressure.
- The histogram is almost neutral, suggesting a balance between buyers and sellers.
r/PSNY_Polestar_SPAC - Analysis of the PSNY chart. PSNY is in an accumulation phase with compressed volatility.
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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.