VinFast Auto is building strong bullish momentum, with a gap forming around the $4.00 level. A breakout above the $6.42 resistance would confirm further strength, positioning the stock to target the $8.78 monthly resistance. This trade setup offers an excellent risk-to-reward ratio, with downside risk managed via a stop-loss at $3.15.
As a growing player in the electric vehicle (EV) market, VinFast is well-positioned to benefit from increasing global demand for sustainable transportation. The company’s focus on innovative EV designs, expansion into international markets, and strategic investments in production capacity bolster its long-term growth potential.
This combination of technical momentum and VinFast’s growing presence in the EV market supports a bullish push toward $8.78, making it a compelling opportunity for traders and investors.
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.