Low risk trade
Updated
Fairly strong support at $20, with a chance of breaking out of the pattern to the upside if EV gets hyped up again this week.
Stop loss somewhere below $20, and price target of $22. Fundamentally this is also a pretty solid EV company with major customers such as Pepsi, Coca Cola, DHL, Fedex and is one of the minority EV companies with actual revenues currently through its hybrid solution. Long term price target could be somewhere around $50~60
PT 1: $22
PT 2: $32
Stop loss somewhere below $20, and price target of $22. Fundamentally this is also a pretty solid EV company with major customers such as Pepsi, Coca Cola, DHL, Fedex and is one of the minority EV companies with actual revenues currently through its hybrid solution. Long term price target could be somewhere around $50~60
PT 1: $22
PT 2: $32
Trade closed: stop reached
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.