Bullish potential detected for VCXEntry conditions:
(i) higher share price for ASX:VCX along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 28th August (i.e.: below $2.16), or
(ii) below the support level from the open of 1st August (i.e.: below $2.11), depending on risk tolerance.
Vicinity
Trading Idea - #VicinityMotorMy trading idea for Vicinity Motor - BUY
Long-term target: 4.00 USD (+260% profit)
Vicinity Motor Corp. has received an order from Pioneer Auto Group to supply 1,000 electric trucks.
Sales of more than US$100 million are planned.
The final delivery date is the end of 2023. Deliveries as part of the order are expected to begin this month.
Apart from that, the share is at an important support line, which could be confirmed by the positive news!