Maximus20000
EssentialFalling Wedge Pattern for PSNY chart, Polestar In this chart analysis, it's evident that there's a potential buying opportunity if we manage to reclaim the indicated level (previous gap after Earnings). This could take 30 to 45 days, as institutional investors are not very interested in buying this stock. However, it's crucial to exercise caution and patience,...
The stock dropped more than -10% after the financial results were announced. Typically, it takes the stock more than 30 days to recover its price. 1. Will institutional investors be ready to defend the price in this zone? 2. Will Elon and NASDAQ:TSLA put further pressure on other manufacturers with their price war? 3. The green rectangles, resistance, will be...
Stock Following Disappointing Earnings. Polestar second-quarter loss widens as it ramps up EV deliveries Polestar lost $304 million in the second quarter, on revenue of $685 million. EV deliveries were up 36% from a year ago. The company is still on track to build 60,000 to 70,000 EVs in 2023, with two new models coming in the next...
Navigating Low Volume, Volatility, and Long-Term Downtrend Ahead of Earnings