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tradingzebras

Breakout of falling wedge and now consolidating

Long
Envirotech Vehicles, Inc. (NASDAQ:EVTV)  
tradingzebras  
NASDAQ:EVTV   Envirotech Vehicles, Inc.
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
After a breakout of a long-term falling wedge, the price is now comfortably consolidating between the 100 and 200 EMA. MACD and KST indicators are well above zero indicating positive momentum. Today's price action shows it is trying to break out of this flag pattern and could be indicating a nice move ahead, if the strength continues.
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