FFIE 10% Move this week?

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)

Updated

NASDAQ:FFIE Faraday Future Intelligent Electric Inc.

This stock is a play on EV. On Friday it was mentioned that they no longer need more funds to launch their FF91 EV. This stock has been a steady climber this past week and had an even nicer push from this recent news. The charts are still showing an incline trajectory. Only thing for me to be weary of on the technical setup is the RSI reaching an oversold zone if it continues to push. I will be looking for a MACD cross move while moving along the 9EMA before I enter. A break above $8 would be nice as it should have no problem pushing higher from there. (Not Financial Advice)

Comment:

Still holding support - if it breaks below then I will have to re-assess. Again looking for that technical setup

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.