***Remember I'm not a professional analytic, this whole idea is based on my knowledge and opinion. ***
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
FUV have a Bullish chart in the 4H view. Candles still above that SMA 50 and SMA 200. Ichimoku Cloud is showing that resistance and support are strong on this one. It’s clear that the price per share dropped a little bit after that huge spike from $3 a share. In my opinion based on my analysis I think the stock is moving right now on sideways with a support at $6.50 but is creating a new one at $6.89. I think the resistance will be $8.91 or the 52-week high. EV companies are hot right now and I see more potential of moving up soon. Company still must increase production and do more partnership, but they are doing great right now.
Good luck to everybody and posts your opinion here also, they are welcome. Thank you.
This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.
FUV have a Bullish chart in the 4H view. Candles still above that SMA 50 and SMA 200. Ichimoku Cloud is showing that resistance and support are strong on this one. It’s clear that the price per share dropped a little bit after that huge spike from $3 a share. In my opinion based on my analysis I think the stock is moving right now on sideways with a support at $6.50 but is creating a new one at $6.89. I think the resistance will be $8.91 or the 52-week high. EV companies are hot right now and I see more potential of moving up soon. Company still must increase production and do more partnership, but they are doing great right now.
Good luck to everybody and posts your opinion here also, they are welcome. Thank you.