CENN has been on a very long down trend and have finally started to level off. It seems to have found support at $1.20 and resistance at $1.40. Now only that it have strong mac d cross on the 1-4 hour since the 15th. Ever since that sign of a reverse it has been testing the BOLL and IC on ever timeframe up to the daily. Right now it looks to be in price discovery....
Lets have a look at what happened in November 2020 and compare the charts for CENN now. If we are about to make a move up, its going to happen this week... This move could even target $40+ by May.... Keeping an eye on it. If we break down lower than 0.99 then my initial thoughts of 0.04-0.16 are in play. I'm being on a weak DXY here, and if correct, CENN has a...
Cenntro Automotive Group, Inc. manufactures electric light and medium-duty commercial vehicles. The company was founded in 2013 and is based in Freehold, New Jersey.
I have identified a fallling wedge structure on the Cenntro daily chart and have considered a LONG position. Target is $2+ This would also represent a potential reversal pattern and confimation that the "bottom" might be in for CENN stock
Update on CENN - Still expecting my buy zone of $0.04-$0.16 to hit pretty dam soon. Ill be loading up with a long term bag when these prices come onto our screens.
Cenntro is looking to do a gap fill on the daily soon. An excellent place to reverse trend if it's meant to do so.
pure for entertainment purpose. nfanfanfanfanfanfa
It seems like there will be breakout soon. nfa nfa nfa nfa
CENN is showing a very clear crashing pattern with 6 completed waves and currently on the 7th wave which is usually the last wave of the crash. Looking for long term entries under $1. I can see CENN doing what Tesla did and it could be trading at $200+ in a year or two
brand new company, 200m+ in cash, 2000+ deliveries, new factory, etc. etc. nfa