I think with Joe Bidens new bills to support EV, and clean environment this company will do well on the long. I think they will probably continue to be in mark down phase until nearly 1 dollar or even less before reclimbing and possibly hitting the 5 or 10$ marks. consider this first big bump, the silent accumulation Phase.
Short 1-2$
Medium 3-5$
Long 5-10$
Ideanomics, Inc. focuses on driving the adoption of commercial electric vehicles, associated energy consumption and the development of financial services and fintech products. Its ideanomics Mobility division facilitates the adoption of electric vehicles by commercial fleet operators.
This idea presents a high risk due to the volatility that the stock handles,...
Price have been moving in a slightly bearish channel since March, here it formed an ABCD pattern and broke out. Price then tested a bearish trendline and fell back into the channel again.
On the weekly, price have been moving in a massive flag formation with a minimum target at 4.77 dollars if it breaks out bullish. This flag formation has just been broken to the...
Pupm&Dump trading strategy idea.
$IDEX is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,54;
stop-loss — $2,65;
take-profit — $2,32/MOC
Do not view this idea as a recommendation for trading or investing. It is...
According to the count we just entered wave 3 and are now headed for 15$ end of year
After that we see wave 4 to above 5.5$ (wave 1 invalidation)
Later we move beyond 15$
The correction consisted of a zig-zag
Now the uptrend seems to be established with lower level 1,2 completed and now it 3
Given the last impulses, this is promising, though it seems sanity has reached IDEX by now so I expect a more traditional price action
Although there seems to be institutional buying here they clearly know something us retailers do not. looking to fall into an older gap that has long filled in the range of 2.08-1.75. SCROLL THE chart to see gaps indicated by rectangles.
Depreciating factors
-Weak price strength and weak directional strength
-Downward trend line
The positive
-RSI shows fair...
IDEX consolidating right now, and looking to break either direction. It has some support $2.28 that it needs to hold if it's going to move back towards previous highs. If we can break to the upside, then we can test the high of the range we've been in since March 2021 of $3.42.
If we can't hold the $2.28, we can see a breakdown to the $1.70 area.
Keep an eye on...
It seems the MACD is crossing to the upside, while RSI is point down, some divergence.
Resistance around $2.58, hopefully we break that to the upside next week.
I love this stock both on fundamentals (future hold of EV sector from cars, to tractors, to charging mechanisms) and current buying trend patterns happening, major support here.
