Clear bull flag after a strong impulsive move (>$16 high), followed by a controlled downward consolidation.
Price is holding a key demand zone around $8.8–9.0 (green box), which acts as structural support.
As long as this support holds, the pattern remains bullish continuation.
RSI near neutral → consolidation, not trend exhaustion.
A breakout above the upper flag resistance would likely trigger trend continuation within the long-term ascending channel.
Bullish context
Strong YTD performance (>+300%), confirming a solid primary uptrend.
Price remains above long-term moving averages → bullish market structure intact.
Current pullback is technical, not a trend reversal.
Catalysts
$35M purchase order for SiCore cells (UAS market).
Strategic partnerships (Nokia Drone Networks, ESAero).
Manufacturing scale-up via contract manufacturing (up to ~2 GWh capacity).
Upcoming earnings & investor events → guidance, backlog updates.
Structural tailwind from drone, defense, and eVTOL markets requiring ultra-high energy density batteries.
Analyst upgrades and raised price targets (~$18).
Risk
Loss of $8.8–9.0 support with volume would invalidate the bull flag.
High volatility typical of growth / small-cap battery tech.
Conclusion
This is a textbook bull flag within a broader uptrend. Fundamentals support the bullish thesis, and a confirmed breakout would favor continuation toward higher channel levels.
I am initiating a position and buying in this range, between $9 and $7.
GLHF
Price is holding a key demand zone around $8.8–9.0 (green box), which acts as structural support.
As long as this support holds, the pattern remains bullish continuation.
RSI near neutral → consolidation, not trend exhaustion.
A breakout above the upper flag resistance would likely trigger trend continuation within the long-term ascending channel.
Bullish context
Strong YTD performance (>+300%), confirming a solid primary uptrend.
Price remains above long-term moving averages → bullish market structure intact.
Current pullback is technical, not a trend reversal.
Catalysts
$35M purchase order for SiCore cells (UAS market).
Strategic partnerships (Nokia Drone Networks, ESAero).
Manufacturing scale-up via contract manufacturing (up to ~2 GWh capacity).
Upcoming earnings & investor events → guidance, backlog updates.
Structural tailwind from drone, defense, and eVTOL markets requiring ultra-high energy density batteries.
Analyst upgrades and raised price targets (~$18).
Risk
Loss of $8.8–9.0 support with volume would invalidate the bull flag.
High volatility typical of growth / small-cap battery tech.
Conclusion
This is a textbook bull flag within a broader uptrend. Fundamentals support the bullish thesis, and a confirmed breakout would favor continuation toward higher channel levels.
I am initiating a position and buying in this range, between $9 and $7.
GLHF
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.
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.