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fourth_street
Apr 27, 2022 2:33 AM

FFIE Possible Kangaroo Tail Forming?? Long

Faraday Future Intelligent Electric Inc.NASDAQ

Description

FFIE probing for lower price levels but shorter timeframes show stronger than average buying pressure pushing the close higher leaving a long tail. I'm thinking short term rally over the next few days with a profit target of $3.85 and a stop loss of $2.45 but will wait for confirmation tomorrow.

- $3.85 to $3.90 to me looks like a new resistance level(old suppport) unless this is FFIE's big moment for a major reversal.
- Maybe I should take some profit once it nears that area then add on if the volume supports a higher move up.

>> What's your thoughts on FFIE for a swing or day trade or even a longer hold???
Comments
zAngus
Greetings, well done on posting your first chart. Hope you liked the process. Hope you get rich :)
From mod @zAngus
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