MrSmallCap

IDEX Here We Go Again

NASDAQ:IDEX   Ideanomics, Inc
Technical levels line up from previous areas of resistance. Does IDEX have enough juice to continue this rebound? Big question mark there but with surges in EV penny stocks, sympathy momentum could play a role. Of all of its endeavors, I actually am starting to like this tractor play. I didn't know these were actually industrial-style tractors.

As far as electric vehicles and Ideanomics are concerned, a few things are going on right now. Most recently, the company’s portfolio company, Solectrac, has been ramping up for expanding its vehicle reservation campaign. Solectrac develops all-electric tractors. According to the company, it’s the first North American manufacturer & distributor of zero-emission electric tractors. The retail prices range from $29,800 to $55,000, so we’re not talking about personal “John Deere” tractors for your front yard.


Quote Source: Making A List Of Penny Stocks? 4 Hot EV Stocks To Watch In March 2021

Comments

A lot of things make me leary of this company, but this is the space I generally invest in. The Solectrac Co. and product seems like maybe another 5 years out before any real market to have competition and demand, but could scale up very quickly. Also the investment this week in Italian Emotorcycle company Energica keep drawing me in. The 2-wheel market is blowing up worldwide. Not sure about the rest of the mix. A Kathie Wood knock off?
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MrSmallCap matt_sutliff
@matt_sutliff, just hit play on the chart and like clockwork IDEX failed at that level again. Seems like a key resistance point.
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Agree, good idea
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