www.cnbc.com/2019/12...-subsidies-fade.html
From the article, it appears that funds are exhausted and EV companies have yet to make a mark for themselves in the market.
Will EV market be as big as Ecommerce and 5G technology in China ? Perhaps, it needed more time to run its course and let the market see the benefits of EV.
Breaking the resistance at 2.47 is a positive sign after three attempts and if it can closed above 2.70, I will initiate a buy.
Please note that this will be a long term play compared to Ecommerce and 5G technology shares that I am vested in.
From the article, it appears that funds are exhausted and EV companies have yet to make a mark for themselves in the market.
Will EV market be as big as Ecommerce and 5G technology in China ? Perhaps, it needed more time to run its course and let the market see the benefits of EV.
Breaking the resistance at 2.47 is a positive sign after three attempts and if it can closed above 2.70, I will initiate a buy.
Please note that this will be a long term play compared to Ecommerce and 5G technology shares that I am vested in.
Comment:
WOW, this took us by surprise. A gap up with a strong bullish candle. If you keen to own a piece of this company, wait for the pullback
Comment:
At 2.40 to 2.70 is the buying zone and those who longed in Dec last year or got it in March this year would have benefited more than 3 dollars profits.
Comment:
Praise the Lord.