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.
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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
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.