@anglecurveball, Can you explain your thought process behind this....I apologize I am a creature of learning and perspectives
anglecurveball
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@slimfamus, chart explains itself, it is quite extreme. Severly oversold, a bounce is inevitable but risky to catch. 35$ could be an excellent oppertunity. On the long term it is a no brainer, there is an huge oppertunity for electrifying commercial vans and there are a lot.. This in a simple nutshell, hopefully it is usefull. Lolz
QuandaleDingleOG
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@anglecurveball, I appreciate your reply and agree there is and will be demand for electric vehicles...But with that being said we must always take into effect market sentiment, fundamental analysis of the company, analysis of the EV sector...I 100% agree we are approaching oversold conditions and also seeing a slow down on the momentum of the selling by looking at the MACD, BUT I believe these stay in these areas and this stock ultimately drops to the $11 range...The entire sector is in a bear market currently and it is already forecasted that growth will slow down to snail speed over the next 12 months which signals me to believe that we will not see a bounce any time soon...I currently hold no position in this stock...I have put my money into GGPI which is bringing Polestar to market in the coming months...If you are looking to get in cheap check it out...Thanks again for your feedback and always remember "Patience leads to virtue" Happy Trading!!!!!!
anglecurveball
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@slimfamus, your posts and analysis is great. Thanks for your repy.
DharmaDhillon
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I think a bounce is on the way towards 70
QuandaleDingleOG
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@DharmaDhillon, Can you explain your thoughts on this??? I like to hear all perspectives on stocks like this