Last time we saw NASDAQ:SOLO push this hard to the upside was during the first big run in the summer. No news today, obvious speculation on when they'll announce the final facility location. But they have planned that for November based on the last PR. Anyway, great momo today on sympathy from NIO's big upgrade and $40 price target. I also don't see many other EV penny stocks aside from SOLO and maybe AYRO that have some beefiness to them. The few remaining are relatively baseless and just have an idea in my opinion. We'll have to see if this $3.20 resistance continues acting as such. Also worth noting that the current 50 DMA sits at $3.16, another potential point of focus.
"While it’s still early in the game, SOLO stock has built a cult-like following over the last few months. Shares were trading around $1.36 when we first began covering the company in June. Seeing how far it’s come shows the high expectations of the market right now in my opinion. It’s also worth mentioning that SOLO stock also traded as high as $6 during the early stages of this bull run in 2020."