AEVA is showing potential seller exhaustion on the MACD and the RSI with classic bearish divergence on both oscilators; which indicates potential trend reversal. With all the downward pressure in equities, it's prudent to be searching for short term trades until we get some clarity. So, I'm mostly day trading options right now.
Entry: $4.16
Stop Loss:...
Please note this is just an idea, invest at your own risk.
Aeva is currently in a downtrend, however it is currently touching the 50MA.
Looking at the trend lines, it looks like selling pressure will step in and keep pushing prices lower following the trend. Further, looking at volume, the amount of buying on the previous closing day might indicate a reversal...