CENN has been having really nice technical breakouts. The 1D IC could be the next test. That’s a 80% difference to the leading IC. CENN has a lot of momentum behind it being and EV for trucks and vans for commercial use.
Lets have a look at what happened in November 2020 and compare the charts for CENN now. If we are about to make a move up, its going to happen this week... This move could even target $40+ by May.... Keeping an eye on it. If we break down lower than 0.99 then my initial thoughts of 0.04-0.16 are in play. I'm being on a weak DXY here, and if correct, CENN has a...
I have identified a fallling wedge structure on the Cenntro daily chart and have considered a LONG position. Target is $2+
This would also represent a potential reversal pattern and confimation that the "bottom" might be in for CENN stock
Update on CENN - Still expecting my buy zone of $0.04-$0.16 to hit pretty dam soon. Ill be loading up with a long term bag when these prices come onto our screens.
Cenntro Electric Group Limited (NAKD) unveiled its state of the art autonomous vehicle, the iChassis skateboard, at the 2022 Consumer Electronics Show (CES).
iChassis production will begin by Q1 2023.
Cenntro has sold and delivered 3300 commercial EVs in more than 26 countries as of December 2020.
My price target for NAKD in 2022 is $13.
Both technical analysis and fundamentals are looking ready for a comeback.
Cenntro produced 628 electric vehicles in December 2021 - highest volume in a single month
2022 guidance to deliver a minimum of 20,000 vehicles.
Market Cap 390.294Mil, still small.
My price target is the 11.50usd resistance.
Looking forward to read your opinion about it.
Naked shareholders will receive 7 shares in the new entity for every 3 existing NAKD shares they own.
The combined company will have a market capitalization of nearly $2 billion.
Cenntro Automotive, NAKD`s merger, is a leading EV technology company with advanced, market-validated commercial vehicles, that has selected Jacksonville, Florida for its first U.S....
