POLESTAR (PSNY) - LONGTERM BUYING OPPORTUNITY, RISK:REWARD 1:10Polestar (PSNY) has been in a long term downtrend since its launch on the NASDAQ, the EV sector has seen some excitement however adoption to EV vehicles has been a slow trend worldwide compared to the hype when first introduced. At current, EV sector participants are in the beginning phases of mass
−38.33 USD
−2.05 B USD
2.03 B USD
91.45 M
About Polestar Automotive Holding UK PLC Sponsored ADR Class A
Sector
Industry
CEO
Michael Lohscheller
Website
Headquarters
Gothenburg
Founded
2021
Identifiers
3
ISIN US7311054099
Polestar Automotive Holding UK Plc is the Swedish electric performance car brand that engages in the research, development, marketing, commercialization, and sales of battery electric vehicles and related technology solutions. It offers Polestar 2 (PS2), a premium fast-back sedan, the Polestar 3 (PS3), a luxury aero sport-utility vehicle, the Polestar 4 (PS4), a premium sport utility vehicle, the Polestar 5 (PS5), a luxury sport grand-touring sedan, and the Polestar 6 (PS6), a luxury roadster. The company was founded on September 15, 2021 and is headquartered in Gothenburg, Sweden.
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PSNY - I like the stockGood Morning Traders,
Today I am sharing NASDAQ:PSNY an EV play from VW I like and am back in prior to sharing.
📈 Price Action and Confluence on PSNY
Based on recent price action and confluence signals, my system is indicating a re-entry on Polestar Automotive Holding UK PLC (PSNY). I like th
PSNY - Adjusting the short-term vision onlyThe stock closed last week with a clear reversal candle, showing weakness in the technical indicators after achieving 95% of the target for the current first wave. We expect the stock to aim for a deep correction in wave 2 or a , and if it holds above the 61% Fibonacci level around the 1.10 - 1.00 a
PSNY - Buying Power and BreakoutsPolestar (PSNY) has faced significant financial challenges, with a continuous need to raise funds in recent periods, which led to its equity reaching negative values before securing new financing in September 2024. This funding deal helped restore some investor confidence, but the company remains in
Rapid share price recovery Polestars share price has been on a tear for the past month, rising from under a dollar to $1.60 as l write with the pre market indicating further gains today.
The company has started to produce their cars in S.Korea and the USA so will not be subject to European and US tariffs, with an increasing
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