Panasonic is one of the largest suppliers of Electric Batteries to Tesla and will also be supplying many other car makers as they continue to execute plans on EV vehicles around the world. Two months ago, a clear head and shoulders pattern began forming. Expecting more decline from current price of $10.95 *This is not investing or trading advice. Do your own...
On the monthly timeframe here. Panasonic has been traveling a long way in the wedge. As electric vehicles pick up mainstream demand, battery companies like Panasonic will benefit greatly. Midterm were looking at $25 PT
Taking a deeper look into its trend. 🔼UPTREND 14.50 is my perspective based on 2/2/21 Its new electric Quantum Glass Battery is truly effective or will be in due time.
I See🔼TP: 13.00 🔼14.00 After noticing... It took some digging. Since 2018 June/July market did reach. well beyond 13.00. in fact it was... 16.000 ranges/trend.
Some technical indicators here to look at definately. Moving along in the tradingchannel we see a possible Cypher pattern emerging. Some retrace to go still, but my setup here would be to wait for confirmation on the trendline to validate the pattern AND the small gap fill from some time ago. GL
Looking at the day chart, the stock is approaching a prime BUY zone. There is strong support from the double bottom that breaks the forming bear flag. The current fib resistance could break bullish, partially signaling a BUY. The RSI divergence along with a bullish EMA crossover would confirm the LONG (approx $9). The exit strategies are shown on the chart for...
Have you ever wondered who produces those batteries necessary for the electrification of traffic? Here are some points to a global leader in this field. Panasonic Corporation is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan. Mission Statement: “To serve as a one-stop solutions provider that achieves manufacturing...