- Price testing the channel resistance.
- Don't get fooled by bounce overnight/tomorrow, as the rejection at 4145 would turn this into a I H&S setup, with support way below at 407.
Not saying it will happen, but brace for it as this may not be another BTFD opportunity.
- Likely we see ramp into 4140 zone and go lower to 4100 tomorrow.
Disclaimer: Against my...
All hallmarks of a value buy in current environment. EV market is going through a shock imo... Sellers will regret and panic buy soon....may not happen this week... Though I am counting on it. It's no brainer EVs are the future and LI is next to NIO.