After the amazing bounce from the $178-188 area, at $178 also a longterm trend line passed there, it's no chance that price reverted right there, the stock is seeing very good momentum sustained also by the claim that the company has no demand issue. On the daily and the weekly both the long term and short term MAs ( 60 and 200 ) are moving down and price is approaching a nice supply zone at $242-254.
All eyes on the Q2 financials to understand how many cars were delivered and where the margins stand after slashing the prices multiple times.
All eyes on the Q2 financials to understand how many cars were delivered and where the margins stand after slashing the prices multiple times.
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