We are seeing clear signs of a positive shift towards the EV sector lately, not just from $TSLA, $XPEV, $RIVN and $NIO but $PSNY has now broken out of its very long wedge and above its 50 Day MA, there is certainly risk on the table here, so we would need to see a lot more strength to consider a position here but this is moving with the sector.
A move up to its 200 Day MA at $1.70 is possible here, a retest of the wedge breakout level is always welcomed first,.
YuseeMo
2024-09-27 17:41:18 +0000 UTC