$MULN - RC -
Added 2023-03-24 12:33:23 +0000 UTCLike a number of EV growth stocks right now, they are struggling and $MULN is probably struggling more than most as they have not started producing yet and in need of a cash injection. We saw yesterday that $PSNY struggled to hold a crucial support and they are well into their production phase now, as with $NIO and $XPEV, who are firmly into the growth stage and soon to be starting their established phase, they are still encountering tough times in the market.
Back to $MULN, it needs to find support asap, next test is at $0.08 and below this and they really are in danger of going bust, unless they can get either bought over or find cash. Holding support here and they may be able to consolidate and if they receive positive news, they can follow the green impulse wave.....a lot of big IF's right now.
