Each chart paints a different story, one is quite bearish, as it breaks down from the yellow channel, tests the resistance today and it gets rejected.
Next chart is showing a bullish wedge that has been building for over a year now.
Regardless of both charts, below $6.40 and I think we are in the bear case.
It is possible that they will need to dilute soon to free up cash but this is expected of an EV starter, their market cap is still incredibly low if we compare it to RIVN and LCID.
So a dilution, then hitting the bottom, then this could be a good position to add.