Approaching a key level of 50MA
Please note this is just an idea, invest at your own risk.
Aeva is currently in a downtrend, however it is currently touching the 50MA.
Looking at the trend lines, it looks like selling pressure will step in and keep pushing prices lower following the trend. Further, looking at volume, the amount of buying on the previous closing day might indicate a reversal towards lower prices as well.
However, a strong support at around 9,72 and the 50MA level, could bring enough confidence for a reversal of trend, and head higher. If that's the case, I would consider buying opportunities over 10,72 / 11 price level.
Keep attention to key levels of support and trend, so as to decide how to play this stock.
Happy to get feedback on my idea.
Aeva is currently in a downtrend, however it is currently touching the 50MA.
Looking at the trend lines, it looks like selling pressure will step in and keep pushing prices lower following the trend. Further, looking at volume, the amount of buying on the previous closing day might indicate a reversal towards lower prices as well.
However, a strong support at around 9,72 and the 50MA level, could bring enough confidence for a reversal of trend, and head higher. If that's the case, I would consider buying opportunities over 10,72 / 11 price level.
Keep attention to key levels of support and trend, so as to decide how to play this stock.
Happy to get feedback on my idea.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.