Beam Global
Panjang

Beam Global, Beaten down but not dead (bounce incoming?)

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The stock has been in freefall over the past month.
An anti-EV Trump administration certainly didn’t help, nor did the broad market selloff.

For now, the decline seems to have paused.
Some might argue that a large falling wedge is forming and could potentially break out.
  • On the 4-hour chart, the MACD is close to turning positive.
  • The RSI is in oversold territory.
  • The Price Volume Trend (PVT) is back at levels where a bounce occurred in previous months.

Penafian

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