Panjang

Waiting for the buyers

144
RSI probably needs to be pushed down a little lower yet before buyers step in (~26 region worked in the past). A descending wedge bullish reversal pattern is forming in the price action. I will be watching for a break of the resistance line with heavy volume . I drew a trend line in the RSI that acted as resistance but has now bounced once as support and will test it when RSI drops a bit. I am cautiously bullish on this in the near term based on these technicals, but based on the revolutionary technology, I am bullish long term. There are just too many single occupancy cars on the road and this is would be a very economical second vehicle for many families.

Penafian

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