TEN has surprised the traders once again with a break through the short downtrend, retracing back to support, bouncing and making 5% gains on the daily. However, with quarterly earnings on the horizon, I don't see these gains sticking around very long.
We are still in a major bearish downtrend, with GM layoffs looming, tariff rates, and the forecast for a recession upon us, for myself to feel any worthwhile investing in such asset. This asset, as well, is not going to trend fairly when companies start automating electric vehicles; since electric vehicles do not require an exhaust system.
I will be keeping an eye out for earnings and go from there.
We are still in a major bearish downtrend, with GM layoffs looming, tariff rates, and the forecast for a recession upon us, for myself to feel any worthwhile investing in such asset. This asset, as well, is not going to trend fairly when companies start automating electric vehicles; since electric vehicles do not require an exhaust system.
I will be keeping an eye out for earnings and go from there.
Nota
Update... Still no cross on 200MA, $7.20 didn't hold as a support.Looking at $1.50-$2.50 as the next support line. We are currently sub par originality levels. Doesn't look good as a direct stock investment at the moment. (Strictly looking at T.A. for this argument.)
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.
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.