Watch for possible downside in the near term
$Mullen Automotive(MULN.US$
if you are bullish you might be able to get some shares for cheaper soon. If you are bearish then take some money off the table.
if you are bullish you might be able to get some shares for cheaper soon. If you are bearish then take some money off the table.
Be careful trading a long term downtrend. We had a nice rally but the rally has cooled off. trending support has been broken. Potential breakdown soon. Just keep your eye on it here. Could very well bounce. But it doesn't look good right now.
There are some gaps that might get filled but there is very low volume in this accumulation/distribution pattern. if volume picks up when support gets broken then i might consider taking some profits and wait for the uptrend to form again
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
16KFollowers
2942Following
28KVisitors
Follow
solo invest : Definitely not doing good right now
Questionable Invts : Let see of investors diamond hand or fold like bad poker player.
Am go waiting until q2 earning release date with f500 news. But for those that sell for profit or loss bedt of luck. 
Questionable Invts : Time see if investors diamond hand or fold like bad poker player. Am wait until q2 earning release date hear about f500 purchase order & conclusion of claims levied against CEO & MULN management.
But to those sell for profit or take loss best of luck. 
Questionable Invts : If it does drop hoping for under $1.50 double my current position.
SpyderCallOP : if it goes below 1.65 i would worry
102786201 : Q2 is from now to end of june. Probably no harm holding it
SpyderCallOP 102786201: if you consider wave theory then this tiny rally has one more tiny wave up at least before the downtrend continues. If the downtrend doen even continue
102786201 SpyderCallOP: Downtrend is definitely inevitable, this tiny rally will pump up to cap of 3 again before it goes downtrend again until they first release their vehicles. Afterall, it’s still a in conceptual stage. For it to really rise and hold, it must start to launch their cars
102786201 : It still beats releasing their share holds for now as it will rally once more
SpyderCallOP 102786201: i hope it can go to 3 dollars soon. ill take some small profits if it breaks my support. and ill set some alerts for my supports and resistance levels to possibly fing another entry point. Im concentrated in MULN too much. I gotta relieve some risk
View more comments...