Tuesday, April 17, 2018 2:12:47 PM
Previous storyline was: We have a large charging network in the 3rd largest metro area of U.S., we already won the court case that will result in a favorable outcome/settlement, huge federal funds and VW money pouring into expanding EV infrastructure, increased use of EV’s year after year. Sexy on top of solid fundamentals. This storyline largely created an uptrend from 2016 through all of 2017. An uptrending stock, with volume, sexy storyline… traders could sell the story because there was a “payday” coming.
We need a new story for 2018.
Without a story for now, I’ll start with a chart. :) This area around 0.008 is testing major support going all the way back to 2016. Battle lines need to be drawn here/now. Also, after a down trend for ~3 months now, the weekly chart is in oversold territory not seen since early 2016. If there were ever a time for company to start sharing some positive news/outlook, it would be now.
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