Beam Global (BEEM)

[Fallingknife75]

The timing for my vacation turned out poorly. It's been a rough couple weeks for most stocks and BEEM, with it's small share structure, has been hit hard. It's retraced back to where it's initial white candle started back in July. I expect this to be good support, but with the RSI below 40, having fallen below both moving averages and the MACD completing a Bearish signal line and center line crossovers, the near term prospects are poor IMO.

I may pick up a few shares to bring down my cost basis, but will be looking to exit the position until the chart regains strength.

https://schrts.co/ajIWqwzB

All the best,

Knife