ELMS -- WorthyLion, in reply to your Q, technically things are looking a bit better in recent days after all the prior weeks of damage. Four straight green days allowed the stock to pull away from the lower Bollinger band though on Friday it hit some resistance at the descending 9dma at 7.81, MACD has turned up to start crossing its lagging line, accum/distrib indicator has turned up a bit.
The $7.20s could be the bottom where shorts feel they've earned enough to start covering.
Frankly, i've been concerned by the container-shipping problem, but it's certainly not unique to ELMS, and that seasoned group of execs likely have some backup suppliers in place in other countries in case things really get gnarly with containers coming out of China.
I think the stock will get a boost from 1) upcoming safety certifications, 2) first production (promised for late Sept., maybe early Oct.), and 3) confirmed order news from any big buyers like those FedEx regional franchise operators.
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