FUV:NASDAQ - ARCIMOTO INC - Electric Vehicle Manufacturer

Just been having a look around at some of the Tesla alternatives to see who else might be riding that bubble. FUV or Arcimoto has had around a 500% run since its March lows. Its at the bottom of it linear regression range with some additional support not too far below. The RSI dipped below 50 and could be heading back up. Short version is it could be at a reasonable buy area with some upside if it heads back up. The vehicles though that it produces are more like oversized scooters than cars so not sure if they will be the long term answer. Worth a watch from a trade perspective at any rate.

I've put an alert on it at $6.75 so will have a look if it heads back up early next week.

Note

Stock did nothing for ages bouncing around its support line, then whammo a 200% run.

zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: