ZoePaul
2023-06-15

Not Financial Advice: Opinion:

Revision/adjustment for recent outlook:

Stock is in a symmetrical triangle within a larger ascending triangle with the same expectations as before, a retest of 0.41-0.42, though the breakout zone stretches to 6/30/23 - 7/4/23 rather than the 23rd.

With a successful breakout comes a price target of approximately $0.59.

(June 30th was already outlined as the breakout zone when working with the prior triangle at time of the Macro trend channel breach, but having rallied immediately after the breach and hitting the price target of 0.41, I was waiting for a signal to indicate if the next move up would be within that same window or some other time. This comment revises a prior statement that saw the triangle with a breakout zone ending on the 23rd. While it could still rally sooner, as happened after the breach, I'm noting what looks like the most likely window in it's fullest sense.) $Faraday Future Intelligent Electric Inc.(FFIE)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment