MVST - long base, low $ float, high ADR% idea

2023-06-16

$Microvast Holdings, Inc.(MVST)$ MVST - long base, low $ float, high ADR% idea

The recent one-month rally of 12.55% in the FDRV $Fidelity Electric Vehicles and Future Transportation ETF(FDRV)$ group has drawn my interest towards MVST, a battery technology company that is involved in designing, developing, and manufacturing battery components and systems primarily for electric vehicles (EVs).

It broke out of a year-long downtrend line (DTL) with a gain of 42%, following higher revenue guidance provided last month. Despite news of a -36% decline due to an incentive halt from the US Energy Department two weeks after the breakout, the stock has been consolidating above its year-to-date (YTD) low.

ADR%: 11.2% , Float: 44.6%, $ Float $317mio

Notably, the weekly chart shows a positive accumulation volume structure, and today it has successfully reclaimed the 200-day moving average (200-MA).

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It broke out of a year-long downtrend line (DTL) with a gain of 42%, following higher revenue guidance provided last month. Despite news of a -36% decline due to an incentive halt from the US Energy Department two weeks after the breakout, the stock has been consolidating above its year-to-date (YTD) low. ADR%: 11.2% , Float: 44.6%, $ Float $317mio Notably, the weekly chart shows a positive accumulation volume structure, and today it has successfully reclaimed the 200-day moving average (200-MA).<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/e36704a8fb3e6e05dc87ed7c7a9f6331\" tg-width=\"680\" tg-height=\"387\">Image</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"MVST\" class=\"teditor-mention\" data-mention-name=\"Microvast Holdings, Inc.\" href=\"https://ttm.financial/S/MVST\">$Microvast Holdings, Inc.(MVST)$</a> MVST - long base, low $ float, high ADR% idea The recent one-month rally of 12.55% in the FDRV <a data-mention-id=\"FDRV\" class=\"teditor-mention\" data-mention-name=\"Fidelity Electric Vehicles and Future Transportation ETF\" href=\"https://ttm.financial/S/FDRV\">$Fidelity Electric Vehicles and Future Transportation ETF(FDRV)$</a> group has drawn my interest towards MVST, a battery technology company that is involved in designing, developing, and manufacturing battery components and systems primarily for electric vehicles (EVs). It broke out of a year-long downtrend line (DTL) with a gain of 42%, following higher revenue guidance provided last month. Despite news of a -36% decline due to an incentive halt from the US Energy Department two weeks after the breakout, the stock has been consolidating above its year-to-date (YTD) low. ADR%: 11.2% , Float: 44.6%, $ Float $317mio Notably, the weekly chart shows a positive accumulation volume structure, and today it has successfully reclaimed the 200-day moving average (200-MA).<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/e36704a8fb3e6e05dc87ed7c7a9f6331\" tg-width=\"680\" tg-height=\"387\">Image</body></html>","text":"$Microvast Holdings, Inc.(MVST)$ MVST - long base, low $ float, high ADR% idea The recent one-month rally of 12.55% in the FDRV $Fidelity Electric Vehicles and Future Transportation ETF(FDRV)$ group has drawn my interest towards MVST, a battery technology company that is involved in designing, developing, and manufacturing battery components and systems primarily for electric vehicles (EVs). It broke out of a year-long downtrend line (DTL) with a gain of 42%, following higher revenue guidance provided last month. Despite news of a -36% decline due to an incentive halt from the US Energy Department two weeks after the breakout, the stock has been consolidating above its year-to-date (YTD) low. ADR%: 11.2% , Float: 44.6%, $ Float $317mio Notably, the weekly chart shows a positive accumulation volume structure, and today it has successfully reclaimed the 200-day moving average (200-MA). 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