3 EV Stocks That Are At Important Support Levels And Could Rebound
Electric vehicle companies NIO Inc. ,Tesla,Inc. , and Nikola Corporation are all trading close to support. This means there is a good chance they rally.Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay h