Velo3D's stock shows bullish signals in its technical analysis. Key factors: RSI = massively oversold. Williams percent range = massively oversold. Falling wedge pattern = confirmed.
The company has strong underlying fundamentals as well.
First target: 1.60 (supply zone 1).
Good luck. All the best, Peter Nordanaa
Note
The RSI line on the daily chart for Velo has been broken, indicating a promising opportunity to enter the market. This could be a great time to make a move.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.