CENN ICHIMOKU CLOUDSCENN has been having really nice technical breakouts. The 1D IC could be the next test. That’s a 80% difference to the leading IC. CENN has a lot of momentum behind it being and EV for trucks and vans for commercial use.
CENN
CENN looks great I think the CENN will start a new era next circular time.
It might break its latest high.
It is not a recommendation to buy. In contrast, it is a purpose of technical analysis.
Good luck to all.
CENN Premarket Breakthrough Cenntro Motors ticker $CENN has in this pocket last few months. It made an ATH the 2/24 and since then it has been testing floors and breaking through. With recently testing the BOLL and IC on the 1minute and 4 hours. It finally broke through and now making a run for the leading IC on the daily. With that quick of a drop and a lot of momentum in EVs, it’s very likely it can make more test $5 for the first time since it’s 1 for 15 reverse split.
Cenntro Motors Charting CENN has been on a very long down trend and have finally started to level off. It seems to have found support at $1.20 and resistance at $1.40. Now only that it have strong mac d cross on the 1-4 hour since the 15th. Ever since that sign of a reverse it has been testing the BOLL and IC on ever timeframe up to the daily. Right now it looks to be in price discovery. Will it go back into the pocket or will it trade to or through the resistance prices from the way down from $7. It looks super strong I’m the case that it will test those resistance areas and make test the previous floor of $7-$10. It is an EV that specializes in trucks and vans for companies. This type of products could lead to lot of sales as governments want to be fully electric predicted for the next decade.
CENN Hmmmmm Very InterestingLets have a look at what happened in November 2020 and compare the charts for CENN now. If we are about to make a move up, its going to happen this week... This move could even target $40+ by May.... Keeping an eye on it. If we break down lower than 0.99 then my initial thoughts of 0.04-0.16 are in play. I'm being on a weak DXY here, and if correct, CENN has a chance of upward momentum
$CENN Long Position I have identified a fallling wedge structure on the Cenntro daily chart and have considered a LONG position. Target is $2+
This would also represent a potential reversal pattern and confimation that the "bottom" might be in for CENN stock
$CENN - Cenntro Electric VehiclesUpdate on CENN - Still expecting my buy zone of $0.04-$0.16 to hit pretty dam soon. Ill be loading up with a long term bag when these prices come onto our screens.
$CENN - Cenntro Electric CENN is showing a very clear crashing pattern with 6 completed waves and currently on the 7th wave which is usually the last wave of the crash. Looking for long term entries under $1. I can see CENN doing what Tesla did and it could be trading at $200+ in a year or two
