MVST From a macro-structure perspective, as long as price holds above the July lows, I see potential for continued upside momentum into the 5.15–6.70 (max 7.30) resistance zone in the coming weeks.
Adding to my existing MVST position. The red VWAP line goes back to the initial announcement by predecessor SPAC Tuscan Holdings of their LoI to buy Microvast (2020-11-13).
AVWAP since IPO is a meaningful level for young stocks. This one doesn't have a traditional IPO, but the announcement of the LoI seems like the next best thing.
MVST seems like my forecast wasn’t that bad. At $3 said I could see it run up to $5 (made it to $4,7 where I exited) and it would retest $3 (were getting close). If $3 ish holds as support I would see it fly higher. But, always be ready to adapt your positioning …