Mutlibagger potentialThere’s not a lot of data on the stock price but we are starting to show signs of strong bullish volume coming in. But make no mistake. This is an extremely high risk, high reward type stock.
None of the finance bros are talking about this on YouTube. But behind the scenes, the likes of Nvidia and Uber are investing into the future of autonomous vehicles by pumping money into WeRide. Financially the company is guzzling through money as they are heavily R&D focussed at this stage of the business. It could head to zero if the end product and adoption is not delivered.
I for one will be paying close attention to the chart before taking a trade on this. Stop losses are important with extremely high risk projects, the charts will pump before bullish news is announced. I’m waiting for a reclaim of the POC and I may just enter.
Not financial advice
