$Chijet Motor (CJET.US)$ current position of Chijet Motor C...
$Chijet Motor (CJET.US)$ current position of Chijet Motor Company Inc.denotes a high-risk investment. The company's financials reveal more liabilities than assets, a significant negative working capital, and ongoing losses that have led to negative equity. Such a precarious financial situation combined with its recent stock performance suggests a volatile market presence. Moreover, being far from its 52-week high and lacking acts as a negative catalyst contribute to the stock's unstable outlook. Hence, considering these aspects, weighted heavily are the financial instabilities, leading to a high risk.
Support and Resistance Levels
Identified resistance level @ $6.64, which aligns with the recent breakout high.
Significant support found @ $3.14, considering it's a recent low point. These levels are vital as they represent key psychological and market-tested points that could influence future price movements. The resistance level suggests a potential ceiling in price, while the support level may act as a foundation where buyers might emerge, preventing further declines.
Identified resistance level @ $6.64, which aligns with the recent breakout high.
Significant support found @ $3.14, considering it's a recent low point. These levels are vital as they represent key psychological and market-tested points that could influence future price movements. The resistance level suggests a potential ceiling in price, while the support level may act as a foundation where buyers might emerge, preventing further declines.
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#unprofitable part time trader trying to make breakeven money aiming for consistent 5- 💯% or little more/trade.
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101674396 : Yes. Sir . Any chance to bounce back . ?
Iwill TradeScared OP 101674396 : I don’t know just watching …this stock failed to test 1 year high 5 times not good for short or long term investment only day trade if any positive news or something if not don’t go down with ship