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CBAT Day/Swing-Trade Idea

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CBAK Energy Technology, Inc. (NASDAQ:CBAT)  
khollspati  
NASDAQ:CBAT   CBAK Energy Technology, Inc.
Trend Analysis Chart Patterns Technical Indicators CBAT lithium-ion battery batteries EV electriccars electricvehicles charging daytrade
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trendanalysis chartpattern indicator cbat lithium-ion battery batteries ev electriccars electricvehicles charging daytrade
CBAT's descending wedge trend has reversed into an up trend.
Little resistance is expected until it hits the $6.02 local fibonacci retracement support/resistance level.
A day trade may be possible from $5.50 - 6.02 range.
*Note - Prices tend to peak between 9:30 AM and 11:30 AM EST historically (See Chart).
A swing trade may be possible from $5.50 - $7.24 over the next week.
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