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Could This NYSE American Profile Displaying Over 100% Potential Upside To An Analyst Target Be Breakout Ready?
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August 17th
Good Afternoon,
It's time to take it up a gear. I've been following a specific profile closely and due to several potential catalysts, it will require your full attention immediately.
This breakout idea is an NYSE American profile operating within a burgeoning market filled with growth potential.
At 7:00PM EST today, you'll receive my complete report.
MarketsandMarkets projects the electric vehicle market to reach approximately 34.7 million units by 2030 from an estimated 4 million units in 2021 for annualized growth of 26.8%.
To put it simply. If this growth continues as expected, it could be game-changing news for this tech company.
Even more, there are a couple key potential catalysts that could spark a possible breakout for this profile. Check them out:
Potential Catalysts: The Top 3 Reasons This NYSE American Profile Needs Your Full Focus
#1. At close on Monday, this profile was displaying over 100% potential upside to at least on analyst target.
#2. Additionally, Barchart is reporting this profile (at close Monday), to have at least 8 triggered technical indicators in the short, medium, and long term.
#3. Announcing their Q2 financials recently, the company shared that they've seen year-over-year revenue growth north of 200% compared to Q1 2020.
With this news and tons of other positive happenings throughout 2021, this company could become a major target of Wall Street in the near term.
Since you have some time now, I recommend doing this: