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Arcimoto (FUV) – Develops Three-Wheeled Electric Vehicles

Updated: 17 Aug 2021

FUV is attempting another break above the $16.50-$16.80 area. The First attempt failed as the stock needed more time to consolidate and shake out weaker holders after it broke above the downward trending trendline at the end of May, and quickly doubled in price.

Keep in mind that the earnings season is heating up, with a lot of big names like AAPL, MSFT, AMZN, FB, TSLA scheduled to report this week, along with the FED, which is scheduled for Wednesday and could impact the market.

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