Any good deep dive on Enovix $ENVX?

It’s been on my watchlist only because of Marc Cohodes, and it has basically doubled in the last 3 months…is it time to have a deep look at it?

$5b market cap, lithium-based batteries manufacturer (what’s a 3D cell?), new product for AR glasses…

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Michael Panebianco's avatar
Fundamentally, not a clue.

Technically, I'm waiting for a better entry as I'm expecting a retracement shortly. There's a bearish divergence on the RSI and the chart is forming an upward wedge pattern.

Looks to be a promising piece but I'll be waiting for a short while.
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Miquel's avatar
@tecantra I wish I could understand what you just said… 😂
I know little about the industry, but it looks like if AR is a long-term tailwind for $ENVX
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Michael Panebianco's avatar
Haha, no worries :) Basically, I expect that there will be a buying opportunity at $31 or lower before the end of the year.
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Miquel's avatar
@tecantra Let us know!! ;)
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Michael Panebianco's avatar
Will do mate! I'll add it to my 'Commonstock Watchlist', set some price alarms, and let you know when stuff happens :)
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Nathan Worden's avatar
Love the collaboration on here of people with different investing styles. Some people think that fundamental and technical analysis don't mix, but I see proof every day that the two can be in conversation with each other.
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