This is my chart for what its worth.
The descending triangle indicates possible breakout in anticipation of the PFS.
The PFS will be the catalyst for change.
Fundamentally ARL is in great place, with all the changes taking place in the EV industry.
Governments around the world are driving change with diesel ICE bans in German cities, with outright import and sales restrictions on ICE effective immediately in some countries, gaining momentum in others.
The confidence of people in general is being tested with regards ICE, this will gather momentum, as people will want to preserve their financial investment in mobility, depreciation in ICE cars will be severe in the coming future.
In my opinion we have passed the point of no return, EV is the future, like it or not.
Long live the V8 classic supercar.
RED
ARL chart, page-40
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