Could not imagine, that this incredible rising in price & Volume is only driven by traders. This huge(!) accumulation of shares of some investors MUST be based on special insider knowledge - maybe insiders? Don't forget, that prices were over 70 USD. Price: 4.99
After long period of consolidation, SAIC is of all Chinese E-Cars Producers in second line. But - Most others (NIO, BYD etc) gained in a very short time. The potential is in short time limited, especially NIO is very much too high. In hunting other shares, the market will discover SAIC & push'em up. technical remarks: - good OBV - outbreak Chanel - double bottom...
Since Okt 2020 hyper hyper with Chinese E-Car. Chart shows relative strengthness on various Producer. Important: Baidu only with statement to produce E-Cars.