Key Takeaways
- Mobileye shares fell 28% this week as investors were left unimpressed by the autonomous driving company’s presentation at the CES consumer electronics trade show in Las Vegas.
- After bottoming out in mid-September, the stock has trended higher within an orderly ascending channel, but recently found significant resistance near the pattern’s upper trendline.
- Investors should watch crucial support levels on Mobileye’s chart around $15, $12, and $10.50, while also monitoring a major overhead area near $24.
Mobileye Global (MBLY) shares lost more than a quarter of their value this week as investors were left unimpressed by the autonomous driving company’s presentation at the CES consumer electronics trade show.
Bloomberg…
