In the last post about Proterra (see Company Insight: Proterra), I mentioned the stock price being range-bound and moving sideways without any clear trend. After the earning report, the price has broken the support at 13.25 USD and seems to be consolidating inside the range between 10.5 & 12 on the 1D timeframe chart. The volumes are much better than the last period of consolidation between the beginning of March and mid-July. Moving averages, MA100 and MA50 curves show a downward trend, while the MA 10 seems to be flattening out indicating a consolidation.
On the weekly chart, as mentioned there seems to be a downward trend on an MA10 curve.
In conclusion, I would wait for the earnings report later in August (11th Aug to be precise) to see how the business is performing and wait for the price to break out before building any further position in the stock.
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