Mullen Automotive Stock (MULN:NASDAQ)

Mullen Automotive is a consumer discretionary sector, and automobile industry stock is traded on the NASDAQ. It has had a consistently positive outcome in recent months. The RSI divergence and increasing volume seen over the last three months these are considered excellent signs for the short-term investor looking to make a mid-term investment. From a technical standpoint, this company is looking attractive right now, making it an ideal time to consider investing in it. The potential gains from investing at this time could be incredible if they continue on their current trajectory.

Virgin Galactic Holdings (SPCE:NYSE)

With the current expectation that launch testing will resume in the first-half of this year, investors are eyeing the potential for a surge in stock price as confidence builds in the spaceflight industry. In order to ensure success of their launch, the company is taking it one step further and making changes to their executive team. An agreement with Axiom Space has also been made to conduct microgravity research and a training mission, which provided an individual astronaut readiness for an upcoming orbit trip and operations at the International Space Station. 

All of this serves to further fuel investor optimism for SPCE should it remain above $4.85-$5.00, with my personal target at $8.40-$8.50 upon successful execution of said launches and missions.

BTC/USDT

This week, we’re looking at Bitcoin again, which continues to consolidate its gains nicely within a bull flag formation. It decisively cleared former-resistance-turned-support in the 20,000-21,000 zone, and rallied to its highest level since August. 

The next resistance zone for this cryptocurrency is 25,000-25,500. If it successfully clears this price zone, it would all but confirm the end of the bull market. However, this doesn’t necessarily mean it’s going right back to its all-time high. 

There’s likely to be significant resistance in the 34,000-37,000 zone to begin with, and if that clears, the 45,000-47,000 area would be next. Therefore, be sure not to FOMO into Bitcoin without a coherent plan to manage risk. Remember that it took the Nasdaq over a decade to recoup its losses from the dot.com bubble burst in the early 2000’s. We can’t rule out a similar situation in cryptos, notwithstanding the likelihood for a short-term rally to continue.

ETH/USDT

Ethereum’s rally cooled off this week after its price failed to stay above $1,660.The current trend is leaning bearish on lower timeframes, and a test of the key support at $1,550 appears imminent.

Considering the above, it is hard to expect buyers to hold onto the price in the near term as a pullback and correction seem more likely. At best, buyers can aim to defend the key support levels at $1,550 and $1,400.

Looking ahead, ETH may enter a low volatility period after such a steep rally. This could turn out to be bullish as long as buyers don’t allow the price to fall too low, allowing them to set up a good foundation for the next push higher.