Mullen Automotive $MULN Stock Reversal On Bullish Option Flow

MULN stock is powering higher off a bottom making it a turnaround stock candidate as of March 20, 2022. A massive wave of bullish option flow was also detected in the stock.

MULN Stock Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

Mullen Automotive Featured by Yahoo Finance Live

On March 17, 2022, Mullen Automotive, Inc. (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, announced MULN’s feature on Yahoo Finance Live, the world’s biggest business news platform. With nearly 100 million unique monthly visitors making it the number one finance website in the U.S., Yahoo Finance provides free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction, and mortgage rates that help people manage their financial life.

Reporters Rachelle Akuffo and Brad Smith identified Mullen’s progress on solid-state battery technology, positive coverage on CarBuzz (available to read here), strong performance in a recent EV market study, and significant domestic presence as being the top reasons contributing to the uptick in the Company’s stock performance. The full Yahoo Finance Live feature can be accessed here.

“I am proud of the incredible progress Mullen has made so far, but we’re just getting started,” said David Michery, CEO and chairman of Mullen Automotive. “We have a great deal of momentum right now and I’m glad to see mega sites like Yahoo Finance are taking notice of our potential. I am also thankful to all the people who have kept their faith in Mullen so far.”

Mullen has recently announced a string of key partnerships with hofer powertrain, Comau, ARRK, Dürr, and DSA Systems for EV powertrain, engineering, manufacturing, vehicle production systems, and Over the Air (OTA) and vehicle system diagnostics respectively. The Company expects these strategic developments to play a crucial role in bringing the FIVE to market with the latest technology and least amount of time. Mullen FIVE was also named “Top Zero Emission SUV” by the ZEVA® Awards at the Los Angeles International Show in November 2021, where it made its debut.

Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.

Mullen Featured on CarBuzz; The FIVE EV Crossover, Production Plans and Market Strategy Discussed

On March 14, 2022, Mullen Automotive, Inc. (NASDAQ: MULN) announced a recently published feature by CarBuzz highlighting the Company’s high-performance EV Crossover, the Mullen FIVE. With over 9 million monthly visits, CarBuzz is the world’s premier car-related news site and app that covers the industry’s latest happenings in the world of automakers, sports cars, muscle cars, supercars, trucks, SUVs, off-roading and everything in between.

“I had a great discussion with Ian from CarBuzz about our EVs and plans for the future,” said David Michery, CEO and chairman of Mullen Automotive. “I’m delighted that leading automotive publications like CarBuzz are covering Mullen and providing readers with an opportunity to learn more about us.”

The CarBuzz article featured interviews with Michery and Vice President-Mechanical Systems Marian Petrelecan and covers a number of topics, including Mullen’s financial model, partnerships, market strategy and more.

Financial Website Insider Monkey Names Mullen Automotive a Top Penny Stock to Buy in March

On March 9, 2022, Mullen Automotive, Inc. (NASDAQ: MULN) announced that a recently published article by Insider Monkey has named $MULN a top penny stock with enormous growth potential to invest in during the month of March 2022. Founded in 2010, Insider Monkey is a finance website that uses a proprietary strategy to identify the best stock picks from exceptional hedge funds and insiders.

“Mullen has tremendous long-term growth potential, and I am glad to see that being recognized,” said David Michery, CEO and chairman of Mullen Automotive. “As mentioned in the article, our work in solid-state EV battery development, with over 600 miles of range, along with 120 technology patents in 24 countries are just a couple among many reasons why folks should have MULN on their radar.”

The Insider Monkey list was curated based on stocks with enormous growth potential in biotech, energy, cybersecurity and other technology sectors. Upcoming growth catalysts, analyst ratings and business fundamentals of each stock were taken into consideration to identify the most exciting ones. The hedge fund sentiment around each stock has been derived from Insider Monkey’s database of 924 elite hedge funds and was provided to give readers better context for their investment choices.

📺 Mullen Automotive MULN Complete Stock Analysis 🚀

Mullen Automotive MULN Complete Stock Analysis 🚀

📈 MULN Stock Technical Analysis

The short-term trend is positive, while the long-term trend is neutral. So this is evolving in the right direction. Volume is considerably higher in the last couple of days, which is what you like to see during a strong move up. Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry. MULN is currently trading in the lower part of its 52-week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it is still sitting in the middle of its 52-week range.

The technical rating of MULN is bad and it also does not present a quality setup at the moment. MULN stock has a Setup Rating of 2 out of 10. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts on when MULN stock consolidates and has a Setup Rating of 8 or higher.

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