if you look at the long term trend line the stock bounced off the second lowest level in its 15year plus trading history. it rebouned recently then is declining, another words the long term trend looks worse than ever.
TA is bleak, fortunately TA is only half the story, and is why bulls and bears are almost always wrong half the time. Im not saying its going up, I see more down signals than up, but there is some risk not sitting on some shares, which I am. valence dont care much for individual investors, nor do they have big long term growth goals (proof is they sit on technology for years), but they can get lucky when the whole world is shifting to battery. I would not sell if I owned, but I sure would not buy if I owned either. more shares than even and losing sales, sure they have a bunch of customers that can grow quickly and be the next smith, but they have been saying that for a couple years and who is to say they can keep them, the trump card is just a pipe dream right now.