It’s been two months now since we last wrote about IDEX, which you can read here. IDEX closed that day at $.84 a share. Since then, IDEX has been stuck between $.80 and $1 with a few brief spikes above $1. We told our subscribers that IDEX was still a good play, but that we needed to see a sustained move above $1 confirmed by volume.
Last week, we finally got the confirmation we’ve been waiting for. We believe that everything has finally come together for IDEX to make a run just like SOLO has. Matter of fact, we will admit that we failed to capture the move in SOLO as we never bought into the SOLO story. For those that bought into SOLO, the best bet is to sell SOLO and buy into IDEX because IDEX is a much better company and has yet to make the move.
As you can see from the chart above, SOLO has been on an epic run. The best part about IDEX is that the chart for IDEX is similar to SOLO before its big run.
In this article, we lay out the bull case for IDEX and why we believe Ideanomics is gearing up to be one of the biggest runners as we head into 2021.