SERV has emerged as a popular new stock that was listed for public trading in April of 2024. One of the key headlines that stands out to me is that Nvidia has a 10% stake in the company, which makes me interested. There has been some upside for SERV’s stock price so far but we have limited data to analyze the stock since it is new. I think the price is trading near the highs of the range, and I personally have no interest in making an investment here. I prefer to buy at a lower price preferably around $1-2, and I wouldn’t buy at current price levels. There is a bull pennant pattern forming here for those who do want to trade the current price action. The pennant is trading within a range between $10.60 and $13.50. I think the Serve Robotics concept is likely to face technical issues, and there could be steep selloffs if bad news come out. I will patiently wait for the right time to buy.
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