As the Internet of Things, artificial intelligence and autonomy find their way into automotive designs, we are expecting more and more out of our cars.
Functions such as object-recognition, machine learning, and even rendering graphics for HMI systems are too calculation-heavy for microcontrollers to handle.
Technical traders believe that a breakout above the resistance price means that stock price is increasing further, so the trader buys the stock.
On the other hand, a breakout below the support level indicates that the stock price is moving even lower, and the trader sells the stock.
The automotive industry on the whole were happy with this risk.