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Aston Martin share price popped by more than 6% on Monday this week as investors rushed to buy the dip. The stock moved back to above 100p, which was much higher than the year-to-date low of 87.62p. It has crashed by almost 80% in 2022 and by almost 97% from its all-time high. The iconic car manufacturer has seen its market cap crash to about 676 million pounds. Is AML a good buy? Aston Martin Lagonda has had a difficult year as concerns about the company have continued. The company’s Formula 1 team has struggled on the track and is now languishing at position 9 in the constructor’s championship. Meanwhile, Aston Martin’s shareholders have seen their shares crash. This situation was made worse by the company’s recent dilution as it raised fresh capital. At the same time, the company has struggled to fill its many orders due to supply chain challenges. On the positive side, the company’s business has continued doing well as demand for its luxury cars remained at an elevated level. Some of its existing models have sold out while sales of its DBX model have jumped by over 40% this year. The company is also building higher-margin cars, with all the new models having a minimum contribution margin of 40%. Meanwhile, Aston Martin has welcomed deep-pocketed shareholders. Lawrence Stroll and his partners have a substantial stake in the company. At the same time, Saudi Arabia’s PIC and China’s Geely Motors have acquired a large stake in the company. Mercedes Benz is also a major shareholder in the company. Therefore, from a fundamental perspective, Aston Martin seems to be at a good place. Besides, it has also managed to boost its balance sheet by using the funds it raised to pay some of its debt. A combination of high demand for its cars, wealthy backers, and weaker sterling may help to boost its financial performance in the near term. Aston Martin share price forecast The daily chart shows that the AML share price has been in a strong bearish trend in the past few months. This sell-off accelerated when the stock crashed below the important support level at 132p, which was the lowest level in July. It remains below all moving averages while the Relative Strength Index (RSI) has formed a bullish divergence pattern. Therefore, the Aston Martin share price will likely continue rising as bulls target the resistance at 132p, which is about 30% above the current level. A drop below the support at 90p will invalidate the bullish view.