RIVN rises with LCID while FSR fails LONGRIVN popped today while FSR got halted and will be delisted. The 4H chart with BB and a
predictive algo added suggest it has room to 13.25. The indicators are supportive of that
forecast. I will take a long position here with a stop loss under the lower BB line. As to
my FSR put options I will watch them rise until expiration time. No hurry. No worry there.
RIVN's new models and FSR's demise should help for some bullish momentum until RIVN
catches a bit of FSR''s issues.
Autostocks
GM may be pivoting down SHORTGM on the weekly chart has ascended to the top of the high volume area of the long term
volume profile. The predictive algorithm forecasts a bounce down from that level. The
MACD indicator shows lines crossing over the histogram while the RSI lines are in the 60s
about the same level as the market pivot in 2022. The Supply / Demand indicator has the lines
with zero slopes ( flat) and ready for a reversal. Fundamentally, GM is challenged by the
dynamic between EVs and hybrids moving foward and federal mandates on fleet production
efficiency quota. I will take a short trade here along with Ford.
F Bearish Bias Again SHORTFORD ( F) on a weekly chart is in a falling wedge pattern. Fundamentally, it is challenged
by the EV vs hybrid dynamic, weak EV sales and the federal slowly ramping up MPG
requirements as potentially rising gasoline prices affecting consumer decisions away from the
gas consuming F-150 where the profits are the highest. Unless F can breakout of the falling
wedge, price could compress further in the wedge with a move down as far as 9.
At present F is testing the upper resistance descending trendline. The predictive algorithm
suggests it will be rejected and fall. I am entering a short trade here for a long term swing.
RIVN guides itself lower- but is it a dip buy? SHORTRIVN spends more to produce of its nice truck than it sells them for. This is a recipe for a
disaster which is now baking in the oven Earnings have plummeted. If guidance was better
than realities forecast there might be a dip buy here. i have a variety of positions shorting
RIVN when it runs a countertrend correction I will take a hedging long position until the
correction is over. I use these shorts to balance my portfolio against risk from an overall
falling market. Balanced in short vs long positions dollar for dollar and in the options
balanced in expiration times spread across the next almost two years. I find this keeps
the portfolio safe. I also look to LCID for a similar scenario while having a bullish bias on
WKHS. NKLA is a whole 'nother story. SHORT RIVN do not dip buy .
The chart is what you might expect. The disaster is what it is. This is basically a falling wedge
and no where near impending a breakout upside.
TSLA to FORD Ratios of share price and market cap over time On the weekly chart, the TSLA /F ratio is plotted versus time. An ascending ratio suggests, TSLA
market cap is dominating FORD while a falling ratio is the opposite. If a trader is trading both
of them this charge helps guide relative momentum and so also trading decisions related to
the shift in the EV trend and other related long-view concepts. FORD just did a big earnings
beat. While TSLA is sideways at best, FORD popped 8-10% which will reflect itself in the overall
weekly candle being red and somewhat engulfing. I am hopeful those trading both Ford and
Tesla find this helpful. Zooming into daily or 2-5H time frames may reveal more dynamic
price ratio action.
PRITIKA AUTO INDUS - GOOD VOLUMECan Enter at CMP 41.30 or Enter at 37 level
If again falls then you need to average at 26 level
BEST STOCK TO INVEST
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ASHOK LEYLAND BULLISH CUP & HANDLE BREAKOUT | 1:2.5 RR | SWINGAs Nifty is trading above its resistance area, it looks like the growth is being pushed by AUTO and FMCG Sector.
AUTO Sector has recently broken out of its resistance area and it seems it will continue to go higher in upcoming weeks.
Checking out AUTO STOCKS, Ashok Leyland looks a good pick.
The price has broken out of its resistance area and is trading above Daily 200 EMA.
Also, the price has broken out a Cup and Handle Pattern, which is a bullish pattern.
Entry- 147.5
TARGETS
1- 154
2-160
STOP LOSS
For aggressive traders- 144
For conservative traders- 142
This is a SWING TRADE
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Greves Cotton Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Company is focusing on accelerating adoption of electric vehicles and transforming last mile mobility with clean transport solutions has strengthened their leadership position in this fast-growing electric auto market. Company posted net profit of 32.3 crore & net loss of Rs 23.3 crore. Stock has beaten 3 year revenue CAGR. Electric mobility segment posted highest ever quarterly profit.
TATA MOTORSHello and welcome to this analysis based on Harmonic Trading Patterns
In the daily time frame it has made a Bearish Harmonic ABCD pattern with perfect balance symmetry.
It could retrace down to 440 - 430 as long as it does not trade above 461
As per Option Data also July Series 460CE is seeing fresh shorts being added and 440PE is seeing short covering. While August Series 460CE has already formed a very strong OI resistance with more being added currently.
M_M might move towards 800 levelsDaily Chart - Stock is mostly sideways on the daily chart.
Hourly - Stock had lower low, lower high structure, though recently the length of downswings are getting smaller and stock also went above previous high, and it looks like it is started to create a higher high structure.
Hence sustaining 748- 745 levels, it can move towards 800 in the coming week.
GM UptrendSince the beginning of the year General Motors has started doing healthy bullish things on its chart.
We have another uptrend that is in play, and if the trend holds we can look for a retest of the $60.30 resistance level. A break and hold above that level could send us 15% to the upside to the top of the channel.
***Also, please be aware that the current market is fueled with uncertainty at the moment, so a breaking of this uptrend is very much possible. Until then, however, we assume GM remains in the trend until it doesn't.
If the trend breaks, we have our stop losses at $57.43 and the final line in the sand at $55.82.
General Motors Pulls BackGeneral Motors has been in the fast lane since the fourth quarter began. It’s now having its steepest pullback of the rally, offering momentum investors a potential opportunity.
The first feature on GM’s chart is yesterday’s hammer candlestick. Sellers tried to push the shares below $41 but weren’t able to keep it there.
Second, that $41 level is potentially important because it’s near the daily closing highs in July 2019.
Next, GM’s stochastic oscillator recently fell to its lowest level since August 2019. That may suggest a deeply oversold condition.
The automaker’s fundamentals have also improved – in both the near term and longer term. In the near-term, GM has gotten a huge margin boost from SUVs and pickups. Last quarter, for instance, revenue barely beat estimates but profits were almost double consensus.
Over the longer term, CEO Mary Barra is pushing GM toward electric vehicles with the development of its Ultium drivetrain. That could lift valuations because GM trades for less than 1 times revenue. In comparison, Tesla trades for more than 20 times revenue.
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May have found a base and turn upAfter reaching an ATH just above 75, the price has since fallen back and consolidated after failing to reclaim the upward trend line. Long entry above 51.49 is a confluence above the.236 fib as well as the VPOC, more conservative entry is at reclaim of the trend line. This may also have a possible earnings run-up approaching late November.
GM and Palladium: Interesting chartWe have a sizeable spread in $GM vs $XPDUSD currently, and price is trending up strongly in daily and weekly $XPDUSD.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see $GM gain steam from there onwards.
I'm currently long $GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.
Cheers,
Ivan Labrie.