Looks good from previous impulse and correction to this most recent jump.
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Tesla Looks like its close to a bottom in this correction. Will need a 5 wave impulse and 3 wave correction to confirm
Tesla hit my previous target for wave c based on the chart at that time. C wave bottom could be in at this time but leaning towards another move down.
Think 3rd wave is in and waiting on a 4th at this point
Still appears that wave B is in and looking for a wave C right now. The bullish 5 wave count hasn't broken down yet ~$1540 so I'm still watching out for that possibility.
Valeo recovered 78% from the drop initiated mid February. The share price increased sharply after the announcement of the stimulus packages to the automotive industry accross Europe. Barclays has just raised their share price target to 30 euros. Worth looking into buying on a pullback towards the 22 euros support line with a target near the 28 euros resistance.
Looks like tsla close to top in a wave B. I outline bullish scenario where we continue on to see a 5 wave move and correction. Looks bearish to me right now and if it breaks below 1550 I will turn more bearish
Ford with a nice impulse it appears. Guessing we will have a correction soon for this wave.
Current Count for Tesla. wave 5 of 3 moved a lot further than anticipated. Expecting lower A then a B and lower C to finish a 4th wave and start 5th wave. This count invalidates if it drops below ~$850 which is a very deep stop at this point
Leaning bearish on Ford right now. Its close to invalidating my bullish count. More bearish if it breaks below ~$5.5
🚗 CarMax (KMX) slayed it last earnings season. While projections are grim this quarter due to the COVID slowdown, the longterm bull trend of CarMax and its general performance as a company ultimately has us looking for more upside. Not only does CarMax have a strong presence in the in-person used car economy, but it also has a strong presence in online car sales...
NASDAQ:CAR The Idea is to go long, mainly because the top resistance line has been broken and because Enterprise has been bullish since last month and I do not see why Avis should not follow Enterprise Car rental. (Hertz is a totally different story and it is complicated to compare Hertz with others Rental cars)
NASDAQ:CAR Short term - go long Long term wait to see if the support line will be broken before buying (Option A) or selling (Option B)
I believe down trend on DJI still continue. Automobile companies are having big trouble for selling cars. That will be affecting to whole the market.
Major automobile manufacturers including Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Tata Motors and Honda on Sunday reported a high double-digit decline in their sales in August as the Indian auto sector continued to reel under one of the worst slowdowns in its history. It looks like there is no reason for the reversal yet...
Potential support for NIO at 2.50. I will update NIO welcome to follow the big potential Don't try to cath a falling knife. No forcast, nor exitement as it still on a pretty steep slope down...
GE is currently hanging out around the .5 Fib level, could easily see this breaking back to 12.13 in the near future. TP1: 11.15 TP2: 12.13 SL1: 9.76 SL2: 8.88