Bank on government mandated climate change transition to EVs Tritium DCFC saw a large increase in valuation after the US president mentioned the company in a press conference.
Market participants clearly acted irrational after the announcemnt as shown in the chart. DCFC reached the $20 range and has since sold off to the $10 range.
This reversion back to an efficient market valuation is a buying opportunity. I believe there will be more announcements in the future that will induce another irrational buying event in combination with efficient market increases in valuation as the take up of EVs increases.
Increasingly governments are being pressured into reducing carbon emissions in the name of climate change. As a result, net zero 2040 targets will make fossil fuel combustion engines a large target for government intervention. DCFC is positioned to capitalise on this transition due to proprietary technology that currently takes approx. 10 minutes to fully charge a car with a range of 350 KM.
This transition will also reduce reliance on the Middle East for energy. So you can see why this transition is a good investment by governments, particularly ones who do not have sovereign oil production capacity.
NOTE: The UK and Europe have enacted significant legislation that forces this transition. For example, new homes in the UK are required to have EV charging ports and petrol car sales will be banned from 2030.
Betting with the government is typically a sure win, particularly when the new technology can disrupt a legacy market with new technology.
Media announcement February 8, 2022 — In an effort to increase sales, localize production and expand electric vehicle (“EV”) charging infrastructure in the United States, Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global leader in direct current (“DC”) fast chargers for EVs, has announced plans for expansion of its American footprint with a new manufacturing facility in Lebanon, Tennessee.
The Infrastructure Investment and Jobs Act (“Bipartisan Infrastructure Law”) is expected to provide $7.5 billion of investment for deploying a network of 500,000 EV chargers along highway corridors in the United States. This network is intended to facilitate long-distance travel, as well as shorter distance travel within communities, to provide convenient charging options and encourage the electrification of transportation across the country.
Electric
EV or ICE?Looking at some of the remarks Cathie has made lately... EVs are only 2% of $F sales. Can $F make a full switch to EV over ICE in the next 5-10 years? Results? I would think we'd see the same explosive growth $F saw in the 80s. The initial reaction to the stock price so far on the promise $F is taking EV seriously and potentially its future has me feeling great about my position i started in 2018 and will be holding for a long time.
$USOIL 12/21 chart update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
!! This chart analysis is for reference purposes only !!
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$GE earnings analysis *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been digging into global tech company $GE for the past few days in anticipation of their upcoming earnings report. $GE continues to be a dominate power in air travel (aerospace engines), precision public health (medical diagnostic equipment), and energy transition (steam and wind turbines). This company is a triple threat and certainly not a force to be reckoned with.
$GE has a great technical set-up right now on the charts as well. If $GE has an earnings beat pre-market expect current resistance at $115-116 to be broken sometime during the day. My team still has yet determined a good take profit on $GE due to a lack of uncertainty in the companies potential. However we believe that $145 is a key zone to look at if an uptrend does emerge.
My team entered $GE on 10/25/21 at $104 per share. This is a long term trade.
Earnings are expected to be announced premarket on 10/26/21.
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$CHPT sniper edition #3*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My teams trading history with $CHPT is nearly perfect. Somehow we just always seem to get this one right. Our average price per share before averaging up today was $20! (View previous postings for details)
My team averaged up on our position today at $23.29 per share bringing our share average up to 21.11. We have also lowered our take profit 2 from $42 to $32 per share.
1ST ENTRY: $20.7
2ND ENTRY: $19.35
3RD ENTRY: $23.29
TAKE PROFIT 1(HIT): $28
TAKE PROFIT 2: $32
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$ORLY: Oh-oh-oh-oh-maybeeee? ♬O'Reilly along with other automotive retail are potentially showing promise after the XRT rout. Being in a higher market cap than comparative retail stocks could help ORLY benefit in a deflationary environment assuming the dollar trends higher in the intermediate - long term. Gas or electric and an ever growing group of DYI'ers automotive retail stands to benefit long term in my opinion.
Keysight Selected by NIO to Verify Connectivity in EV'sKeys has had a great run throughout the last 12 months but has been pulling back down to its previous support / resistance area where it will be interesting to see if it bounces or continues down.
I did spot that in todays news, NIO has announced that they will be using KEYS to help test various connectivity functions within their Electric Vehicles. NIO is a pretty pumped stock so I wonder if there will be any flow on affect across to KEYS when the news spreads wider.
One to watch.
12 month view
$RMO we hit and quit for a 18% gain*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: On November 2, 2021 my team entered lithium-ion battery company Romeo Power $RMO at $4.45 per share. Our first take profit was set at $5.25.
$RMO released their 3rd quarter earnings report today after market close. In this report they reported a loss of $0.20 per share on revenue of $5.8 million. After this announcement $RMO experienced a very brief price jump to $5.70, but since then it has trickled back down to $4.78 per share.
My teams first take profit was hit post-market at $5.25 per share today. We sold all of our shares at $5.25 as we anticipate $RMO to stay within the $4-$6 range until they get around to announcing their 4th quarter earnings. We believe that this price range is a fair estimate, however this could change on the drop of really good or bad news.
We still believe in $RMO long-term, however we did not have enough sentiment to continue holding once our first take profit was hit today.
My team has made a gain of 18% from this trade.
Congrats to those of you who took this trade with us.
ENTRY: $4.45
TAKE PROFIT 1 (HIT): $5.25
TAKE PROFIT 2: $7.00
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$CHPT my team is up 40% we keep winning*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines since, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also had a buy order at $19.35 which was activated a couple of weeks ago.
My team had set our first take profit at $28, but we were able to exit pre-market at $28 this morning capturing a 40% gain.
Going forward my team will be looking for further entries so that we can accumulate more shares before we hit our take profit 2 later down the road.
Congrats to those of you who this this trade with us!
1ST ENTRY: $20.7
2ND ENTRY: $19.35
TAKE PROFIT 1(HIT): $28
TAKE PROFIT 2: $42
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WKHS Analyst Price Targets and Shower Squeeze PotentialWorkhorse Group Inc. (WKHS) share float shorted: 36.60%
Yesterday $35.8Mil buy order at $7.17 covered with puts at 5 i think. 5.7K puts.
With this new EV frenzy, my price target for a potential short squeeze is the 12usd resistance.
You can see on the chart other price targets from analysts.
I look forward to read your opinion about it.
$WKHS the holy grail*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Workhorse Group $WKHS is a soon to be tech giant that manufactures and sells high performance trucks. Earlier this year my team road the $WKHS wave from the low 20's to the high 40's. This was back when everyone thought they were a sure pick for a USPS deal that ultimately fell through.
After downtrading from its all-time high of $42.96 $WKHS now sits at just $7.22 per share. Shares are incredibly cheap at this level. If $WKHS was being considered a contender for that USPS deal then its makes sense to think that they can turn things around if the right news gets out there.
My team entered $WKHS today at $7.20 per share capturing a nice -7% dip. This is a long-term hold, our team really loves $WKHS
$WKHS is expected to announce their third quarter earnings on 11/11/21 but this date is subject to change.
ENTRY: $7.20
TAKE PROFIT 1: $9.50
TAKE PROFIT 2: $16
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$RMO grab it before its hot*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been analyzing lithium-ion battery company $RMO for the past couple of months waiting for the right opportunity enter this battered down gem. Today was that day. My team anticipates players who are interested in $RMO to begin adding while shares are still cheap for a nice run-up into earnings.
We entered $RMO today at $4.45 per share and have set our first take profit at $5.25. This would be a percentage change of %18.
Earnings are expected to be released on 11/14/21. This date is subject to change.
ENTRY: $4.45
TAKE PROFIT 1: $5.25
TAKE PROFIT 2: $7.00
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HYLN looks bullishHYLN broke downtrend resistance and holding well above support. Also, large dynamic support at $7.91. If continues uptrend, HYLN first target is $9.26 which is in line with the 200 MA on 4 hour. - HH
$CHPT Oct Update *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
After correcting from a previous all time high of $49.48 $CHPT now sits at $20.00
Recap: My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines for the past few weeks, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also had a buy order at $19.35 just in case $CHPT decided to trickle down to previous support levels in such price ranges.
Things are looking great here for us guys at @SimplyShowMeTheMoney to say the least. The candle on todays close is a true beauty.
My team has set our first take profit at $26.5.
We speculate that the EV market as whole is due for a massive rebound due to semiconductor production recovering this fall. Expect our team to capitalize on this opportunity and many others.
Winter is coming...
ORIGINAL ENTRY @$20.7
BUY LIMIT HAS BEEN ACTIVATED @$19.35
TAKE PROFIT 1 @26.5
TAKE PROFIT 2 @$42
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is $CHPT ready to charge once again?*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
After correcting from a previous all time high of $49.48 $CHPT now sits at $20.68.
My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines for the past few weeks, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also have a buy order at $19.35 set in place in case $CHPT decides to trickle down to previous support levels in that price range.
My team speculates that the EV market as whole is due for a massive rebound due to semiconductor production recovering this fall, and we plan to capitalize on this opportunity.
ORIGINAL ENTRY @$20.70
BUY ORDER @$19.35
TAKE PROFIT @$42
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PCG - Going as Planned***None of the idea I share, including this one, should be taken as financial advise. Tread lightly and if ever you find yourself certain of something, think again.***
Previous Idea and Trend
In my previous idea (linked) on PCG I said I'd expect this stock to struggle downward most of the summer and reach a strong support level in the low $9.00 range. This has been the case so far and there's not much that's changed to affect my view, at this point.
Reiteration
I still believe the current price level is this stock's bottom until there are other catalysts. It will remain around this level for the remainder of the summer with a possible break-out later this year (October or November).
Other News
PCG's decision to burry 10,000 miles of cable to mitigate fire risk is, in my view, an attempt to save face given the present concerns over PCG's role in the Dixie fire and sensitivity around the wildfire subject at large. I say this because cable burial, even when done as cheaply as feasible, is very expensive when compared to overhead installations. My preference would have been for PCG to make large investments in overhead protection of assets (specifically fuse-linked cutouts and surge-arrester failures). There are plenty of asset protection devices that almost completely mitigate the chance of asset failure and subsequent fire creation. This could have been done with fractions of the cost of cable burial and could have been done system wide instead of only across select segments (where the likelihood the most effectual burial segments could be miss-identified is high).
In my estimation, this move's short-sightedness it mitigated by the comfort provided from concern management is showing toward future fire prevention.
Dixie Fire and PCG
From what I've read, it seems very unlikely PG&E had a role in starting the Dixie fire; more so considering the exact verbiage of any legal challenge would include the word "negligent". Thus far, legal "challenges" have been political in nature rather than legally interesting: All fear, loathing, and grand-standing. Even if PG&E is found to have behaved negligently resulting in the Dixie fire, the structure of AB 1054 provides reasonable downside protection.
The Fed's Role
As always, in this current market, we have to consider Fed actions. If talk of asset tapering manifests into actual tapering I would expect this stock to fall. We shall see.
Position Additions
I'm still not looking to add to my position until the common stock reaches mid-to-low $7.00 range.