Electric
BLNK LevelsWith a break in 50 day SMA NASDAQ:BLNK has moved to it's next important level of support. NASDAQ:TSLA promised some large advances over the next 3 years in the EV and electric power scene and has sent the whole EV sector into a short term tumble. BLNK has faced a short term downside, however in the longterm, cheaper materials, quickly advancing technology, and election year will likely make this sector a winner. Big names like NYSE:GM have began to lay groundwork for their own cost sensitive EV. The only question is when the bounce will happen. There is a lot of downside if support breaks today. The curved line is the path post correction.
Lithium Batteries - Pure PlayLIACF has been bottomed from 2016 high and recovering from long legs with room to go.
* Volume spike 2 days now
* Trend line broken in heavy volume
* Lithium demand for electic battery storage LIACF TSLA NYSE:NAV
NIO:NYSE - SuperTrail and Trade Station working togetherLot happening in this chart of NIO, but thought I'd just show you how a live trade looks in TradingView using Trade Station.
You can see on the right hand side where I bought the stock (added automatically by TradingView and doesn't move), and where my current stop loss is set (this one I can adjust and move up and down to change my stop). I could also add a take profit (also adjustable) if I wanted to try and take advantage of spikes - like in this case where it spiked just short of $21 before pulling back.
You can see at a value of 20% for a SuperTrail / Trailing Stop Loss where I have entered and exited the trade (as confirmed by the Trade Station buy line). You can also see the approximate gains made if you had trusted and followed the trail. I think its interesting how before and after the buy and sell the 20% signal remained true for this period.
Best thing I like about the trading integration with Trading View is how easy it is to visualise where your entry and exits are, and you can literally just drag the line up and down to change your position. Its cool. I like it.
Tesla buying opportunityI like the setup still overall. Looks like its moving towards a wave C. Watching for an impulse up and correction to buy or if its looking like bottom in 5th wave. potential bottoms ~1460 or ~1450. count invalidates ~1420 and looking for a change in count. This impulse is based on a weird wave 1 so its not a perfect setup but I like it.