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Workhorse - finished accumulation, is the stock headed to 30$ ?Workhorse is one of our favorite EV stocks, one of the reasons for that is because it's been around for a while (started in 2007) and they are not just dealing with EV and EV batteries but also with Drone technology. Drone technology is expected to grow its use widely in the USA and following the announcement of the FAA that drones need to remotely identify themselves while in flight 2 weeks ago, made us the investors understand drones are getting into the mainstream technology space. It's worth mentioning here that Boeing (BA) got several contracts from the US Army to build advanced drones with minimum human supervision and a high level of AI and automation that will make drones the perfect tool for espionage and other covert missions. One last thing to mention on WKHS is their big contracts for delivery trucks with united states post office service (USPS) which we were a bit hesitant about till a few weeks ago when they announced it is going as planned. Let’s talk about the important part – Technical: So, this is pretty easy to understand – WKHS has been trading sideways from the beginning of December from 20$ to 23$. The stock broke resistance level on Jan 5th and the 23$ line is now our new support level, although it needs to be tested again. After the rally stock went down back to the 23$ line and now we are facing two possibilities : 1. Stock breaks through 27$ line and starts accumulating there and then touch 30$ 2. Stock drops to the 20$ line and from there we will see a sideways trend for several weeks to months. If we see the second option happening this will be a great time to do more ‘dollar cost averaging’ and buy the stock at a low price. We do not have a doubt that WKHS is crossing the 50$ line before the end of 2021 – I believe way before… One main thing we need to watch is the volume of the stock: avg volume last 3 months is: 14.7M avg volume last 1 month is: 17.5M avg volume last week is: 9M We can see a decrease in volume meaning a lower sentiment (“Buzz”) around the stock. But I will use a quote here directly from InsiderMonkey: “WKHS has seen an increase in hedge fund interest lately. Workhorse Group, Inc. (NASDAQ: WKHS) was in 13 hedge funds’ portfolios at the end of the third quarter of 2020. The all-time high for this statistic is 10. This means the bullish number of hedge fund positions in this stock currently sits at its all-time high.” This is big news for the stock and it means we are looking at an accumulation stage before a mark-up phase which will cause the stock to rally up again!!! We are long on the stock and we will keep buying more in our portfolio. Trade safe and be safe!! FDGT Academy.
NASDAQ:WKHSLong
by FDGT_academy
2
Launches First Electric Vehicle & Hybrid Focused Shopping HubCarParts.com Launches First Electric Vehicle & Hybrid Focused Shopping Hub This week launched a new dedicated shopping hub for the hybrid, plug-in hybrid, and electric vehicle (EV) community. The ecommerce retailer is transforming the way drivers shop for auto parts, so naturally, building an online store for EVs and hybrids is the next big investment in the company’s growth and commitment to getting drivers back on the road. In recent months, CarParts.com’s product offering for EVs and hybrids has grown to include over 700,000 applications for the repair, maintenance, and enhancement of hybrids, plug-in hybrids, and EVs. Aftermarket parts are available for over 25 popular vehicle makes, including Tesla, Toyota, Honda, GMC, BMW, Ford, Lexus, Chevrolet, and more. As EVs and hybrid vehicles age, consumers are more likely to buy aftermarket parts. finance.yahoo.com
NASDAQ:PRTS
by AlenCiken
TESLA ! ROCKET OR SUBMARINE ?! TESLA! Rocket or submarine. We must recognize that the evolution of the company last year, ignited a lot of imagination, and a lot of minds. Many fortunes were made and many were lost, in unnecessary shorts. Whether it was raining or windy, Tesla took off. The question is what's next ?! Well technically everything looks crystal clear, just news like today's about the stimulus, can shake the price for a few minutes more. But fundamental !? Well, it has 5 consecutive quarters on profit, ending the pandemic year with a 37% yoy increase in deliveries. And this in the year of the pandemic, I repeat, when we all stayed at home. Analysts see good reporting on Wednesday, and have a price target of $ 933. And basically the company looks good. But what we do to gentlemen is that everything that grows must decrease, that's how we know. Well, we'll see on Wednesday after closing. The thing is simple: it will be either a rocket or a submarine, but both nuclear, no doubt :)
NASDAQ:TSLA
by Viorex
AEye Said in Talks to Go Public Via Cantor Blank-Check FirmAEye Said in Talks to Go Public Via Cantor Blank-Check Firm CF Finance Acquisition Corp. III raised $230 million in IPO Artificial-perception startup AEye Inc. is in talks to go public through a merger with CF Finance Acquisition Corp. III, a Cantor Fitzgerald LP blank-check firm, according to people with knowledge of the matter. The valuation couldn’t immediately be learned. A deal hasn’t been finalized, and terms could change or talks could collapse. Shares of CF Finance Acquisition Corp. III jumped as much as 32% after Bloomberg reported the discussions. A Cantor Fitzgerald representative declined to comment. AEye didn’t immediately respond to requests for comment. California-based AEye makes sensor technology, known as lidar, for use in autonomous vehicles. Continental AG, Europe’s second-largest car-parts supplier, acquired a minority stake in AEye in October. Other investors include Kleiner Perkins, LG Electronics, Intel Capital and Airbus Ventures, according to AEye’s website. CF Finance Acquisition Corp. III, led by CEO Howard Lutnick and President Anshu Jain, raised $230 million in a November initial public offering, with a goal of striking a deal in any industry or geography. “The company intends to focus on industries where its management team and founders have experience , including the financial services, health care, real estate services, technology and software industries,” it said at the time. An earlier Cantor blank-check firm last year agreed to merge with GCM Grosvenor Inc. in a deal that took the investment manager public. In November, CF Finance Acquisition Corp. II reached a deal with View Inc., a maker of smart windows that use artificial intelligence. In December, Cantor raised $500 million for its fourth special purpose acquisition company, and this month filed for a fifth SPAC. www.bloomberg.com
C
by AlenCiken
Star Peak Energy Transition Corp. STPK in business with Stem INCWhile NIO is retracing too, Star Peak Energy Transition Corp., after making a merger with Stem Inc., and trying to become an industry leader in the energy storage market, is going to consolidating after the end of this first pullback from 38$ top to 32$ (15/01/21). The stock has since risen and now rests around a $1.63B market cap valuation, just a fraction of the potentially trillion dollar industry estimated to take shape by 2050. After receiving the price target of 100$ from a Citron's report and ending it by saying: "As a result, we expect STPK to become a core holding of every ESG ETF in the market and for the float to be quickly gobbled up sending the stock materially higher " And concluding with the statement: "See you at over $100." , I think it can take the flight to the moon after a short consolidating period. Star Peak is the cutting-edge company that is going to use Stem Inc.'s AI to provide strongly advanced energy storage products able to Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Buying alerts at 24.86$ and 30$
SLong
by PitMoon
WiMi Obtains Patent for New 3D Holographic Pulse Laser DeviceWiMi Obtains Patent for New 3D Holographic Pulse Laser Processing Device to Further Advance the Application of Holographic Technology in EV Autonomous Driving and Other EV Areas WiMi Stock soars After Surprise Patent Announcement Wimi obtained a patent (the "Patent") for a three-dimensional ("3D") holographic pulse laser processing device for optical holography use (the "New Device"). 3D optical holography pulse laser processing devices will be widely used in the fields of autonomous driving, medical imaging, unmanned flight, holographic spectrometers, and more. With the rapid development of the electric vehicle ("EV") industry, it is expected that pulse laser holography applications will play an increasingly important role in the collection and presentation of holographic data. WiMi has developed the New Device to solve the problems of holographic data collection and holographic data presentation for EVs in the future. finance.yahoo.com
NASDAQ:WIMI
by AlenCiken
Coolisys's EV charger can now be preordered on Amazon DPW Holdings stock soars as Coolisys's EV charger can now be preordered on Amazon DPW Holdings’ Coolisys Power Electronics Business Announces Pre-Orders for Residential Level 2 Electric Vehicle Chargers Have Begun on Amazon Coolisys is encouraged by the interest in its residential EV chargers on Amazon.com and is in conversations with additional online retailers and distributors. We are pleased to announce the Amazon pre-order launch of our residential EV wall mount charging system. Coolisys’ compact, space saving wall mount AC charging system is easy to install and uses advanced charging technology that provides highly efficient and reliable charging of electric vehicles. We believe our EV charger product line is well positioned to address the expected rapid expansion of infrastructure required to support broad adoption of electric vehicles globally. finance.yahoo.com
D
by AlenCiken
LKE Strong TrendLake Resources NL (ASX:LKE; OTC:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects cover 200 sq km in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost. Lake Resources looking bullish: - Strong Uptrend respected - Previous targets complete - Bullish Channel confirmed - MACD Bullish - RSI Trending Bullish - Bullish bounce of .328 Fib Retracement over last 2 days - Bullish Buying Volume - Market Structure currently Bullish Bearish Move: - Im expecting some Bearish action as traders take profit, RSI is slightly overbought. Consolidation within channel is possible. Watching Closely "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:LKELong
by Trader_Johnni
CCIV surge on news of plans to take Lucid Motors public via SPACChurchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC Shares of Churchill Capital Corp. IV are up over 50% in a two-day streak to start the week. News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher. The fourth of seven 'blank-check' companies operated by Michael Klein, Churchill Capital Corp. IV's plan for Lucid Motors would keep the SPAC craze going in 2021. the partner firm is Lucid Motors, a relatively well-established EV manufacturer based out of Newark, California, and which targets the luxury end of the car market. The deal could potentially value Lucid at $15 billion, according to Bloomberg. markets.businessinsider.com
C
by AlenCiken
1
EV-Tech Company Proterra to Go Public Through ArcLight SPACProterra, Commercial Electric Vehicle Technology Leader, To Become Publicly Listed Through Transaction with ArcLight Clean Transition Corp. Provides Resources to Take Proterra's Proven Portfolio of Next Generation Electric Vehicle Technology to New Levels of Growth Includes $415 Million PIPE Investments Anchored by Daimler Trucks as well as Franklin Templeton, Chamath Palihapitiya, Fidelity Management & Research Company LLC, and Funds and Accounts Managed by BlackRock Proterra to Have up to $825 Million in Cash to Fund Growth The transaction is expected to deliver approximately $648 million in cash at closing, including approximately $278 million of cash held in ArcLight Clean Transition Corp.'s trust account from its initial public offering in September 2020. Transaction Represents Enterprise Value of $1.6 Billion for Proterra Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. It is expected to close in the first half of 2021, subject to the satisfaction of customary closing conditions, including the approval of ArcLight Clean Transition Corp.'s shareholders. finance.yahoo.com
A
by AlenCiken
EV Startup Faraday Said in SPAC Merger Talks to Go PublicEV Startup Faraday Said in SPAC Merger Talks to Go Public Faraday & Future Inc., an electric-vehicle startup, is in talks to go public through a merger with Property Solutions Acquisition Corp., a blank-check firm, according to people with knowledge with the matter. The special purpose acquisition company is seeking to raise more than $400 million in equity to support the transaction, which is slated to value the combined entity at around $3 billion, the people said. As with all deals that haven’t been finalized, it’s possible that terms change or talks fall apart. A Faraday spokesman didn’t respond to multiple requests for comment. A Property Solutions representative declined to comment. Los Angeles-based Faraday, led by Chief Executive Officer Carsten Breitfeld, was founded by Jia Yueting, an entrepreneur who in October 2019 filed for bankruptcy in the U.S. after running up billions of dollars in personal debt. His efforts to build a business empire in China spanning interests from streaming to TVs saw him borrowing against pledged shares, leaving him on the hook for $2.3 billion in claims, according to the filing. The ranks of automakers seeking to compete with Tesla Inc. in electric vehicles are heavily populated by Chinese startups. Investors were gripped by a mania for all things related to EVs in 2020, boosting Chinese car company Nio Inc.’s valuation. www.bloomberg.com
P
by AlenCiken
1
NIO- Partnership with NVIDIA and QualcommShort-term catalysts may be in the play for NIO. On January 9, NIO unveiled its long-awaited first sedan, the NIO ET7 which uses Nvidia's DRIVE Orin system-on-a-chip and Qualcomm's chips for 5G capability. Together, NIO and NVIDIA aim to accelerate the development of autonomous driving on smart vehicles. According to CNEVPOST, on Saturday, Qualcomm said that it would work with NIO to bring the latest next-generation digital cockpit technology to the ET7, which would use the third-generation Qualcomm Snapdragon Automotive Digital Cockpit Platform and the Qualcomm Snapdragon Automotive 5G Platform. Follow me and smash that like button DYOR, not the investment advice.
NYSE:NIOLong
by Libratus
1