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Tesla’s Hourly Chart Highlights a Key Level YesterdayTesla’s been a big name this week because of Battery Day. Behind all the excitement and letdown, some interesting things have happened technically – especially on the hourly chart. Consider the price action around $380 on August 18-19. TSLA jumped to that level after the stock split was announced. (It was a new record high at the time, split adjusted.) For two full sessions the electric-car maker pushed and struggled before breaking out and continuing all the way toward $500. Interestingly, buyers defended that that price area on Wednesday and Thursday of this week. There was even a failed breakdown yesterday, which got bought. Turning to the daily chart, TSLA also bounced at its 50-day simple moving average (SMA). (But even then the 50-day SMA was about $20 below the $380 area.) Finally, a triangle is starting to emerge on the daily chart. This could be the next big thing to watch. Based on the current action, it could indicate a bounce toward roughly $440. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:TSLA
by TradeStation
5
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.
NASDAQ:BLNK
by crawfordpaul
Nio Has an Ascending Triangle Above Old HighsElectric-car maker Nio has been one of the most explosive stocks in the last three months, more than tripling since the end of May. However, it’s been rangebound since early July as it digested a lot of those gains, and now the price action is starting to resemble a bullish ascending triangle. NIO peaked around $15.30 on a big high-volume candle July 8. It’s flirted with that level a few times since, but never closed above it. Meanwhile it’s made successively higher lows, creating the potential for a breakout through resistance. On Monday, it pushed back toward that area and had its second-highest closing price of all time. Volatility has also been squeezing in that time. Bollinger Bands Width was just 0.22 yesterday, its narrowest range since May 26. In addition, there’s a level to watch. NIO’s recent consolidation has taken place around the previous highs from September 2018, shortly after its initial public offering. A bullish basing pattern above old resistance is also potentially bullish. Finally, the fundamentals have been strong. NIO tried to break out after a strong report on August 11, but sellers quickly smashed it back lower. Now it’s had time to digest those gains and held its range. Yesterday, Tesla had a potential reversal pattern and its stock split is around the corner. Will this be time for NIO to move into the fast lane?
NYSE:NIOLong
by TradeStation
1
Tesla Has an Outside DayTesla has obviously had an amazing run. This morning it spiked as high as $2,129, more than 900 percent above its 52-week low one year ago. But TSLA hasn’t held that level. Its high occurred in the first minute of trading, and prices quickly knifed under $1,940. That’s resulting in a large outside candle on the daily chart. This is a potential reversal pattern – especially when it occurs at a big round number like $2,000. Happening early on a Monday is also a potential sign of capitulation buying from retail investors submitting market buy orders over the weekend. TSLA’s stock split, which takes effect next Monday, August 31, is the big catalyst. While this can definitely be a positive for a high-flying technology name, the euphoria may be priced in after TSLA rose more than 50 percent on the news. (It was announced after the close on August 11.) Today’s candle is similar to the July 13 failed breakout (also on a Monday). TSLA and several other big Nasdaq stocks drifted for a month after that session. Traders may want to start looking for a deeper pullback in TSLA, and not buy the dip too quickly if sellers take charge.
NASDAQ:TSLA
by TradeStation
3
Bullish Charts - Coil, Pennant, Flag - Vans with DronesWorkhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones systems. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio. Today, there was an article on Dow Jones talking about Workhorse Pairing Vans with Drones to Drive Deliveries. www.barrons.com On 07/24/20, there was another article, "Trucks of the Future." & "Electric Trucks are the Future." workhorse.com - Beautiful Electric Truck On 07/23/20, Workhorse reported a purchase order for 20, C-1000 Electric Delivery Trucks. On 07/21/20, Workhorse talks about supplying electric trucks to the Postal Service. Does the news get any better? Yes, on 07/14/20, Workhorse announces Ryder will now offer the C-1000 All-Electric Step Vans for rental locations. On the Daily Chart, it looks to me like it's flagging, Bullish To some, it might look like an uptrending coil or a Bullish Pennant. No matter how you look at the daily chart, it looks to me like a very Bullish setup. RSI is turning up, Bullish OBV is turning up, Bullish Stochastic is turning up, Bullish Accumulation is Bullish I see big things coming for this company! Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NASDAQ:WKHSLong
by HotCharts
Nikola Corporation - Aiming for a new highUsing 2 Fibonacci retrenchment tools because there is no question at this point whether this is bullish because there is no doubt that with the volume Nikola had, and this big pullback, will cause a massive breakout. If you dont think this stock is is a bullrun then im not sure where you learned basic principles of trading. We're buying the pullback on this at a major discount. Anyways now that we agree its bullish, we take the first fib tool and slap it on there. Then grab a second fib tool pop the bottom as what we see today and we put the .5 on the previous peak. Gives us a new potential high of around 150$. Sell around 110-150 on the upcoming breakout on the option calls . * If bitcoin shoots up before the market opens on Monday morning, stocks will open with a gap.
NASDAQ:NKLALong
by eneakume
7
TSLA: Will The Structure Sustain?TSLA I made an argument earlier this week that since the last 'golden cross' in late March, TSLA stock price always bounced off of the 200 MA level in an hourly time frame. "When is the next bounce?", I asked. I believe we are at that point now. The question now is that if the current market condition will allow for this structure to sustain. Let's hope the structure sustains and we get to see a bounce up today. Good luck and happy trading!!
NASDAQ:TSLALong
by Trading-Economist
3
NIO ES6 - Amazing Vehicle! - Watch This VideoJust an FYI for NIO shareholders. I thought you would be very interested in this video. I also think this vehicle is a Tesla killer. I think China will eventually shut out Tesla & NIO will take over the Chinese Electric Vehicle Market. www.youtube.com Again, after watching stocks like SOLO, SPCE, WKHS, SHLL, SPAQ, NKLA, NFYEF & AYRO trade at crazy multiples with nothing to show for it, I think NIO is DIRT CHEAP! In my opinion, NIO should be trading in the $50 to $100 range right now! NIO is years ahead of the competition. I think it will take other electric vehicle companies several years to catch NIO. Best of luck with your trades! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NYSE:NIOLong
by HotCharts
Timeline: NIO vs. TSLA = NIO Target $350 to $500Don't shoot the messenger! I have a timeline of Tesla below which should put a price target on NIO North of $400 to $500 a share. www.thestreet.com As we stand today, NIO is much more successful than Tesla ever was and at this time, or there a bouts, compared to Tesla at or around the same time period in production & sales, Tesla was trading north of $360 a share and only delivered 2,400 cars compared to NIO delivering over 46,000 vehicles. "Entering 2018 Tesla faced several difficulties. Missed predictions had led investors to dump the company's stock, and in the middle of 2017 it lost more than 5% of its value in a collapse worth $12 billion. By January, 2018 Tesla was producing its Model 3 sedans at a fraction of the rate it had anticipated. Over a three-month period the company managed to finish and ship 2,400 cars after promising consumers and investors that it could complete more than 5,000 per week." On 07/02/2020, NIO announced as of June 30, NIO delivered 46,082 vehicles with 14,169 already delivered for 2020. These sales figures topple what Tesla sold and at or around the same time period, Tesla stock spiked to around $389.61. These are real figures from the Tesla timeline I have listed herein and using monthly stock charts for Tesla's stock price at that time period. NIO is also in much better financial condition than Tesla ever was at or around the same time in the production and sales cycle / timeline. Folks, when you look at the monthly stock prices for Tesla, and compare the timeline link I have herein, NIO is extremely cheap and deeply undervalued at current levels. Also, NIO has the Chinese Government behind them. Tesla, at or around when the company started, only raised $500 million from a DOE loan and Tesla was burning cash like water. NIO just raised almost $1 Billion in funding. NIO is financially in a better place than what Tesla ever was. The way I see it, the Chinese Government will not let NIO fail to Tesla, a USA auto company. In my opinion, after researching Tesla vs. NIO, I personally think NIO should be trading at or around $350 to $500 a share with their financial and sales figures. Best of luck longs! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NYSE:NIOLong
by HotCharts
12
Bullish Charts - Robust Earnings, Electric Vehicle TechnologiesGarrett Motion Inc. designs, manufactures, and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers. Its integrated vehicle health management tools detect intermittent faults and anomalies to provide understanding of the real-time health of a vehicle system. The company offers its products through distribution networks. Garrett Motion Inc. was incorporated in 2018 and is headquartered in Rolle, Switzerland. Daily Chart looks great! Volume, Bullish PMO, Bullish MACD, Bullish RSI, Bullish Stochastic, Bullish On Balance Trending Up, Bullish Accumulation Trending Up, Bullish It looks like the stock price broke out above the cloud at or around the $5.73 range. On 05/11/20, the company announced a huge spike in EPS. Q1 EPS $0.91, Sales $745.000 Million, Beat $664.040 Million Wall Street Estimates This one sentence sums up why the company is seeing a surge in revenue and earnings... "Garrett Motion Inc. designs, manufactures, and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. " The electric vehicle industry is red hot! Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
GLong
by HotCharts
TESLA - Hyped Car - Hyped StockWhat an insane rally of Tesla over the last months. Many investors which were short got crazily burned. Their portfolio might have massive losses. Did they underestimated this company or do they still see Tesla as a normal Automobile Company? What we know: The company makes massive of revenues but generates at the moment only a couple of millions in profit. That´s the reason, why many investors see NASDAQ:TSLA as an overprized company. But, are they really overprized or just incorrect categorized? The right classification: From my view, Tesla is no Automobile Company as XETR:BMW , XETR:DAI , XETR:VOW3 or TSE:7203 . It´s more! It´s a Technology/Software Company which archieved many things in the last years, and not many have believed in the success story of Tesla. It was written bankrupt close to every quarter. Software + Infrastructure: Tesla has an advantage of roughly 5 years, compared to other car manufacturers. There are many reasons! It has already its own software for an (1) excellent autonomous driving, (2) battary management and (3) software updates over the air. Further it has an incredible charging infrastructure. Therefore Tesla sold the most Electric Cars, globaly. Yes, Tesla is hyped. But we might see new highs in the next years, IF other car manufacturers don´t get the curve and are not able to compete on the market for Electric Cars. And electric stands for technology and software, which Tesla already has. Maybe the quality of each car is not always the best but with some german accuracy this can be solved easily. Let me know, what do you think about Tesla. Are they overprized? Right now, NASDAQ:TSLA might have reached its upper band of a trendchannel and is ready for a small correction. If we see an incredibly selling pressure, Tesla could see a bigger down turn. For long term investors it might then the right time to buy. >> And never fortget ! -- Plan your trade and trade your plan ! <<
NASDAQ:TSLA
by IndexVision
1
Game Changer - NIO Secures $1.4 Billion in FinancingHi Longs... If you did not see this, here it is. Rumor is, NIO has secured an additional $1.4 Billion in funding from 6 Chinese Banks. See link below China "WILL NOT" let NIO fail! cntechpost.com Also, I think today was a major breakout. Why? On September 4, 2018, NIO hit an all time high of $13.80 and today, the stock closed well above that price. With the old high taken out today, I don't see any overhead resistance. I think this stock is going to $50 real soon especially if and when the shorts start covering almost 150 million shares they control. If you're short, you need to start covering because I think China will cause the biggest short squeeze in the history of Wall Street very soon! By betting against NIO, you are betting China fails. As you know, China will not let that happen. Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NYSE:NIOLong
by HotCharts
12
NIO Sedan Coming. It's Amazing & Beautiful - See Photos HereJust an FYI for all the NIO longs...! Get ready, with almost 150 million shares short, NIO could blast off like a rocket ship soon! Investors want to be in this stock before the news hits! Nio’s first electric sedan (Tesla Model S challenger?) to be launched this year April 25, 2020 4:28 pm by Bala Natarajan electricvehicleweb.in I am hearing the sedan launch could be announced at any time. NIO might also be taking orders too. China is determined to become the global center for EV production and is using quotas and subsidies to get there. Also, to all the short sellers betting against NIO, with over 40,000 vehicles sold to Tesla's 300,000, NIO is not far behind. Keep in mind, China Population: 1.4 Billion = Millions of "Chinese Made" electric vehicles sold. The new NIO Sedan should sell over 500,000 cars alone, not counting NIO's other SUV vehicles, and this compares to Tesla's 300,000 for "" ALL "" their vehicles - There's no comparison! NIO WINS! Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NYSE:NIOLong
by HotCharts
3