Electriccars
China fear was an entry opportunityIn my latest post on the 19th Jul 2021, I mentioned: "It is possible that wave 2 is not complete yet and we may see another leg down before taking off hard to make new highs as the 3rd impulsive wave."
This is what happened and we should be on our way to the higher prices. Target 1 should be $59 and Target 2 should be $74 for the medium term. Note that still there is a slim possibility of morphing this correction to a more complex pattern, however as China fear pushed the Chinese stock prices to lower prices and offered an opportunity to get in at lower prices, such a pattern conversion should be regarded as an entry opportunity. EV stocks will shine in 2022 and 2023 as the sales will be more prevailing and more companies will come up with new EVs and technologies. As an example, Toyota has promised the introduction of 70 new models until 2025 out of which 15 will be fully electric. $LCID and $FSR are the two notable EV companies in the US that will introduce their luxury sedan and cross-over SUV in 2021 and 2022 respectively.
My last post on $XPEV:
Please DYODD. This is not financial advice.
TESLA (Short and Long-Term situation)Tesla Breakdown:
While the current price and valuation of Tesla on paper seem reasonable to most, the fundamental breakdown of the company's growth in such a short time is one of the most crucial factors. A lot of its bigger movements have been closely related to timing and news. While this is by no means a bad thing, its projection as a company from the standpoint of COVID Crash has it at one of the most overvalued companies SIMPLY IN TERMS OF PRICE based on the price action the past year. With the given state of the market, the way to approach something so valuable and expensive would be playing the downside once it breaks the 700's to around 500 only if the market continues to roll over. While it seems so given the not-so-good situation we are in, remain objective especially through the 700's as there are many levels to go through. If its price action breaks multiple MA's within a day or two, consider the potential to more downside, if it holds, we could potentially see ATH.
If it does level off from a pullback under or around $500, consider taking on some positions for the long term as their growth combined with the advancement of society towards EV makes this quite literally too big to fail. While those words should nearly never be uttered, Elon Musks' participation as an Owner for their company provides an incredible type of value that isn't found often. Especially with him and Bitcoin, Tesla could have quite the future in store.
CHPT Bounce?!I like CHPT!
Tomorrow's daily candle should show us what we need to see. It should bounce on this support and/or consolidate for a few weeks before making a bullish move.
Consider 12/17/2021 Calls.
Stop Loss: $19
Profit Target: $25 (Aggressive: $26.60)
If it breaks resistance, I could see CHPT dropping near the $17 range.
Tesla Looks to Break $1000 After Finding Strong SupportSadly, my last Tesla call was incorrect and I'll be the first to admit it (maybe second, third or fourth). I think I recall a few naysayers who totally opposed my previous prediction and hindsight, I can't blame them.
My previous call was big warning about Tesla slipping below $100. After reviewing my analysis and the Tesla wave structure, we can see that's obviously incorrect. With a little more time and mind into it, I'm supremely confident of what I now have marked up.
Expect Tesla to make big rise to the $1300-$1500 range either late in 2021 or early in 2022. Correction should then be ready for a huge drop down towards $150 (0.618 FIB). We will be able to determine a final bear target as Wave A (first of 3) develops and find its mark.
Tesla bulls will remain strong throughout the winter. Maybe Elon finally takes his trip to space and gives investors reason for excitement.
Surely, something newsworthy will happen to make this all make sense..
:)
Ford Motor Has Broken its DowntrendFord Motor jumped to new six-year highs in June, driven by electric-car enthusiasm. Now after a long pullback, bulls may be taking the wheel again.
The first major chart pattern is the downward sloping trendline along the highs of June 4 and July 29. F challenged that line on Monday and Tuesday, then closed above it on Wednesday and Thursday.
This pattern may be important because F rallied in May and January following similar breakouts.
The recent consolidation also depressed Bollinger Bandwidth down to the lowest reading in a year. Will prices expand from such a tight volatility squeeze?
Next, the 8-day exponential moving average (EMA) is on the verge of crossing above the 21-day EMA. That may the suggest the shorter-term trend is getting more bullish.
Finally, the current level around $13.40 is potentially important. It was a high in January 2018 and last March. It also provided support for prices between mid-July and mid-August. Breaking through it could draw traders from the sidelines.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
XPeng Launches P5 Sedan with Starting Price around USD 24,500The company has secured a supply partnership with SK Innovation (SKI), a South Korean power battery supplier, which will provide it with high nickel-based Li-ion batteries with 80% nickel content.
After two months of pre-sales, XPeng Motors' new sedan, the P5, officially went on sale on September 15 at prices several thousand CNY lower than the pre-sale prices.
XPeng announced at a press conference on Wednesday that the P5 is immediately available for order in China in six configurations with a subsidized price range of CNY 157,900 (USD 24,500) to CNY 223,900, and deliveries will begin in late October.
The exact post-subsidy pricing for these models is as follows:
600P CNY 223,900
550P CNY 199,900
550E CNY 192,900
460E CNY 177,900
550G CNY 172,900
460G CNY 157,900
For comparison, XPeng's flagship sedan, the P7, has a starting price of CNY 229,900. The P5 went on pre-sale on July 17 with a price range of CNY 160,000 (USD 24,700) to CNY 230,000.
XPeng debuted a new naming scheme on the P5 model, with P representing the model's highest level of intelligence, followed by E and G. The numbers in the names of the different models represent their NEDC range.
The P series with the highest intelligence level offers 550 km and 600 km NEDC range options, while the E series and G series both offer 460 km and 550 km range options.
The battery for the 460 km range model is a lithium iron phosphate battery, while the 550 km and 600 km versions are ternary lithium batteries.
XPeng previously boasted that the P5 is the world's first LiDAR-equipped model, but it is worth noting that only the P Series is equipped with this component, while the E Series and G Series models are not equipped with LiDAR.
In terms of intelligent configuration, the P series comes with XPILOT 3.5 driver assistance system, the E series comes with XPILOT 3.0, while the G series does not offer this system.
The XPILOT 3.5 enables the extension of NGP (Navigation Guided Pilot) from highways to city roads.
The standard price of XPILOT 3.5 is CNY 45,000, and subscribers will be able to enjoy a limited-time discounted price of CNY 25,000 if they subscribe before delivery. The standard price for XPILOT 3.0 is CNY 36,000 and 20,000 if users subscribe before delivery.
The urban NGP will allow high precision navigation and assisted driving, adapted to China's challenging urban road conditions.
NGP will also be upgraded to NGP-L - a highway NGP with LiDAR - to enable safer and more capable assisted driving on China's highways and expressways, the company said.
XPeng's existing ACC and LCC systems will also be upgraded and enhanced to ACC-L and LCC-L status in P5, which incorporates LiDAR to enable P5 to identify congested vehicles earlier and stationary vehicles more accurately.
"With the P5, we have delivered a new level in sophistication and technological advancement for smart EVs in China, at a competitive price point," said He Xiaopeng, Chairman and CEO of XPeng.
"We believe this is an age of intelligence, and that intelligence will redefine mobility as a whole. Now we have made the best-in-class smart family sedan available at the CNY 200,000 price range, bringing some of the most advanced driver assistance functionality to China's vast and fast-growing middle-class consumer base," He said.
"We have drawn inspiration from customers' feedback, especially during the pandemic, and from the best models in the conventional family sedan and recreational vehicle (RV) class, while taking functionality and features to a whole new level," He added.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
Li Auto Delivered Record 9,433 Vehicles in Aug, Up 248% YoYDeliveries of the new Li ONE began on June 1.
Li Auto delivered a record 9,433 units of the Li ONE, the company's only model, in August, up 248 percent year-over-year and 9.8 percent from July.
That number exceeded many expectations, considering the company gave conservative guidance for the third quarter in its earnings report released earlier this week.
For the first eight months of 2021, Li Auto deliveries have totaled 48,176 units. The Li ONE's cumulative deliveries now stand at 81,773 units, the company announced Wednesday.
As of August 31, 2021, Li Auto has 114 retail centers covering 69 cities, as well as 194 aftermarket repair centers and authorized sheet metal spray centers covering 143 cities.
Notably, when Li Auto announced its second-quarter earnings on August 30, it said it expected deliveries of 25,000-26,000 units in the third quarter.
Considering that the company previously said that September deliveries were expected to exceed 10,000 units and July deliveries were 8,589 units, many believe this implies that Li Auto's deliveries in August will be at most 7,400 units.
The Li ONE is an electric vehicle with extended-range technology, having a three-cylinder engine as the range extender.
The Li ONE became available in October 2019. On May 25 of this year, Li Auto announced the 2021 Li ONE with a starting price of CNY 10,000 (USD 1,560) higher than the previous version at CNY 338,000.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
XPeng Delivered 7,214 Vehicles in Aug, Up 172% from a Year AgoXpeng P5 will officially go on sale on September 15, and deliveries will start at the end of October.
XPeng Motors delivered 7,214 vehicles in August, up 172 percent year-over-year and down 10 percent from July.
The company delivered 6,165 P7s and 1,049 G3s in July.
2021 year-to-date deliveries reached 45,992 vehicles, representing a 334 percent increase year-over-year. P7 deliveries continued to strengthen, achieving a record month in August and a 209 percent increase year-over-year.
The production preparation and switching of G3i is expected to have an impact on G3 and G3i’s production and delivery for a few weeks, XPeng CEO He Xiaopeng said during the company's second-quarter earnings call.
"We plan to start deliveries at the end of August and will increase delivery scale in the next quarter," He said.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
ALYI struggling to break 0.025ALYI announced that in addition to the expected revenue from ALYI's previously announced EV motorcycle business in Kenya, ALYI expects to begin converting its waiting list for Retro Revolt Electric Motorcycles into orders before the end of the year.ALYI, announced ongoing merger and acquisition developments anticipated to soon result in two acquisitions intended to bolster the company’s Electric Vehicle (EV) Ecosystem in Africa. On Friday ALYI also announced The company recently acquired a stock interest in self-drive rental vehicle company, and the two additional anticipated acquisitions are similarly expected to complement ALYI’s expanding EV Ecosystem Strategy. Im still a holder of ALYI in fact ive added to my position over the past two weeks. If you are considering investing In ALYI i really recommend taking a long term view given this company is still a ways away from mass production.
American Battery Metal | Possible Long for Good %'sI've been toying with this one a bit. Good sector (clean energy . . if you believe in that sorta thing), improving earnings (still not great) but the technicals show an uptrend, 50 and 200 EMA's in play with clean Fibs and some harmonic action potential. I've dropped my entry and exit points (Not Investment Advice) but DYOR for what could be a juicy % within a relatively short time frame. Good luck!
Wyckoff Accumulation HYLN updated 8/19EV sector continues to show behind the scenes buying from HFs/tutes (look at unusualwhales.com and sort by date of 13F filing). in a previous post, i shared this idea and thought that the accumulation was happening without this downward move into a spring happening. clearly i was incorrect, as we saw very strange -4% days all in a row--which appears very "manipulated" when you also account for increased volume. (i hate using that term "manipulated" but what i mean is that the price was suppressed to allow for more accumulation by those who have the capital to do so).
BRUMM OR BRUH?A few days ago Porsche Holding presented their earnings and today we will find out if this company is a good buying opportunity, or not.
Buying points:
-close to a break out above the triangle
Indicators:
-> strong support in the 88.96 area (->fib 0.618)
-> hit the SMA 100 several time
-> relativ % divergence between VW shares which indicates a gap upwards (orange line)
Selling points:
-couldn’t stay above the 100 SMA
-MACD weekly, monthly indicate slow down
Fundamentals
-great earnings (estimates 4,3 -> got 8)
-Volkswagen EV (electric vehicle) trend
Conclusion
The technical analysis gives us too little information about the further course of events. But the fundamental data gives us a clear tendency where it is going, namely upwards, because the Porsche Holding gives you the VW shares more cheaply than to buy them directly. Looking at the orange line both share acted same where as now there is a gap to fill. Therefore, I want you to know that you are not buying the brand Porsche but also VW and other companies shares.
ARVL - Arrival Group - Gaps can be filledARVL
ENTRY = 10.50 - 11
Cost Avg Down = 6.50 - 6.75
1st Target = 236fib 18.44
2nd Target = Bear Gap Fill 20
3rd Target = 382fib 22
Hodl Target = 618fib 28+
______________________________________________________________________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Elliott Wave Analysis: TESLA Is Still Looking For Wave CHello traders!
Today we will talk about Tesla, its price action from technical point of view and wave structure from Elliott Wave perspective.
As you may already know, we have been looking for that wave C decline for a while, but seems like it's temporary on a pause as price action is slow and sideways, so wave B correction looks to be bigger and longer, ideally as part of a bearish triangle formation. Well, we are still expecting TESLA to drop into 500-400 support zone, but probably once a bearish triangle pattern is fully completed as subwaves "d" and "e" are still missing.
After Tesla stocks split last year from $2,213 to $444, price can retrace to similar levels, a year later as A-B-C correction seems incomplete.
Trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Xpeng Delivered Record 8,040 Vehicles in JulyThe company plans to have the P5 officially available in the third quarter of 2021, with deliveries expected in the fourth quarter of 2021.
XPeng Motors delivered 8,040 vehicles in July, its highest monthly delivery record, up 228 percent year-over-year and up 22 percent from June.
The company's flagship sedan, the P7, delivered 6,054 units in July, the highest monthly delivery record since its launch, XPeng's data released Monday showed. Cumulative deliveries of P7 reached 40,612 units since its launch in July 2020.
XPeng's compact SUV, the G3, delivered 1,986 units in July.
As of July 31, the company's total deliveries for the year reached 38,778 units, up 388 percent year-over-year.
XPeng previously said the P7 sedan with lithium iron phosphate (LFP) batteries has seen strong demand since its launch in March this year. Deliveries of the model began in May, with sales increasing 27 percent in that month compared to April.
In March, XPeng announced the launch of the P7 and G3 with LFP batteries, with deliveries of the former starting in May and the latter in April.
The new P7 is available in two variants a combined range of 480km.
The new P7 is equipped with Xmart OS in-vehicle intelligence system, with the lower-priced version equipped with XPILOT 2.5 + automatic driving assistance system, priced from CNY 229,900 (USD 35,600).
The higher-priced version is equipped with XPILOT 3.0 automatic driving assistance system, priced from CNY 239,900.
Together with the newly released model with LFP battery, the XPeng P7 is now available in four models: rear-wheel drive standard range, rear-wheel drive long-range, rear-wheel drive extra long range and four-wheel-drive high performance. Their price range covers CNY 229,900 to CNY 339,900.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
EV's - SOLOThere's been some buzz around EV's lately, thinking they gain some traction soon. I took a swing trade position in SOLO earlier this year and got caught on the move down, Sold it now looking to rebuild position and retry this one. Accumulating shares in here.