ACTC Breaking out of Down TrendLONG ACTC as they have merged with Proterra which is set to take advantage of the US investing heavily in EV's as Proterra is the leading manufacturer for public transport Ev's.
Electriccars
Broke through our wedge let’s see how this plays out Obviously this could go south as well however I have a bullish bias on this one and see her taking off pretty soon. We just saw strong support off the 200 day moving average and a nice bullish candle. Happy trading
Elliott Wave Analysis: TESLA With Bearish Setup FormationHello traders and investors!
Yesterday we shared $AAPL Apple and today we want to show you another, similar wave structure on $TSLA Tesla.
As you can see, Tesla made an impulsive five-wave drop in February, which actually suggest a reversal from the top into a higher degree correction, as five-wave cycle is barely the first leg A of a three-wave A-B-C corrective movement.
Well, recent recovery looks like a complex w-x-y corrective rally in wave B, which is now trading at key resistance zone here at the channel resistance line around 61,8% - 78,6% Fibonacci retracement.
So, if we are on the right path and if Tesla starts sharply falling back below 700 region, then we should be really aware of much bigger sell-off within wave C that can push the price even down to 500-400 support zone.
Be humble and trade smart!
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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: X Bang! 💣💣💣Although the heading can be slightly misunderstood, we believe it represents the potential of this stock the best. For the Xpeng stock, we do not see a way in which this can explode in the negative sense. Rather, we expect the price to skyrocket so at least $121 – and this is only the beginning. In the first place, the price needs to clearly stabilize above $37.50. After that, there will be a massive bullish run.
It’s not too late to hop on the train!
Crucial Moment for ALYI,ALYI Current Price - $0.07 Price Target - $1 Short Term target $0.10 Long Term Target $1
Options Not available (OTC) - not on RH or Webull.
Crucial moment on the chart for ALYI I think ALYI breaks out of current resistance and sets new highs.
Alternate Systems released amazing news a couple weeks ago. They are set to deliver 2,000 EV bikes to Kenya by July of this year! This is the first order for ALYI that has been scheduled for delivery. They gave us the proof of concept which sent the stock to 10 cents I think it’s a safe assumption that since we have confirmed delivery dates ALYI should surpass that 10 cent level in the short term and run well beyond that in the future. Some more good news is on the way ALYI announced yesterday they have a new contract that will expand their EV ecosystem . This is my largest stock position, many EV stocks are able to run up to a billion dollar + market caps without a proof of concep OTC:ALYI t or scheduled orders. ALYI is sitting at a market cap of 9 million . The capital inflow required to move this stock higher is very minimal. Love this penny stock!
EXRO Electric Power House of the future?! This is not trading advice just my personal point of view.
The chart is self explanatory. Pay attention to lines of convergence. This company has major potential!!!
They are just beginning to commercialize their proprietary tech to revolutionize the electric motor! This is MAJOR!
PLUG bouncing in a strong support linePLUG is on a support line tested several times.
Target price: 70
Expected Returns: >100%
Bullish level we observe on NIOToday we will continue with a series of posts we started on NIO; Our objective is to define clear filters on the stock and then trade if the price full-field our filters.
First, let's take a look at the big picture:
Here we can see 2 key structures: The ascending trendline and the support zone. Currently, those levels are converging, and the price is exactly there. From a technical perspective, we can conclude that we are in the best zone in terms of probable scenarios to find a reversal movement.
Now, let's take a look at the main image (post image)
We can see that the price made a clear formation (yellow lines) after breaking the descending trendline. The formation has been between those yellow lines for 25 days. On April's one, we saw a first breakout attempt on the structure. We are observing this small white flag pattern on the edge of the yellow one, and we think that the breakout of that pattern may be the trigger for the bullish movement we are expecting.
Final Conclusion: We have an activation level of 41.08, meaning that if the price reaches that level, we will consider that our bullish view is ACTIVE. Our invalidation level is set below the structure and below the massive support zone at 36.49 (that will work as a stop loss level or as a cancelation level for the setup). Our first target is the next resistance zone at 46.00 (there, we will move our stop loss to the entry-level "RISK-FREE"). Our final target is 53.90 (there we will close our full setup) / The risk rewards ratio that this situation offers is 2.75 (that means that if we risk 1USD on this setup, we are aiming to make 2.75USD, If you have a 50% win rate then congratulations, you are profitable)
Thanks for reading!
Manganese will play important EV role .MN has great potential in coming decade of EV technology and specially Ev car batteries.
Company is in accumulation period and with strong support of USA industry will progress in wild pace IMO.
If you look at the pattern then cup and handle seems to be in making again for this stock. There might be one more dip towards $0.40 zone and after that consolidation we might see a quick return to $1 and if there is enough momentum to even break it and start a new bullish channel for LONG investments.
The stock had been definitely noticed by investors at the end of the last year so lets see how next month will play out for this great potential company.
No trading advice, just pure idea how I see this going in coming weeks. Share your opinions, fairly new in this field will appreciate any feedback.
Stay safe and enjoy the ride.
Cheers,
NOU Graphite company to watch for EV car market in North AmericaNOU has been the first graphite company in North America who was able to achieve over 90% pure graphite flakes from their production. They are going to be key element for EV car batteries with their anode technology to come to the market and they are going to be the first mine in the world use only electric trucks for their mining process. Located in Canada, fairly close to USA border, they will be playing key role for EV car makes in the USA and possibly in Europe as well!
The stock had been in consolidation period, the company did reverse split of shares 1:10 recently and when the production starts in 2022 this will be one of the most capable graphite producers in North America and if they grow big enough probably the most important for western countries in general and the only competitor to Chinese companies who are leading in this industry for now. Well wroth to watch it IMO.
This is not a trade advise , just theoretical debate of what this company could be capable in very short timeframe , and with coming decade of EV industry and sustainability one of my top of the list stocks to watch for long.
Enjoy the sunny days, stay safe and share your opinions.
Cheers,
Is TSLA Cycling between 600 to 704? With the marketing calming down from last year, TSLA could be going into a range trade opportunity between 704 to 600. Currently I'm watching high levels of 683/695/704 to see if it will break through resistance or bounce back down towards 600.
Moving downwards, I'm watching 683/ 672/ 660.
Be sure to watch volume as you confirm entry points . I'd be also interested in how Biden's infrastructure plan effects the EV market as that news is a bullish variable.
NKLA Swing Trade (Long)Noticing both a falling wedge and positive divergence (falling price action / rising MACD lows) on the NKLA 4HR Chart, a potential sign of downward momentum slowing.
Support level at 12.70 just got tested.
Could see NKLA price rise up to 26.90.
Green levels are untested levels to take profit.
Please like and follow for more Stock/Forex Analysis and Content.
TESLA is repeating April 2020! Time to buy?As you see the two charts are fairly self-explanatory. Both in 2020 and now (2021), TSLA had already made a top by early February, formed a MA50/100 Death Cross, followed by a MA50/200 Golden Cross (on the 4H chart) that practically put the bottom behind. The RSI and MACD sequences are also fairly identical.
Is it time to buy the carmaker giant again?
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Nio bull runLooking like a good buying opportunity for NIO. When all the media settles down, NIO's EV products will be back into focus. Considering they're China's home brew Tesla ( with an arguably better battery ), they'll probably be received better by locals, and at the very least provide healthy competition in the market for EV's.
The ups and downs seem to stick to the fib retracements pretty well, so I've used the same ratios for the new run upwards. Let's see how this plays out over the next month or so for me.
Potential yum yum style reversal for the behemoth TeslaA few weeks ago, in February, I pointed out that Tesla is looking bearish on the weekly chart. Now I have a feeling it may push through resistance and try push prices of $850, $900 or higher.
My position is 10 call options contracts that expire 3/26/21 with a strike price of $515, so you can see how confident I feel about the potential of this yum yum style.
I see it in the days ahead, hours too. It may go down for a bit today/first, which may be an ideal time to snag some.
Have fun!
Not investment advice. just ideas.
Do you see what I see? H&S for NIO?Might be a head and shoulders, unfortunately, which could mean a trend reversal.
Could be bad news ahead if we break down from the ascending channel, and then break the neckline.
Is Tesla Powering Down?It’s been a big week for electric vehicles and traditional automakers. Yet, Tesla has drifted aimlessly – a potential sign of momentum fading in Elon Musk’s company.
First, consider the trend line that began in May. After successful bounces along that support in June and November, price has moved below it this month.
Next, the current level is right around the “nice round number” of $700. This is near its 2020 close and the top of a bullish triangle in December. It could be turning into resistance again.
Third, notice how TSLA’s 21-day exponential moving average (EMA) has crossed decisively below its 50-day simple moving average (SMA). This breaks a pattern of intermediate-term bullishness that began in April.
Finally, relative strength is very poor compared with rivals like General Motors . Speaking of rivals, several legacy automakers including Volkswagen and BMW had EV news this week. These companies also trade at much lower multiples. Is money shifting from the new and back to the old?
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TSLA - Daily Setup w/ Buyzone, CAD & TargetsTSLA
BUYZONE = 760 - 795
Cost Avg Down = 645 - 685
1st Target = 840
2nd Target = 900 ATH
3rd Target = 1035
HODL Target = 1118+
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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
FuelCell - inverse head and shoulder?FuelCell - inverse head and shoulder? if that pattern is be verified, would be great
Multi timeframe analysis on NIO Today we will make an update on a previous idea we developed on NIO (Link to related ideas)
First, let's start with the big picture, the daily chart.
-Here, we can see that the price found a strong level on the convergence area of the ascending trendline and the support zone. That's our main structure to support the bullish idea; now, we want to see the targets and how to trade them.
-On the 30 minutes chart, we are using a previous situation as a filter to validate our current view. We have a broken descending trendline broken + Flag pattern on the outside of the broken trendline, and finally, a bullish impulse towards the next resistance zone.
-We can observe in the current situations a lot of similarities with the previous one.
-We have the price bouncing from a major level on a higher timeframe, and we can see a corrective structure being formed on the outside of the descending trendline. Now we want to see a much bigger Flag pattern (similar size to the one that happened before). IF that happens, we will define our activation level on the green horizontal line. Our invalidation level will be below the flag pattern, and the target we will use for this movement is the next resistance zone.
-Take this as an idea that is not completed yet. We will make a new post when we consider that the structure is ready to trade.
Thanks for reading!
$ADNT enters into agreement with joint venture partner YanfengAdient announces strategic transformation in China
- Company enters into agreement with joint venture partner Yanfeng to end its YFAS joint venture
- Transactions provide Adient opportunity to independently drive its strategy in China
- After-tax proceeds of ~$1.4B, combined with existing cash on the balance sheet, are expected to drive significant debt paydown throughout 2021
$ADNT has entered into definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. (YF) to end its Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture in China.
Adient will receive ~$800 million in cash by closing of the transactions (including dividends) and ~$700 million in cash prior to calendar year end, even if closing occurs before such time.
Pro forma Adient
Compared to the company's FY21 outlook, once the transactions close, global consolidated sales and Adj.-EBITDA are expected to increase annually by between $700M-$800M and between $90M-$100M, respectively. In addition, Adient's equity income post-closing is expected to decline annually by ~$155M. Net income and EPS improvement is forecast post-closing, driven by the expected significant reduction in debt and the corresponding benefit of lower financing costs.
finance.yahoo.com
CBAT Day/Swing-Trade IdeaCBAT's descending wedge trend has reversed into an up trend.
Little resistance is expected until it hits the $6.02 local fibonacci retracement support/resistance level.
A day trade may be possible from $5.50 - 6.02 range.
*Note - Prices tend to peak between 9:30 AM and 11:30 AM EST historically (See Chart).
A swing trade may be possible from $5.50 - $7.24 over the next week.
