VMC break up from the channelVMC after a year of consolidation is today trying to break up from the channel. Cup and handle pattern has been confirmed, and there will be possible gap closing if 5.60 zone supports the break up. Enjoy and lets go Truckers :)
Electricvehicles
$TSLA - SHORT TEAM RELIEF EVs have not been a hot sector as of late.
Largely due to the supply chain crisis, lack of chips, and the fact many are extremely speculative stocks.
However, Tesla does not like to spend time below the 800 for long. The bulls usually come in and fire this stock back upwards.
Expecting a short-term relief rally up to around 870 and likely heading lower again. Likely between Monday and Wednesday FOMC.
Buy RIVN cheaper than George SorosBillionaire investor George Soros bought a $2 billion stake in electric truck startup Rivian in the quarter ended Dec. 31.
His average should be around $100.
RIVN 52 Week Range $37.50 - 179.47, today hitting all time low.
I see this as a potential buy opportunity.
My price target is $65.
Looking forward to read your opinion about it.
Ford Stock: Bullish Divergence (Price vs. RSI and MACD)Ford's chart is showing bullish divergence as the stock price decreased but the RSI and MACD have increased.
This suggests that the stock may have bottomed out and is poised for a rebound.
Ford has a positive growth catalyst with its electric vehicle line-up: F-150 Lightning, Mustang Mach E, and E-Transit van.
The company also produces hybrids. The EVs and hybrids can stimulate growth for Ford during this time of high gas prices.
You can google the title: "Ford - The Future is Looking Brighter with EVs" to read more.
$RIVN - Ready to Make New LowsEarnings were not kind to $LCID.
Lucid Group cut its car production forecast for this year by as much as 40%.
The company cited supply chain constraints and parts quality issues for slashing production to between 12,000 and 14,000 vehicles, down from initial expectations of 20,000.
“This reflects the extraordinary supply chain and logistics challenges we’ve encountered and our unrelenting focus on delivering the highest-quality products,” Lucid CEO Peter Rawlinson said in a statement. “We remain confident in our ability to capture the tremendous opportunities ahead given our technology leadership and strong demand for our cars.”
It hasn't been much different for car companies across the world, EV or not.
This brings us to RIVN. A stock that has been cratering from its highs earlier this year. They report earnings on March 10th. The same day CPI is released. Talk about a double whammy.
Supply chain constraints remain and I expect RIVN to guide in a very similar manner to LCID. They are both in the early innings of their life cycle as companies and not as well equipped to handle inflationary and supply risks like the seasoned TSLA. Until this point I had not even mentioned the tremendous chip shortage.
Expect RIVN to only make new lows from here on out with this inverted cup and handle setup as noted above.
FUV MOST UNDERVALUED ASSET ON EARTHBounce from 4ish was almost a 2X. awesome trade for me. bought back the dip hard and this spread looks massive especially combined with news catalysts new factory new product and market stabilizing. This movement could be major IMO.
NIO Inc (NYSE: $NIO) Announces Listing In Hong Kong! 🌏NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The company offers five, six, and seven-seater electric SUVs, as well as smart electric sedans. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Public Charger, a public fast charging solution; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service, where it offers vehicle pick up, charging, and return services. Further, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; courtesy car services; and roadside assistance, as well as data packages; and auto financing services. Additionally, the company offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. NIO Inc. has a strategic collaboration with Mobileye N.V. for the development of automated and autonomous vehicles for consumer markets. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was founded in 2014 and is headquartered in Shanghai, China.
TESLA looking bearish for next weekI am a huge fan of TSLA but when it looks bearish I have to say so even though the fan boys will be mad.
I have my usual weekly chart left, daily in the middle and 4 hour on the right. This works best for more swing style trades.
On the left weekly time frame we can see the all time high of 1243.49 hit on Nov 4 2021 and then the strong 1200 resistance shown after this.
The middle daily chart is showing the recent 950 resistance and yesterdays ( Feb 11) very bearish candle looks to be setting up to go lower.
There is support though on yesterdays low shown on the right 4 hour chart of 850. It is totally possible that holds and we see a bounce higher early next week but we will have to wait and see.
Of course if one was looking to short I would make sure 850 does not hold first.
I am a huge a fan of this company so to turn things around I would first need to see price back above that strong 950 resistance and then followed by the very import psychological level of 1000.
NKLA - Is a (dark) Phenix?If we look at the consequent lower maximum price for NASDAQ:NKLA , we can see that the trading pressure is lowering too: indeed, the time between each max-price and the following is increasing.
Usually, when this happens means that the traders are liquidating their positions and then not coming back. Considering all the scandals in which this company was involved in, that's quite reasonable.
--- BUT ---
Will they come back?
In my opinion, it depends on the next earnings:
EARNING +: If the company will provide proofs of good conduit, reaching the targets and being in line with their schedule, we can see a huge bounce up in the price of the company;
EARNING =: If it will release a just below the line results, essentially the bull-bear match will be rescheduled to the next earnings; in this case we will see a price ranging from recent max-min prices;
EARNING -: If it won't meet most of the targets, we will see falling the price probably under 4$.
However, I believe in the new management, so I prepend for the EARNING + exit; let's go!
TMC to Develop Planet’s Largest Resource of Battery MetalsOn Jan 5th, The Metals Company successfully concluded the latest campaign in its $75 million multi-year deep-sea research program to establish the potential impacts of the Company’s proposed polymetallic nodule collection operations.
TMC holds exploration and commercial rights to three contract areas which host an estimated 1.6 billion tonnes of polymetallic nodules containing high grade nickel, copper, cobalt and manganese, in the Clarion Clipperton Zone of the Pacific Ocean.
The Planet’s Largest Resource of Battery Metals could electrify the entire US electric vehicle fleet.
I consider TMC to be one of the best buys of 2021!
RIDE this RIDE?I know very little about this company. What I do like is the price action and pattern I am seeing. I have seen this giant broadening pattern many times over the last few years and they are extremely powerful. However, they are not easy to trade. The descending nature of the lower trendline make it difficult to catch a bottom. What I prefer to do is use patience and nibble at the extreme drops and think BIG PICTURE. Personally, I am nibbling on this one now and will treat it as a speculative but longer term swing trade perhaps with CALL OPTIONS out for 2023.
1/9/22 FFord Motor Co ( NYSE:F )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: 97.668B
Current Price: $24.44
Breakout price: $24.90
Buy Zone (Top/Bottom Range): $23.35-$21.75
Price Target: $25.80-$26.70 (2nd)
Estimated Duration to Target: 41-45d (2nd)
Contract of Interest: $F 3/18/22 25c
Trade price as of publish date: $1.82/contract
RIDE at All Time LowYou like to buy the all time low?
Lordstown Motors Corp. (RIDE) lost 90% of its value from all the 52 week high.
52 Week Range 3.27 - 31.56
% OF FLOAT SHORTED: 19.47%
As a speculative buy, my price target is the $6.8 resistance.
Looking forward to read your opinion about it.
NAKD Naked Brand Stock - the Cheapest EV Play YetBoth technical analysis and fundamentals are looking ready for a comeback.
Cenntro produced 628 electric vehicles in December 2021 - highest volume in a single month
2022 guidance to deliver a minimum of 20,000 vehicles.
Market Cap 390.294Mil, still small.
My price target is the 11.50usd resistance.
Looking forward to read your opinion about it.
FISKER at an important support, ready for another rally?$FSR as it can be seen on the chart is at a support line which if it holds it will increase the chance to start a new rally. The other supporting conditions are oversold MoneyFlow or any momentum oscillator, a divergence between the price and the momentum oscillators for the last few days. If the support line does not hold, we should drop to the $12-$13 area, which has been a very strong support area even when there was heavy selling pressure on small caps particularly SPACs, and unbearably on most of the EV start-ups. So this area would present a very good entry point considering the risk and reward.
Today, $FSR has a 4.65B market cap, which if we compare it to $LCID at 60.78B it is way cheaper. The only big difference is that Lucid has started to put cars on the street while $FSR is set to do so in November 2022. The first Fisker car is a crossover SUV called Ocean, which has a superior design and very competitive pricing revealed by the company in the LA car show back in November. I am expecting a huge run when it happens and most likely when we get closer to the production.
Fundamentally, the company is doing well. Since it is still in its early stages it is considered risky, but given the lowered risk of production execution and having a top-tier design by the CEO himself this company had a lot of potentials for growth. EV stocks are expected to do very well in the coming few years as electrification is increasing exponentially. I am considering $FSR a good potential multi-bagger for the next few years, nevertheless, a lot depends on the execution of course. This is not financial advice, DYODD!
Tesla At Top Of Channel!I'll keep this simple. Look at what happened every time Tesla touched the top of this channel. I'll make you guess if a short or a long makes more sense!
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice.
SLI - Standard LithiumEntered trade as SLI came through the previous week's high after a two month pullback to the 100-day line and experiencing volatility contraction over the last couple of weeks of trading. My stop loss is under Thursday's low.
If the Electric Vehicle trade stays hot, the lithium stocks, such as SLI, should continue to rise with the E.V. stocks.