XPENG - breakout aheadXPENG - breakout ahead - similar patterns are right now in many technology shares to find.. could be the end of the consolidation since februar...
Electricvehicles
FuelCell - breakout ahead?FuelCell - maybe the breakout is finally ahead .. ready for a healthy n slow gaining
Plug - finally the break out ?Plug - I thought it would bounce back first.. but maybe that was finally the break out .. ready for a healthy n slow gaining
BLINK - will it be a Bullish Butterfly pattern?will it be a bullish butterfly pattern and it goes soon higher or will it take a while to form a bullish flag ...
it's time [update]qs bounces higher than i expected - solid bull trap. almost hit my downside target perfectly though.
update to:
ps. a move like this will take time, could take a year or two, but if you're looking for a solid long term hold, you can't really go wrong with this one.
Could you imagine Fisker $2.5 ?cypher harmonic pattern:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$6.8
tp2=1.27 BC=$5.88
tp3=2 BC=$2.35
$Nikola reversal possibility with cypher harmonic patterncrab harmonic pattern:
3-4=0.61 X-3
4-5=0.38 3-4
tp1=2.6 4-5=$10
It could be a sufficient target because it makes a reversal cypher at this price with a high volume
tp2=3.6 4-5=$5.27
tp3=1.6 X-3=$4.33
cypher reversal:
AB=0.38 3-A
BC=1.41 AB
tp1=1.27 BC=$41
tp2=0.78 XA=$62
tp3=2 BC=$94
$Ride shark reversalshark harmonic pattern:
AB=0.38 XA=$12
BC=1.6 AB=$4.61
tp1=0.78 BC=$9.77
tp2=1.6 BC=$21.75
tp3=0.88 XA=$26.38
tp4=1.13 XA=$38.61
tp5=2.24 BC=$39
When to get back into NIO INC?Tech shares are descending heaviliy these days. Actually its a usual correction and consider that as normal. This idea is about NIO/INC what i think on the long term will be much higher in price in the near future. NIO set foot on the ground in Norway already. Making their preperations for getting ready for the European market. Its exciting to watch these developments. But the future for NIO seems hopefull to me. Thats why i'm still bullish on NIO.
Some people probably boutght NIO at a higher point then it is right now. But what is an interesting entry point to get back to NIO? Based on previous price action NIO could be interesting around the $ 26-29 zone. So just let the charts do their work and keep the pace up when you feel to.... It's just a simple idea actually... nothing complex about it.
Baic Motor is completely undervalued It reached what appears to be a bottom on March 15.
It is almost 80% below its all-time high of January 2018.
The awesome oscillator is on the downside, heralding a possible reversal.
Although last year its profits fell compared to 2019, the trend is still upward, that is, it is becoming more profitable, with 2020 being an exception.
It is one of the largest car manufacturers in China, also having a presence in various parts of South America and Asia, whose models sell quite well.
It is working to develop new technology and introduce more electric vehicles to its fleet.
In general it has good fundamental and future potential, I still think that its price is unjustified.
If you want to have more details about the company, I recommend reading its 2020 annual report.
HKEX:1958
OTC:BMCLF
OTC:BCCMY
TSLA - OTHER TREND LINES - WHERE ARE WE? - OPTIONSAll,
I think worth noting TSLA does have some serious support here or 600-640s and you can see why it's bouncing hard in some spots which are confluence support areas. I am not necessarily 100% bullish on TSLA. Obviously reading articles / tweets you can get the sense TSLA is in a tough spot, but definitely should be higher on ER etc. I think you are seeing the 0.9 Put/Call ratio as a sign of indecision as well.
Currently holding (2:1 Call to Put Ratio) : I may swap out today if it drops further and stay 100% puts and buy calls later after drop finishes. I do want to see how 660s/650s play out here.
Weekly May 7th Calls (just got them super cheap at 678 yesterday still profiting even with Pre Market drop)
Weekly May 14th Put
Lets see what TSLA does at $652We are waiting for a critical juncture for TSLA at $652 on the daily chart.
This short term downtrend will be met by the massive upwards trendline. We are currently below the 50MA and could be reaching for the 200MA. We are still short on TSLA at the moment but hoping for a turnaround.
GOEV Looking like a big winnerGOEV should see positive reaction from the Presidential Summit held on Thursday 4/22. GOEV has recently hit an all time low. We have a buying indicator on RSI. Looking for a break in the downtrend to make big buys. This has potential to easily return 100%
Nio Could Be Attempting a Breakout Before EarningsNio was one of the top stocks in 2020, making even Tesla look like a savings bond. It’s pulled back hard and is now stabilizing with earnings around the corner.
The biggest pattern is the 200-day simple moving average (SMA). Interestingly, TSLA bounced at this exact same line almost exactly one year ago .
Next is the tightening triangle, with a series of lower highs and higher lows. The 21-day exponential moving average (EMA) has marked the top of that range. But NIO’s closed above it for the last two days (something that last happened on February 16).
Finally, notice MACD’s steady upward creep.
Given this company’s powerful uptrend, this setup may interest longer-term growth investors.
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Bullish on NIO for Auto Shanghai 2021NYSE:NIO CAPITALCOM:XPEV NYSE:TM descending triangle with tight bollinger band contraction, anticipating a big move. With a good outlook on Auto Shanghai 2021, currently anticipating price to move to backtested resistance ~$44 upon bullish confirmation.
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.
Is The EV Hype Dying? Descending triangle - NIO (Daily)Hi everyone,
Quick update on NIO here. After a tremendous rise throughout 2020, NIO caught the eye of many people, me especially I first bought in at $14 but when it inched closer to $50 as soon as three months later, that was a big no no for me. So ever since then it went a bit higher. Fast-forward to today, however, it's back around $35, which makes me wonder...is the EV hype dying? Are valuations going back to normal? The on-going chip set shortage is clearly having massive strains in the industry. And recently, the prospect of higher bond yields, greater interest rates and a comeback of inflation may significantly harm fast-growing companies like NIO. The same would not really apply to Tesla, since it is already a well-established, grown-up company.
Now off to the chart - as you can see on the daily chart for NIO here, you can clearly see a descening triangle with decreasing volume. This is alarming, because something that looked bullish a few weeks ago as a potential double bottom, is now looking pretty bearish. If price breaks anywhere below $35, NIO may see an even lower low later this month. The decreasing volume also confirms the pattern. However, there can also be a bullish approach to this. The price may squeeze, with the decreasing volume, and send the price back upwards towards $40. Nonetheless, there is a lot of uncertainty around this price action, so my guess would be to first assume a bearish case here, but be open to the idea of a price reversal.
Note: Not professional financial advice - please do your own DD.
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!
