CIIC is looking bullishNASDAQ:CIIC is setting up nicely and should break out soon. I like the company, Arrival is quite promising as an EV manufacturer, I see this as a very good long term pick. Long break out to target 37$ and 50$, stop level at 22$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Electricvehicles
Is TSLA killing its own investment?When arguing the pros and cons of cryptocurrency, a common argument is that eventually the power consumed by mining operations will become too great. At some point, something will have to give, and that something will likely be in the form of government regulation either restricting or outright banning crypto mining.
When this argument is brought up, there are also naysayers who say that crypto miners can simply move to other areas having excess power capacity, or that power generation can simply be increased enough to meet the demand. But, in my opinion, those people aren't taking into consideration the other industry that is vying for every extra watt of electricity: the EV industry.
With crypto mining continuously consuming more and more power, and the EV industry skyrocketing into maturity, this situation will eventually come to a head. Our power infrastructures simply will not be able to produce enough electricity to support both of these industries. One will come out on top of the other. Personally, I'm betting on the EV industry; transportation will have to take precedence over decentralized currencies.
Now, the predicament. Tesla recently invested $1.5 billion in BTC . If this was intended as a long-term investment, then Tesla seems to be shooting itself in the foot. Why invest in another industry that is directly competing for the single most important resource to your own industry? That seems a bit short sighted if you ask me. However, if this was intended to be a short-term investment, then kudos to the Tesla BOD and congratulations on the quick profits.
What are your thoughts? Has the Tesla board of directors made a huge mistake, or was it a sound investment? Which industry are you betting will win the fight for control of our power grids?
Coal is Non Consensus, ContrarianContrary to opinion of virtue signalers, lots of coal is required for the production of electricity, solar panels, and electric vehicles. Coal didn't go away, we just outsourced it to China, which consumes 50% of the world's coal.
This is just a simple mean-reversion play. It's one of the few commodities still near their 2020 crash lows and has healthy upside in this global macro Quad 2 (global growth and inflation accelerating simultaneously).
Ways to express this trade via equities include HCC BTU ARLP NRP ARCH HRNG SXC METC CEIX
Not investment advice. DYODD.
Technicals Signalling Bullish Possible 1000% PlayHey there, thanks for checking out my idea! If you have seen my idea on 2300%+ return on HIVE @ $.30, then you will surely enjoy this one regarding TSXV:AZN (previously MILE.V). Seeing the surge in attention for my HIVE post means to me people are looking for more high-value investments signalling through price analysis and backed by fundamentals.
This is not a solicitation or recommendation to invest. Please remember to manage your risk and do your own due diligence. Investing is risky.
Price Analysis:
We consolidated at the .005-.01 range throughout December before slowly breaking out in January and spiking up to $.12 in February. We have since pulled back to a support of $.06 at the 20 EMA on the hourly timeframe. We could see a further pullback and/or consolidation to as low as $.04 before continuing upward.
Hourly Timeframe:
Who, What, Why - TSXV:AZN
AZN Capital Corp, previously Last Mile Holdings, previously Ojo Electric, is a Light EV micromobility company with the largest EV suite in the industry. Their acquisition of Gotcha Mobility in
February 2020, combined through their existing Ojo Electric business, strengthened them to be a leading presence at over 20 universities and 40 municipalities during 2020. Unfortunately, Covid struck shortly after, leading to nationwide school closures and lockdowns.
Despite this, outlook was bullish as consumers were looking for socially distanced ways to get around in a pandemic, leading to a 200%+ increase in riding minutes, from 416,600 minutes in January to 1,315,000 minutes in May, in contrast to only increasing fleet size by 17%. The Company's success led them to raise $7.8million in capital over the summer to push for aggressive fleet expansion, including ~$2.2million from then-Chairman Louis Lucido.
The Company may have grown too fast for it's own good, as it has been recently working with Rock Creek Advisors to free up capital and repay debts, leading to the strategic sale of the Gotcha and Ojo brands and assets to the BOLT micromobility brand in January 2021. Unfortunately, AZN still requires ~$6million more in capital to service their short-term liabilities, according to their most recent Interim filing.
So what now? Why buy into a sinking company?
Rock Creek Advisors specialize in financial turnarounds and has been in search of firms interested in AZN's assets, leading to BOLT's purchases. Another cash injection to cover short-term debts, ideally via long-term loan rather than bought deal of new shares, could put us on sound financial footing.
At the moment, investors have assumed that AZN Capital Corp will continue into the Light EV micromobility market, however, the Company has changed its categorization from Transportation to Industrials and Business Services. A press release from the Company stating direction will give us more clarity in the Company's future.
AZN Capital Corp's aggressive growth strategy is it's strong point. Whether AZN enters back into the EV market or enters a new industry, I believe in the Company's ability to identify, utilize, and enhance a company's strengths to build it into an industry-leading powerhouse.
My research has placed ~25% of float held by institutions or insiders, out of ~202million units.
While Louis Lucido resigned from Chairman recently, it is worth noting that he has yet to sell his position.
Thanks for reading my idea! This play is speculative in nature as we have no info on the future of the company while it is in bad financial footing. Remember to do your own research, do your own DD, invest at your own risk.
sources:
www.sedar.com
simplywall.st
$FSR and Apple Partner Foxconn Set to Collaborate on EV ProjectFisker and Apple Partner Foxconn Set to Collaborate on Electric Vehicle Project
Fisker and Foxconn sign Memorandum of Understanding (MOU) in support of global electric vehicle project.
Will pioneer a new market segment and deliver industry-first innovations. Vehicle to be jointly developed and sold under the Fisker brand, including through the Fisker Flexee Lease program.
Manufactured by Foxconn and destined for multiple global markets.
Projected start of production is Q4 2023; this will be the second vehicle introduced by the Fisker brand, following the launch of the Ocean SUV in Q4 2022.
The new collaboration between Foxconn and Fisker will revolutionize the automotive industry model by introducing ICT capabilities – which help automakers accelerate their transition to new, innovative, and efficient manufacturing processes and business models.
Fisker is projected to start production on its first vehicle, the Ocean electric SUV, in Q4 2022. Interest in the Ocean continues to build at an encouraging pace, with more than 12,000 global paid reservations as of today. Fisker plans to unveil a production-intent prototype of the Ocean later this year.
Following the signing of the MOU, teams from Fisker and Foxconn will establish several workstreams focused on design, technology, engineering, and manufacturing. Due to the rapid development schedule, both companies expect to conclude discussions and enter into a formal partnership agreement during Q2 2021.
finance.yahoo.com
Looking pretty wound up, watching for a break aboveA high-grade graphite explorer/producer catered to the Electric Vehicle space.
It looks like we've in the process of consolidating the recent run. Watching for the break above and the next leg higher. Piercing through $0.32'ish would signal fun days ahead.
Why place a bet on a single EV manufacturer? Stay agnostic. Supply the entire industry instead. GLTA
$VLDR waiting for confirmation$VLDR failed to generate momentum and lost its support at 21.30 then retraced to the 200SMA on an overall flash crash in the market especially EV-related SPACs and scandal on top of that. The board contained the problem and the stock is now at a fair value however we need to see some bullish days to be confident to re-enter.
Workhorse WKHS - Big Potential BTD Opportunity LONGWorkhorse is slowly retracing after printing its ATH back at the start of Feb 2021 for $42.93.
We are currently sitting at the midpoint of the ascending channel at around $34 .
Looking at the speed of the WKHS rise I would like to see a retrace back down to the box marked on the chart, with confluences at the 0.618 Fib , 200EMA and Volume profile and the bottom of the channel .
I have alerts set and will be prepared to be buying up this Stock which has a big future .
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2021 MomentumCelsion Corp was said that they were approx. 85.1% toward a six-month movement in very active premarket, and could potentially double in two days, However, these other companies could potentially continue seeing momentum in 2021. Who knows who? Right?
Advanced Silicon Battery to Become a Public via $RSVA SPACAdvanced Silicon Battery Company Enovix to Become a Public Company Through Merger with Rodgers Silicon Valley Acquisition Corp.
Enovix is the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries with energy densities that are five years ahead of current battery technologies
- Funded design wins with several blue chip customers in the high-value mobile computing segments (wearables, mobile communications, PCs and AR/VR) of the Li-ion battery cell market, which is expected to reach a $13 billion addressable market by 2025, of the total expected $75 billion Li-ion battery cell market
- Customer endorsement and investment has led to the construction of Enovix's first battery production facility in Fremont, CA; larger second facility planned for 2023 and strategy for a third facility focused on Electric Vehicle ("EV") batteries
- Transaction values Enovix at an estimated pro forma enterprise value of $1.128 billion upon completion
- The transaction will result in approximately $385 million in net proceeds through the business combination, which includes $230 million of cash held in trust by Rodgers Silicon Valley Acquisition Corp., assuming no redemptions
- Transaction includes an upsized and oversubscribed $175 million PIPE issued at $14 per share, anchored by leading institutional investors
Upon closing of the transaction, which is expected to occur in the second quarter of 2021
finance.yahoo.com
Update on $ACTC, I Remain EXTRA BullishI've corrected my last idea ( ) on the formation of the Bullish pennant and the date of my PT.
MACD and RSI on the 3-month are still looking very tasty. As I described in my last $ACTC post, Proterra has a strong presence in the EV space- owning 50% of the North American market share within EV bus sales.
Short interest has also DOUBLED in a two-week timeframe. nasdaqtrader.com
This is a 10yr+ hold for me. Crazy how little conversation is going around about this hidden gem!
FSR: Solid Technical Play on Breakout From ConsildationFSR has been consolidating since early december between 14-16 range along with forming a downtrend line since it's highs in late November. Stock is gapping up pre market breaking through that $17 resistance level on Morgan Stanley launching coverage with a $27 price target. I am targeting that same level as a profit taking spot for this trade. This is a something where I am going into it as a trade, but I could see it turning into an investment for me. EVs are the future, but there is far too much froth in the market and not all these EVs will make it.
Switchback Energy - two possivle routs - Q1Switchback Energy - two possivle routs - Q1 - depends if it can break out on top of the tirangle or will make a second round to build a bullish flag.
Expecting strong support around 50 days EMAIt's rare to see NIO bouncing around its 50 days moving average during such a booming EV market. As I see the bullish momentum continuing I expect to see strong support and bounce back in NIO stock. I could also see the bounce back being even faster, in the case of NIO releasing especially good delivery numbers for February.
GOEV - nice looking wave structurePretty simple one. With a partnership with Hyundai and pretty solid board of directors this might be a nice growth play.