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3rd Time's A Charm For SOLO? NIO Upgrade SympathyLast time we saw SOLO push this hard to the upside was during the first big run in the summer. No news today, obvious speculation on when they'll announce the final facility location. But they have planned that for November based on the last PR. Anyway, great momo today on sympathy from NIO's big upgrade and $40 price target. I also don't see many other EV penny stocks aside from SOLO and maybe AYRO that have some beefiness to them. The few remaining are relatively baseless and just have an idea in my opinion. We'll have to see if this $3.20 resistance continues acting as such. Also worth noting that the current 50 DMA sits at $3.16, another potential point of focus. "While it’s still early in the game, SOLO stock has built a cult-like following over the last few months. Shares were trading around $1.36 when we first began covering the company in June. Seeing how far it’s come shows the high expectations of the market right now in my opinion. It’s also worth mentioning that SOLO stock also traded as high as $6 during the early stages of this bull run in 2020." Original Quote Source: Looking For Hot Auto & EV Penny Stocks To Buy Today? 3 To Know
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by PennyStocks101
NIO, beautiful day in the consolidation zone, time for next pop?Thanks for all the likes on the previous NIO chart! Keep on pressing like so I know you want more of these ideads! Nio is following this trend perfectly. Looking for its next break up Previously in Zone 1, we can also note, RSI find support in the 50 range. **********copied from previous days chart********** Please press the like button AND the follow button if you like these ideas, thanks! NIO price target/end of october: $21 Evs , ah quite the market in 2020. Nio has had quite a year, lets examine the last 4 months with NIO . Since June 30th Nio has been in a beautiful ascending channel , a closer examination of the trend will show that upon reaching highs, Nio has an extended period of consolidation, into a lower end of the channel, which leads to another rise towards the upper end of the channel. Zone 1-39 candles. Upon reaching the upper end of the channel (also resistance), we can see consolidation, and upon reaching the lower end (of ascending channel ) we see a rise into zone 2(becomes support). Zone 2 (theoretical) -26 candles. Using the same metrics as zone 1 we saw a rise into the upper end of the channel, back into a consolidation range, this time , along support lines. Using zone 1 measurements, we can expect a consolidation into the lower end of the channel which would take it back into the upper end of the channel, also known as zone 3. Zone 3 (theoretical) - 23 candles. In this zone we reach said price target. With aforementioned measurements used in previous zones (zone 1, zone 2) , We can see the price target of $21 by end of October. Bull case scenario on this pattern leaves us at $28 by end of October. **Provided also are: *Pink reversal zones (possible to signal reversal if falling out of ascending channel ) * gray area zones (possible for upside or downside) *red breakdown zones (for price action that falls out of the bullish trend )
NYSE:NIOLong
by king806
$WKHS long and strong a bunch of momentum in this stock not to mention the momentum in it's specific EV sector with $TSLA showing historic gains and $NIO joining the party. The companies with product out now are getting rewarded as Nikola has seen a bigly reversal. Don't see much downside but always need to be aware and focused when watching your investments. Complacency is the easiest way to lose your profit after putting in the work to get you in a situation of profitability; a lesson for myself and others don't get complacent. You never know what's going to happen in these markets and as of now $WKHS is a largely speculative stock/company. Great potential and upside, but is coming off of 12 days of green (following 2 red days) but we've seen these go either way so cautious with these high flyers cause they will fly in both directions.
NASDAQ:WKHSLong
by levi.stern95
Electric Vehicles - SOLO EV, Huge Potential, Deliveries Soon!Electrameccanica Vehicles Corp., a development-stage company, plans, develops, manufactures, and sells electric vehicles under the SOLO name. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. It also has two other electric vehicle candidates under the design development stage, including Super SOLO and Tofino. It also develops and manufactures custom built vehicles. The company sells its vehicles online through electrameccanica.com Website, as well as through corporate owned stores. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Vancouver, Canada. The SOLO niche market could be gigantic especially in high tourism states, cities, towns and around the world. I think this stock has huge potential. See article link below. electrek.co On 06/16/2020, Electra announced the accelerated expansion of the company's retail footprint for its flagship SOLO EV with new locations planned for Arizona and Oregon. The company currently maintains a SOLO EV storefront at Westfield Century City in Los Angeles with a second location under contract at Westfield Fashion Square, a shopping center in Sherman Oaks, CA. Electra said "Production for existing orders remains on target and they expect to begin deliveries of SOLO to U.S. customers starting this fall." When you look at stocks like Workhorse (WKHS) and Tortoise (SHLL), who have not even started deliveries, SOLO is undervalued. I think the market for SOLO is huge especially in highly populated cities like New York and Boston where parking is hard to find. Currently, the stock has Bullish fundamentals. See below 2-Jul-20 3.13 ▲ Thu SOLO New York 29-Jun-20 2.56 Bullish Tenkan/Kijun Cross Strong 29-Jun-20 2.56 Bullish " Bullish Kijun Sen Cross Strong 25-Jun-20 1.91 Bullish Senkou Span Cross Strong 8-Jun-20 1.65 Bullish Kumo Breakout 21-May-20 1.06 Bullish Chikou Span Cross Again, the big game changer here, SOLO in my opinion has a niche market that could explode in orders moving forward. Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
SLong
by HotCharts
1
CBAT EV PLAY "CBAK Energy Technology, Inc. engages in the development, manufacture, and sale. of lithium ion rechargeable batteries. It offers aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell, and high-power lithium battery cell. Its products are used for electronic vehicles; light electric vehicles ; and electric tools, energy storage, uninterruptible power supply, and other high power applications. The company was founded in August 2001 and is headquartered in Dalian, China." Recent PR 11:22 AM EDT, 06/29/2020 (MT Newswires) -- CBAK Energy Technology ( CBAT ) , an electric energy solutions specialist, said its China BAK Asia Holdings signed a framework investment agreement with Jiangsu Gaochun Economic Development Zone Development Group for potential lithium battery projects. Through the deal, the CBAK unit aims to develop certain lithium battery projects with a capacity of 8 gigawatt hours, with Jiangsu Gaochun to provide various forms of support to facilitate the the projects' development and operation. No financial terms were disclosed. Price: 0.84, Change: +0.10, Percent Change: +13.51 In at .81 looking for break of .9 PT1 1.02 PT2 1.18 PT3 1.88
NASDAQ:CBAT
by Crispier-Bacon
NKLA Announces Joint Venture with CNH Industrial This is a follow-up to my previous posts. Today, Nikola announced the joint venture with CNH Industrial that I have been talking about for several weeks. Why this stock is not moving way up on all the great news is beyond my understanding. The IVECO unit of CNH Industrial has been building big rigs for decades, and will jointly start building the Tre in Germany with Nikola. Nikola Tre Featured snippet from the web The battery electric NIKOLA TRE is based on the IVECO S-WAY and integrates NIKOLA's class-leading technology. It is the first step on the path towards the fuel cell electric model (FCEV). Dec 6, 2019 www.caranddriver.com Nikola also announced it has $12 billion in pre-orders for its U.S. trucks, up from the previous $11 billion. www.bizjournals.com In a report by Cowen & Co. on June 17, 2020, the report essentially said, "by Nikola outsourcing production, it could mitigate risks that Tesla went through." CNH is Nikola's partner in the venture. Is there something someone on Wall Street does not understand? CNH owns over 25 million shares of Nikola or 7.11%. CNH has a market cap of almost $10 Billion. While investors are buying up stocks like Workhorse Group, buying on speculation, you have a company here, CNH Industrial, already making billions of dollars aside from the electric vehicles. This is the stock to own in my opinion. It's all about common sense and profits. CNH is already profitable so going into a joint venture with Nikola will just add more revenue to the company. In the link below, CNH is mentioned in the paragraph after the chart. None of the news wires posted the link below to Wall Street news services today. It leaves me thinking, are people secretly buying up CNH before they run it up to $20.00 or $50.00 like they have done with several stocks in the electric vehicle industry? www.bloombergquint.com DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CLong
by HotCharts