Rivian Could Be Forming a RangeElectric vehicles have been in focus since the Inflation Reduction Act boosted green-energy incentives. Let’s check out Rivian Automotive, the truck maker trying to stabilize after a big slide.
The main pattern on today’s chart is a parallel channel forming between roughly $30.80 and $40. RIVN initially bounced at the low in mid-June before proceeding to a four-month high. It pulled back to retest that low in late August before rebounding to $40. The stock ended last week back near the bottom of the range. Will investors look for the recent low to provide support?
Next, stochastics are nearing an oversold condition. RIVN’s bounce in early September followed a rebound from the oversold low. Traders may watch the oscillator for clues again.
Third, in addition to the channel, price is trying to bounce at the 100-day simple moving average (SMA). That could suggest its longer-term trend is getting more bullish.
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Electricvehicles
TSLA, broke the triangle, that points to lower prices, but...315 has been a very strong resistance to break for TSLA. On the chart you can see that the top box was built from the top of the breakout gap of Oct25,21 and the pivot point high of Nov4, 21, then we cloned it to establish the bottom box whose floor was the target of the correction, which was met to perfection.
Last Friday TSLA broke below an almost symmetrical triangle and although this portends further lower prices, it is possible that the rebound we are expecting from the SPX tomorrow Monday and/or Tuesday, may help TSLA to recover the inside of the triangle. There is support at 265 and 255.
We remain neutral at this time, but think that 315 will stand as resistance for quite some time.
EKI ENERGY SERVICES. its a great model business. as the new future is of EV sector, EVa vehicles and so on.., this stock will come in demand with many other automobile making company, to check their carbon offsetting. government will too focus on this sector, too make the the country pollution free.
currently, now its in demand sone(support level), it should rise.
good for swing trading.
and the best part of stock is- it recently launched its IPO, ipo was subscribed in a great manner, and within some time itself, it gave a good divident along with a stock split.
Lots of Things Aren’t Happening with TeslaLots of interesting things have been happening in the market lately. Today we’ll consider those, plus what isn’t happening in Tesla.
First, the S&P 500 knifed below its 50-day simple moving average (SMA) in early September. TSLA, on the other hand, bounced at its 50-day SMA.
Next, the bigger index saw its price ranges widen as volatility increased. TSLA’s, on the other hand, narrowed.
Third, the S&P 500 hit resistance at its 200-day SMA in mid-August and quickly fell back under its 100-day SMA. But TSLA managed to remain above its 100-day SMA three weeks ago and has spent the last week consolidating above its 200-day SMA
Finally, the S&P 500 hit a two-month low at the end of last week. But TSLA has remained in a tight range near its highest levels since May.
This leaves the electric-car giant in a potentially interesting spot about two weeks before the release of quarterly delivery numbers. There have also been reports this month about some big production gains as capacity comes online and supply-chain issues improve.
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TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Tesla Gets TestyOver the past few years, not many companies have seen the hype that Tesla has when it comes to its stock performance.
Starting at $1.10 in 2010 and pushing up to the range of $1200 near a decade later (before the stock split), early investors have enjoyed monumentally unfettered growth in profits.
A side-effect of this historical growth has been undeniable euphoria. There is no better drug for a trader to experience. Even after Elon Musk sold large amounts of his shares, euphoria is what kept many retail investors loyally invested. The only reward to come was a loss of peak gains.
Although Tesla has more juice in the battery pack and could easily extend its value towards $520 in the months ahead, the pending correction will be monstrous and one that any investor should want to protect themselves against.
See related ideas below:
Tesla Prepares for Major Dip... (before a stock split was actualized, the waves showed that a return below $500 was very likely to come).
Tesla Returns to $50... (a supremely immature call. The current position of the pattern was also incorrect however, the retest level below $50 is very likely to manifest beyond 2023).
EVs recovering with Inv H&S; watch BO>wma 50@41Volume has been steadily decreasing since KARS fell from 52.31 ATH. It is preparing to cross above my
Green zone which is at the intersection of weekly wma50 & 100 & also the Ichi cloud resistance.
Once KARS holds 41, then 50 will be the next target. So watch out for volume to increase on BO.
Not trading advice
NIO SETUP LONGNYSE:NIO
NIO is thriving despite a faltering Chinese economy.
It has good recent earnings and is competing well with TSLA
and other Chinese EV's like XPEV In the meanwhile it
is making inroads in Europe, especially Scandanavia
They say buy low ( weakness) and sell high ( strength(.
NIO is weak right now as the chart shows. with price
below the cloud now sitting on an advance buy order
support with a low RSI. This is a buying opportunity
As ab aside BIO is said to be seeking a partnership
arrangement with a US Domestic EV company. Should
it find such agreement, it fundamentals likely would
get another uptick.
8/17/22 QCOMQUALCOMM Incorporated ( NASDAQ:QCOM )
Sector: Electric Technology (Telecommunications Equipment)
Market Capitalization: $166.799B
Current Price: $148.53
Breakout price trigger: $151.35
Buy Zone (Top/Bottom Range): $146.80-$141.25
Price Target: $164.20-$165.30
Estimated Duration to Target: 32-35d
Contract of Interest: $QCOM 9/16/22 150c
Trade price as of publish date: $4.75/contract
FSR Uptrending in Ascending ChannelNYSE:FSR
FSR is uptrending on the one-hour chart.
It is in the bottom quarter of the channel
and relative strength is mid-range.
It is at the multisession VWAP after
a small pullback down into the bottom of
the channel and seems to be at
a long entry.
At the last earnings, FSR exceeded analyst's
expectations.
FSR's website and marketing suggest a
bit of a "cult" forming.
The recent legislation and bill in DC
for federal tax credits may serve as
a catalyst for a further price action
All in all, FSR might be worthy of an
upgrade from watch to buy.
7/17/22 LILi Auto Inc. ( NASDAQ:LI )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $37.118B
Current Price: $38.45
Breakout price: $39.00
Buy Zone (Top/Bottom Range): $38.10-$36.15
Price Target: $40.50-$41.40 (1st), $47.30-$48.50 (2nd)
Estimated Duration to Target: 13-15d (1st), 54-58d (2nd)
Contract of Interest: $LI 8/19/22 40c, $LI 9/16/22 40c
Trade price as of publish date: $2.70/contract, $3.80/contract
Alpha opportunity from modem and processor chips monopolySummary
3 years into Covid and the risk of recession starts to outplay the chip shortage story of semiconductor industry. With its unmovable monopoly status in its own specialties, we think there is alpha for Qualcomm against its semiconductor peers . Dominance in modem chips and smartphone processors, the company recently declared another victory as Samsung KRX:005930 gave up the plan of using the self-developed processor Exynos2300 and continue with the latest snapdragon SM8550 for the coming new galaxy S23. Just a few days earlier, another source has also shown that Apple NASDAQ:AAPL might not be able to develop their own 5G modem chip on time, which means until 2023 100% of apple products will continue to rely on Qualcomm for connectivity modem chips (instead of the previous forecast at 20%). Although the smartphone market is expected to go into a bear market for 1-2 years, Qualcomm business should still be able to maintain growth by expanding market share within . Another trend worth note taking is the rapid adoption of electric vehicles that has speeded up the development of smart-automobiles, which as a result dramatically increased the chips consumption for the automobile industry. Qualcomm infrastructure and experience in internet-of-things (IOT) application is going to give them a natural edge to make a monopoly again in car chips , which can be the growth story in the coming 2-3 years.
Albeit claiming monopoly in modem and high-end mobile processor chips, there are plenty of challengers from Taiwan and China especially on the lower-end chips. Among the challengers, Mediatek from Taiwan is rapidly gaining market shares by producing chips for mid-to-low tier smartphones such as Oppo, Vivo and most models of Xiaomi. The price barrier from lower-end chip makers make it hard for Qualcomm to entering the broader IOT market especially for devices that do not require high efficiency and computational power.
Trading discussion
Given the mid to long term positive outlook of Qualcomm, we can trade QCOM from both a short term rebound angle, as well as long term investing perspective . The company is currently trading at PE of 13.5, which is lower than its semiconductor peers. Low PE stocks are more defensive against valuation squeeze under the current increasing interest rate environment. Here are QCOM’s peers current PE for reference:
NASDAQ:AVGO : 23.9
NASDAQ:NVDA : 40.7
NASDAQ:AMD : 28.7
NYSE:TSM : 17.4
Technically speaking, QCOM is still under a bearish trend with the 20 days moving average running below the 50 days, and both pointing downward. The 50 days moving average is still the biggest upside resistance for QCOM with two previous breakout attempts on Apr-28 and May-31 both failed. Currently QCOM is flirting around the 50 days moving average again and we shall closely monitor if the breakout will be successful or not.
Here are some technical levels one should pay attentions to:
Downside support
118.23: Jun-23 dropped to a 52-weeks low
96.17: Jan-17 2020 pre-covid high, which was broken on Jul-30 2020
Upside resistance
136.39: Jul-8 attempt of breaking 50 days moving average
151.2: Apr-28 attempt of breaking 50 days moving average (also the current 250 days level)
Note that short term traders and long term investors can see and use the above levels quite differently. For short term traders, the upside resistance can serve as entry when breakout for trend following, and breaking downside support to exit. On the contrary, long term investors might make use of the downside support as entry to accumulate long positions at lower cost to save up more cost buffer to ride a longer cycle.
$TSLA TESLA Motors Bearish Pennant vs Bear Flag$TSLA TESLA
I wouldn't ignore this bearish pennant on the 1 Day - daily.
It had a death cross on daily at the end of MAY. This is generally a lagging indicator and it appears it might be ready to show out after printing a bearish consolidating pattern.
Support levels are marked below. Also a GAP marked in RED.
I am wishful hoping the gap will fill because I would love to load up on shares but I'm not sure if it will go that low ever again.
Will Elon musk & Tesla change the WorldThe statistics are between $732 - $950 (1 Year).
After delaying virtually all new vehicle launches for the last few years,
Elon Musk has now set a strong timeline for Tesla to bring Cybertruck, Roadster, and Tesla Semi to production in 2023.
Once these products and more come out, Tesla will blow up again by at least $1.500.
Cathie Wood's Ark Invest says Tesla stock will more than quadruple in price by 2026 if it can deliver a network of self-driving taxis.
ARK Invest reiterated its bullish view on Tesla on Monday with a $4,600 price target by 2026.
TSLA 2021 fractal points to a 540 to 800 range for 3Q2022Don’t expect TSLA to break above 800 in the very short future. If we take the May 2021 yellow box fractal as a guide, the volatility range this 3Q will be between 540 & 800 or even until Oct or Nov of 2022.
WHY LOOKING BEARISH: Even Elon himself is preparing for a downturn by reducing labor force. On the technical side, since breaking below 800 in early May2022, TSLA has just been pivoting around the 700 zone unable to recover 800 but instead, it is making lower highs & lower lows this whole June.
My M-pattern scenario might still play out with the bottom coming at around 540 or even 420. (I just have a hunch Elon will defend the 542 zone with his illogical TWTR offer price also at 54.20 per share). My maximum pain level of 420 happens to be a 1.618 retracement of the wave B rally. Ending this ABC correction will start wave 5, probably to do a melt-up top before recession kicks in in 2023.
EV may be a shortterm solution for current fuel crisis but the chip shortage & charging infrastructure are still headwinds. The expensive cost of EV & EV batteries is also delaying a migration from gasoline & diesel vehicles.
Not trading advice
$TSLA Analysis, Key Levels, and Targets (REQUEST)$TSLA Analysis, Key Levels, and Targets
I got a few requests for Tesla…. I don’t actually trade Tesla often - I did last month and did great 💃🏻- but I track it…. I don’t think I changed a whole lot from the last chart…. I have a few targets below that if they hit I’d go long for a quick scalp…
Hopefully whoever asked for this knows how to read my charts because there’s lines errrrywhere…
Have fun, y’all…
—-
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NIO: Deliveries up YOY!!NIO
Short Term - We look to Buy at 16.34 (stop at 11.63)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported a 11% year on year rise in deliveries which is good fundamentally. The trend of higher lows is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Further upside is expected although we prefer to buy into dips close to the 16.00 level.
Our profit targets will be 27.48 and 32.00
Resistance: 24.00 / 34.00 / 45.00
Support: 16.00 / 12.00 / 5.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
NIO (NIO) | Starting To Get Attractive Around $10Hi,
Criteria:
1. Channel projection (quite subjective)
2. Mid-number $10
3. Fibo Extension
4. Previous minor resistance can play a role inside the zone
5. Potential gap fill
Do your own research and if it matches with mine you are ready to go.
Regards,
Vaido
EV's Costs SkyrocketingZinc, Cobalt, Palladium, and Lithium are raw materials that go into batteries. The prices of these raw materials have skyrocketed. This means that electric vehicle producers that need these materials to make their batteries are about to see price increases for their products. Electric car makers like Tesla and Rivian will be forced to pass these prices onto consumers. Expect inflation across the supply chain.
ZEV all time low | Falling Wedge Chart PatternZEV Lightning eMotors manufactures zero-emission commercial fleet vehicles and powertrains to commercial fleets, large enterprises, original equipment manufacturers, and governments in the US.
In the chart we can see a huge Falling Wedge Pattern, which is a bullish sign.
On 3/29/2022 DA Davidson brokerage Lower the Price Target Buy rating from $17.00 to $13.00
My price target is the 9.30 resistance.
Looking forward to read your opinion about it.
$NIO Key Levels, Analysis, & Targets$NIO Key Levels, Analysis, & Targets
I like NIO. I find it easy to trade, though I haven’t traded it in a few months because the down trend was too strong… and even though I do think that, ultimately it will go lower I think I’m in for a quick swing…
Swing setup
1 at 19.61
1 at 13.72
2 at 10.63
(Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size)
If all 3 hit I’d be looking for a 55% swing
And dang… I would love to load up in that gap around 9.50-10.50
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NIO Inc (NYSE: $NIO) Looks Ready To Rocket! 🚀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.