$USOIL bullish? bad for stocks? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Higher crude prices next week could resurge interest rate hikes and more hawkish talks from the feds. Probability of the dollar breaking its current macro uptrend is very low.
!! This chart analysis is for reference purposes only !!
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EV
Tesla - Recession poised to weigh on TSLA stock for longerThe next day after its earnings release for Q3 2022, shares of Tesla fell 6.65% by the closing bell. This move came despite record-breaking revenue being reported by the company, but one, which missed analysts' estimates. The company's report stated that the operating margin reached 17.2% and free cash flow exceeded 8.9 bn. U.S. dollars for the past 12 months.
In addition to that, the company said it would continue to focus on increasing production and development of its current projects. In the third quarter, Tesla produced over 365,000 vehicles and delivered over 343,000 of them, putting these figures substantially higher than those for previous quarters.
Overall, the earnings report was solid. But that does not change the fact a recession is underway, and the stock is down approximately 50% from its all-time-high value. While that looks like a bargain to the past, we do not think so. In our opinion, the increasing cost of electricity (or even its unavailability in some countries because of the energy crisis) will pose a short-term obstacle to selling more cars for Tesla in Europe.
Furthermore, with people's declining savings, we expect consumers' willingness to buy vehicles to fall dramatically in the next year. Indeed, we think this will pose another substantial challenge for the company in 2023. Because of that, we believe now is not the time to buy this stock; instead, we will stay on the sidelines and wait. Our views are based on a combination of fundamental and technical factors.
Illustration 1.01
The picture above shows the Tesla stock deep in the bear market territory, down approximately 50% from its all-time-high value.
Technical analysis - daily time frame
MACD is bearish but flattening. RSI and Stochastic are bearish. DM+ and DM- are bearish as well. Overall, the daily time frame is bearish.
Illustration 1.02
The image above displays the daily chart of Tesla stock. It also shows simple support/resistance levels. We will monitor the price and its ability to hold above/below the immediate support; if the price fails to hold above it, it will be bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Elon Musk Predicts 4 trillion market cap for TESLA stock Elon Musk the story teller is predicting that one day in the future Tesla will be bigger than Apple and Saudi Aramco combined. Apple and Saudi Aramco currently are valued around 4.4 trillion dollars while tesla is approximately 690 billion. TESLA AAPL SPY
$TSLA black hole 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$DXY trendline still intact 👁🗨 116?*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
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NKLA | Time to Load | OversoldNikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.
#NNOMF_NANO $NANO will the share price go up?#NanoOneMaterials has signed some great deals this year:
#RioTinto
#EuroManganese
#JohnsonMatthey
I'm curious if the share price will take some positive action in this years last quater?
After touching a 2 years low in May it did a good run till August. Since than the share price was cooling down and tries the next run to the resistance at about CAD 3,3x
If the price can sustainably brake through that resistance again, it could become a nice run. Specially if more positive news will arrive! But first it has to defeat the support at about CAD 2,57
No financial advice - just my opinion.
OLECTRA is forming triangle patternNSE:OLECTRA small cap e-bus stock is forming triangle pattern.
EV related stocks with strong financials are good to average at every dips and wait for good up move on a relevant news.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
TESLA - $TSLA - Head & Shoulder - Distribution almost OVER!!!!!When great trees fall, rocks on distant hills shudder, lions hunker down in tall grasses, and even elephants lumber after safety.
Soon Tesla will move from the head & shoulder -- down to its KNEES and that is when we will execute our entry for a long hold.
Sorry Elon, your Ponzi gig is up, you can't produce because you don't have materials and the ones that exist are over priced just like your vehicles.
Your stuck boo, your in a corner, stalemate, king cannot MOVE!
I presented this head & shoulder pattern on $TSLA back in July, before the Right Shoulder was complete and now we are on to the final stages.
I see a bounce occurring before heading lower.
On Monday - US holiday - we should expect lower volume and usually that means a sell off.
This view is on a weekly timeframe. I believe Tesla will wick below the neckline as it has in the past and then squeeze up and fill the GAP to $262.47 (1st target).
If the S&P500 shows strength mid October, prior to OPEX options expiry date, Tesla may keep trekking up the the second target which is in the $290 range before breaking the neckline.
Head and shoulder criteria:
1. Buying volume is diminishing and showed most strength on the left shoulder.
2. The head is much higher then the left shoulder.
3. The neckline fits the description of a proper head and shoulder pattern.
GOOODLUCK TRADERS!
VEV -- Gap fill playUnder the radar Electric Bus & Truck manufacturer trading near recent lows. Good opportunity on 1.07 gap fill.
KPITTECH is in retracement after Channel breakoutNSE:KPITTECH midcap broke out channel pattern on 2022-09-22 and is in retracement at channel resistance turned as support.
Pros:
Strong fundamentals and financials.
Consistent revenue and profit growth.
-ve net debt.
Consistent dividend yield.
Cons:
Continuous reduction in FII and DII holding.
High PE ratio.
Price above Intrinsic value.
Entry : Enter if price goes above recent high of 684 with strict SL.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
XPEV | Triple Divergences| Great EntryXPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.
I still use dollar cost averaging as a way to minimize risk and guarantee a good return. Patience is required in this process.
Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security.
Dollar-cost averaging can reduce the overall impact of price volatility and lower the average cost per share.
By buying regularly in up and down markets, investors buy more shares at lower prices and fewer shares at higher prices.
Dollar-cost averaging aims to prevent a poorly timed lump sum investment at a potentially higher price.
Beginning and long-time investors can both benefit from dollar-cost averaging.
Not financial advice. Always do your research!
TATAELXSI is near support line of channel patternNSE:TATAELXSI large cap IT stock is near the support of channel pattern formed since 2021-04-01
Pros:
Consistent increase in Revenue and Profit
Zero net debt, very low debt to asset ratio
Consistent dividend payer
Cons:
Trading at very high PE ratio.
Short term : For short term gains, buy at channel bounce around 8700 and above and exit at 20% gains.
Long term : Since the channel is formed for 1.5 years, higher gains can be obtained in long term by accumulating more at lower levels. Buy around 8200 and more at lower levels. Exit can be near the resistance reversal or after breakout (if any). This can nearly provide 50% for full up move.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Tesla Stock using trend, volume, and funadamental ratiosPredicting the future is difficult, isnt it? I'm not very good at it. That being said, I have got gotten good at choosing the scenarios I prefer and avoiding ones that look unfavorable. Charts and fundamental data, combined with as much reading on future prospects of a company, thats they way to go in my opinion. NASDAQ:TSLA
LI | Loving This Play | EVLi Auto Inc., through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is headquartered in Beijing, China.
F Head and Shoulders SHORTFord had great earnings and revenue beats in July however inflation
is eroding the purchasing power while Ford raised the price of its flagship
EV, the Lightning by $8000+ and supply chain issues persist.
The 2H Chart shows a head and shoulders pattern with price currently
sitting at the trigger area at a time when the general markets are
"challenged".
Shown on the chart are the mid-Fibonacci levels on the retracement
of the uptrend which started July 5th and ended about August 16th.
Thye may suggest that F could downtrend into targets in the range of
14.3 to 13.05 over the typical slow and weak month of September.
In consideration of this, I will go flat on call options and watch for
Ford's further trend.
$CHINAH support should hold 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
This move will benefit $NIO and $BABA. They have been growing exponentially overseas in China and other countries. My team believes that the Chinese will continue to stimulate their economy financially in order to reverse the damages caused by the Covid-19 pandemic and lockdowns.
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