Get started

EV

RIDE is on the HIGH ROADNASDAQ:RIDE RIDE , an EV stock has a catalyst in the new federal legistlation. It has been rising in an ascending channel since early July when it reversed a downtrend with a double bottom Here on the 4H chart are supply demand zones, the volume indicator and an EMA ribbon surrounded by Bollinger Bands. Blue volume spikes with the recent excellent earnings report and then the federal legislation have given RIDE buoyancy. Presently, it is sitting in the lower portion of the ascending channel and the middle of wide Bollinger Bands. I see RIDE as an excellent swing trade setup with a stop loss under the support zone and a target above the resistance zone near to the high price on the chart set on earnings which also corresponds to a high volume node on the volume profile. at about the recent high set on
RLong
by AwesomeAvani
$LCID: Short it to $0...cash burning like there's no tomorrow.I'm shorting $LCID here, nice weekly setup, downside targets are $9-10, and up to $1-2 by December 2nd or sooner. I'm long puts to ride this move, since the stock is hard to borrow. Worth a shot, you could also consider a portfolio where you long the relatively safe EV names vs shorts in EV startups that are burning cash and unprofitable, which will likely continue to pay off (long $TSLA, $F, $RIVN maybe, vs shorts in $NKLA, $LCID, $ARVL, $FFIE, $FSR, etc)
NASDAQ:LCIDShort
by IvanLabrie
9
$GMLast week (previous candle), we have located a potential market anomaly. A shooting star candle with above average buy volume. I feel like bulls that missed out or still attempting to squeeze juice from the July 11th rally may get some tough days ahead. Price could continue to rise a small bit. However, we are waiting on distribution which should take us to the 2nd wave. We don't know how long this will take. The RSI K/D is starting to cross down from an over bought stance. We are looking for price to reach $35 to $37 at some point. We just completed an ABC expanded flat on the weekly and will be patient to see if a new impulsive wave is coming down the line. At this point, we will be looking to trade each wave so I will update as we go. What do you think?
NYSE:GMShort
by Redimere_91
1
TSLA SHORT NASDAQ:TSLA TSLA on the 4 hour chart appears to be in a downtrending parallel channel and presently at the upper resistance boundary of the channel. This could also be a megaphone pattern as the channel is widening a bit as it descends. I see the horizontal resistance of February 2021 market high as resisting any breakout to higher prices. I see horizontal support below at 190 from the market lows in March and May this year. The MACD oscillator is in mid-range as is the RSI oscillator. The latter shows some bearish divergence suggesting an impending reversal. I see this as a short setup to synergize with the general market the downturn from the current market price to 190 or until just before the earnings report in mid-October. This is about $100 of profit I will set a stop loss of $5 above the current market price Thid is a great reward-to-risk ratio even if the price gets jammed up at Fibonacci retracement levels on its way down. The low-costTR bearish ETF is a consideration as are out of the money put options.
NASDAQ:TSLAShort
by AwesomeAvani
$TSLA stock split should reward in short term The last time TSLA split its stock, the stock ran up about ~150% to its relative peak (actually it's all-time high). This is just anecdotal but the saying goes "history doesn't repeat itself, but it often rhymes". My reasoning is based on the fact that now this opens up the ability for more people to trade options and buy the stock outright (yes, there are still brokers that don't allow fractional shares). I believe this increased volume and paper in the name will result in positive momentum. I'm not sure its going to go another 150% because that would be insane but I just copied and pasted for the sake of comparison and seeing where we'd end up. $740 TSLA post split. There's also a sort of cup and handle that has formed and could make for a big, sudden move. The stochastic RSI is in the middle of a bullish cross, with the 20 DMA cutting through the 200 DMA with the 50 DMA about to break through the 100 DMA. Momentum appears to be towards the upside.
NASDAQ:TSLALong
by EBITDAtiger
1
CHPT big upsideCHPT broke a trendline in July of this year that started in January 2021, after a large push up the stock has regressed back to the trendline and bounced off nicely. With earnings for CHPT only 8 days away, depending on the results I believe this could be the start of a huge rise in the stock. AGAIN, be weary of buying anything before or after earnings. However, based on positive recent publicity and the stock trend, things are looking very good for CHPT. If you have the risk appetite I would be a buyer and long-term holder
NYSE:CHPTLong
by myfye13
1
Lucid LCID Under The Control Of SellersLucid Group (NASDAQ: LCID) stock dropped 6.73% on Tuesday. Lucid has posted last week a nearly 40% miss in revenues alongside a 50% production cut as the company navigated a challenging second quarter. LCID stock was significantly led by the sellers during Tuesday's session, violating the upward sloping trend line. Now, $16.80 is the key support we should stay above to ensure that yesterday’s bearish setup is over and puts LCID back on a neutral outlook to test $17.90 - $18.40 resistance levels. Otherwise, a confirmed break below $16.80 will then turn LCID decidedly more bearish to test $16.20 - $15.60 support levels. It is worth mentioning that sellers had smashed the major price-based volumes area represented in $18.00 zone and a lower open today below yesterday’s close would confirm further the mentioned area’s violation.
NASDAQ:LCIDShort
by AlyaAkram
3
NVDA Continued Downside RisksThe chip sector has been riding high on assumed strong demand for chips around EV and common goods. I'm not a firm believer this sector will be as bullish and as 'in demand' going into the winter months as countries are starting to experience expansions of higher inflation, company layoffs, and tighter budgets by both companies and consumers. Eventually there will be a time and place for chip demand; however, I don't believe that time is now. Keep in mind NVDA reports earnings in two days.
NASDAQ:NVDAShort
by bsdvs23
Tesla Postpones Descent Below $500 | Digital Surf TradingThe supreme Tesla giant has postponed its tremendous descent below $500 as the previously anticipated Extended Flat has turned out to be a Running Flat correction instead. With a level of concrete support established in the $700 range, the EV leader is now due for a new all-time high in its Wave 5 move which should allow Bulls to reach between $1700 and $2300 by Summer/Fall 2023. The science of price action lets us know that after a 5 wave move completes, a 3 wave correction is to follow. For Tesla, this means that its postponed downswing should see the levels of $170 at most and a mind-boggling $35 at the least -- within the next 3-4 years. I believe there is decent chance that Tesla turns into the next greatest bubble stock. The alternative being that its price will reach beyond $100,000/share during the 2030s, which I'm just super doubtful about. I have no position with or against this stock so I share this with 0 bias and am simply looking forward to see how the price action develops.
NASDAQ:TSLA
by DigitalSurfTrading
10
TSLA SHORT now SETUPNASDAQ:TSLA TSLA has hit heavy resistance on the 2H chart as it came up on the heavy sell order zone and the POC of the volume profile TSLA reacted with Doji candles demonstrating buyer versus seller push and pull dynamics The RSI is decreasing with a rise in price showing divergence and suggesting TSLA is about to roll over. The Choppiness Indicator is still moderately elevated showing buyer. seller action is sideways. All in all, I forecast that TSLA is set up to short ( or via put options ) with targets of 790 and 705. For a great reward-to-risk ratio, the stop loss can be $1.00 above the top of the sell order zone. Please review and offer your opinion in a comment ! ( As an aside take a look at my idea of Sell Tesla Buy Ford using a TSLA / F ratio over time as the key data for the analysis)
NASDAQ:TSLAShort
by AwesomeAvani
Upsize potential for VAG (VOW) due to EV salesVAG shows potential for doubling its share value in the next year due to EV sales. Fundamentals: VAG outplaced TSLA in Europe by sales of EVs in 2022 and has strong momentum which is backed by models ID.4 and ID.3 will continue. eu-evs.com Technicals: - potential ending C (from ABC) -wave on weekly - with the potential to end at the top of the channel on weekly - about 400 EUR/share - 0.382 retracement from the spake in 2008 is at the same 399 level.
XETR:VOWLong
by terrai
1
earnings on deck for $RIVN beaten down growthFundamentally we all know that RIVN was overvalued from day one and was in many ways a poster child for the growth at all costs movement of 2020/21. However, after shedding 80% of its value perhaps it is finding some interest. Like most growth names it has picked up in recent weeks but still faces overhead supply on any large bull run. All that said I have seen a fair number of their trucks on the roads of Colorado this summer and sales will eventually broaden. As long as they can keep up on both manufacturing and company management this may in the long run prove to be a good buy. I will be waiting for earnings before making a move myself.
NASDAQ:RIVN
by OSC_CP
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.
FLong
by AwesomeAvani
COMPOSITE INDEX Electric Vehicle Stocks TRENDING BEARISH In this daily chart, I made a composite index of electric vehicle stocks using an approximate formula weighed by stock prices but not market cap. ( ( $NIO + $LCID + $RIDE + $NKLA +$WKHS) x 50 ) + $TSLA This serves as an approximate normalization adjustment of the varying stock prices in the collection of stocks. I did this to later check to see if there is any effect of new legislation impacting federal tax credits for electric vehicle adoption as a catalyst for price action. So far YTD, the composite at large has fallen 18.5% varying from TSLA is down 6% and LCID as an example of others is down 36% The composite will be a quick and easy way to see if the composite and so the market cap of the underlying stocks inflects its downtrend responsive to the federal legislation catalyst.
NASDAQ:NKLA
by AwesomeAvani
3