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.
EV
$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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NKLA - like the mythological bird from which the city it is headquartered is named- CAN IT RISE AGAIN ?
The 4H Chart shows NKLA sitting on a support zone with the resistance
zone 35% to the upside. The RSI indicator shows bullish divergence
on the downtrend which has now reversed.
I see this as a low-risk long trade setup.
$MULN Stoch RSI and Chart look primed to pop to top resistanceWeeks of constant downtrend look very likely to start recovery soon. $MULN will be delivering EV cargo vans in Q2. They have applied for a $450M ATVM governmental loan. The Mullen Five looks absolutely stunning. Marketcap is under $30m? Seems like an obvious buy. Enter at your own risk. These are my opinions only and should not be considered as advice. I have started a position recently in $MULN common stock.
SELL TSLA BUY FORDThis DAILY CHART shows the ratio of the TSLA price to the F price
to generate signals to buy and sell Ford and Tesla by exchanging
stock one for the other upon a signal.
Eton Musk who is not a stupid or poor guy just the other day
sold $6 TSLA stock at the local pivot high. He is an insider;
others will follow his lead.
S horting TSLA or buying near term put options may be a wise
reaction to the move TSLA and its CEO are making.
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
$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)
$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?
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.
$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.
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
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
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.
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.
$CHINAH bullish set-up? 👁🗨*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
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.
TSLA LONG ( Cup & Handle)NASDAQ:TSLA
TSLA on the 4H Chart printed the handle /retracement to the Fib 38.2
and is now either in the early reverse or simply trending within the
downward parallel channel. It is perhaps a good sign that
TSLA was relatively strong on a weak day in the overall market
NASDAQ:TSLA
TSLA SHORTNASDAQ:TSLA
On the 4H Chart, TSLA is at the resistance of the SEll orders @ $ 924 with a Doji Candle.
TSLA is looking to reverse the trend and head down to 860 or beyond to 720.
Terminal RSI divergence hints at the reversal as does the increasing Choppiness Index.
A stop loss set at $1.00 above today's high seems reasonable and yields a low risk
for the expected reward.
What option would you use to trade a put to address this idea?
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)
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.