EV
Proterra Pennant Play! Another EV Company Gearing Up For A Move Proterra NASDAQ:ACTC designs and manufactures electric transit buses and electric charging systems. I am not going to do a big write-up on Proterra, this play for me would be a shorter term swing/breakout play. The company looks solid, their customer base is quite impressive and spans across North America. They are a very diverse company and have established a strong foothold in the heavy-duty electric transportation industry.
Chart: Beautiful pennant has developed over the past 31 days and looks to me like we could rally back to $30 if the market complies. I will be watching ACTC for volume. As can be seen from the chart once it was announced Proterra was going to be merging as ACIC we had a huge rally to $31 and then a cool off with a base forming at $24-$25 range. I will be looking to enter on breakout of the pennant with common stock and depending on the IV I may enter 2/19 $25 calls (currently $1.3/1.5).
If the pennant breaks down watch to see if ACTC finds support at $23 lvl where it has demonstrated a solid bottom already.
PLUG over 70.00Beautiful wedge forming here, my guess is that it takes a day or two for price to close right around this level, and then a big break over. Of course this could bust through with conviction on high volume in one day, but more likely that it takes a day or two to set up. Can use the opportunity to position with long dated calls or shares, I think there’s a high likelihood this breaks to the upside. The wedge is a reliable pattern given then strong run up, and EVs are a hot sector likely to continue rapid growth.
The Ski Mask is on......AlbamarleI see a quick drop in price before the continuation of a tested resistance. I really like this company as they are the largest company within the lithium industry which will be in high demand for the auto industry. Going through a covid phase. They should be ok as the financials are still in ok enough shape to me for growth and long term value. I think price bounces off of $160.38 and shooting up towards resistance and above down the line.
What do you think?
The Ski Mask is on......BLNKI like blink charging for a long term hold. Obviously we are headed into the EV age and I like how this company no only participates in making vehicles, but also dealing with charging stations was a big plus for me. I like the commercial value of this company down the line. Price is in a support zone look for it to test resistance since mac d and rsi are on the bottom side meaning that price could be oversold.
What do you think?
$FUV - An old friend is backAnother holy grail watch. I have been in and out of this one for a nice profit a couple of time already.
- Adding to watchlist again
- Bounce off 20MA for Holy grail
- She's a runner, could be huge move.
Watching for now...
HYLN Hyliion - A proper EV breakout incommingBattery tech charged for HYLN news released (what convenient market timing) as it fills out the breakout here.
I'll be entering calls for mid March. Good luck, trade safe and manage your risk!
Like/share if you like these charts ask me about them!
CIIC Long Term movement in coming monthsI believe that with the hype of SPACs dying down, attention has moved away from a very big SPAC player. Within the upcoming months, CIIC will move in an uptrend because of its companies fundamentals and because of the catalyst that follows. Two catalysts are its official merger and the start of their production line.
SOLO, When it pops, it pops!Last run-up, we had a 400% gain over a month. therefore seeing a 300% gain by March is not out of the question.
A run-up will happen with all the consolidation SOLO has been doing, and it will be a bug one, all the way up to tap the support line, at the top fib level.
WKSP BreakoutI have been watching this company the last couple months.
finance.yahoo.com
www.gurufocus.com
Looks extremely promising to me. When they start making contracts with companies building new electric trucks this thing will pop.
Nio breakout zone Just an update, if you’re not already in the trade look for bullish action and a confirmation of the break out. The stock could retrace here, but I think that the sentiment and market conditions are really bullish so I doubt it. I could give more technicals and cool numbers but I don’t believe it to be necessary to see the trade.
I own stock
Electric Vehicle Frenzy. Is XL the Next Breakout?!?XL is an EV play that I have been watching for the past couple of weeks. Recent news: 6 days ago they released news on a partnership to develop all-electric and plug-in hybrid refuse trucks with Curbtender. They also were initiated with Buy rating and $30 PT at Canaccord and BTIG. This news gave XL some momentum and we gapped up 8% and tried to break out of the Daily channel. XL sold off hard and gap filled but found a bottom at $20.12 area and has started to bounce. Today we retested the Daily trend line but failed to close above. EV stocks are hot right now (check out NIO and BLNK). XL looked to have the same momentum this morning but failed to hold the gains.
Volume: on the 4h chart we can see a stepwise increase in volume as we found support around $20 lvl. Today’s volume may have just been a sympathy play based on the overall EV market but keep an eye on how XL behaves the rest of this week. I am going to be watching to see if we can breakout of this Daily channel. This would set up a retest of $25. The main thing missing from XL is volume. Ideally we want to see >12M in volume.
SMA’s: We have the Daily 20 SMA serving as support at the $20.18 lvl and on the 4h chart we are sitting right above the 50 & 20 SMA’s which should help hold the $20 lvl.
Plan: I am currently swinging shares at $20.41 avg which I will hold with a stop loss under $18.30. If XL fails to gain momentum and breakout I will be looking for another leg down to the $18.70 area where we had the triple-bottom. If these lvls can hold I will add more shares.
If volume and momentum continue into tomorrow and we can break out of the wedge pattern then I will be adding 2/19 22.5 and 3/19 22.5 calls for swings.
**I will be keeping an eye on NIO NYSE:NIO /BLNK NASDAQ:BLNK to monitor EV momentum. I am currently in NIO calls as of this morning with the massive breakout. Hopefully, this can continue into tomorrow for XL.
About XL: XL Fleet Corp., formerly Pivotal Investment Corporation II is a provider of vehicle electrification solutions for commercial and municipal fleets. The Company offers electric drive systems that enhances fuel economy up to 25-50% and reduce carbon dioxide emissions up to 20-33%, while enhancing fleet operations. The Company offers XLP plug-in hybrid electric and XLH hybrid electric upfit solutions. Its hybrid solutions can be installed onto many of the gasoline and diesel fleet vehicles, including pickup trucks, cargo and passenger vans, commercial vans and shuttles, box trucks and delivery vans. The Company offers its solutions for Ford, Chevrolet, GMC and Isuzu customers.
Xpeng swinging, hitting at least 60 end of feb/beginning of marsWith the recent announcements (european deliveries, sales compared to last year etc.) and fine technicals, we are most likely looking at a second swing here and potentially hitting the 60$ mark at the end of feb/beginning of mars. Maybe even earlier. The recent EV-hype strengthens this stocks relyability even more. I believe we're going to hit the ~140$ mark ,at least, at the end of the year considering the already build factories and the financial backing. Keep an eye out for the delivery growth moving forward, if we keep recieving good numbers from the company the PT is almost a certainty.
SOLO SwingFalling wedge broken but ascending triangle could still indicate a bullish move up as seen on 1D chart.
In at 8.59. Tight stop loss, out at 8.20.
Xpeng EWP triangle Xpeng seems to be moving in a EWP triangle, decreasing volatility and volume is a signal of consolidation and an imminent breakout. Like other EV car manufacturers, positive fundamental news, increasing sales and a worldwide adoption of EV technology could make 2021 a great year for EVs.
QS potential buy opportunity The daily chart shows the price action moving between the 25smma and the 50smma. The 50smma should act as support, the logic behind this trade is to enter at the 50smma and look for a break out, or at least a good entry since sideways movement could also be expected. Keep in mind that this is a very speculative, scientific driven investment involving complex physics like solid fluid states of matter and the use of these materials to drive technology forward. This company though it just had a major breakthrough it still may be many years from real production. Another case for a guy is an acquisition but a large automaker.
With that being said on close examination of the ev market, many tickets are exhibiting signals for a potential breakout. This may mean the entire market may be ready to rally as its predicted that has power cars will become a liability rather than an asset for automakers.
Singh says that QuantumScape’s battery is the kind of step change in performance that will push EVs into the mainstream. He’s not the only one who thinks so. The company counts Bill Gates and Vinod Khosla among its investors, and several battery barons, such as Tesla cofounder J. B. Straubel, sit on its board of directors.
"NGA" merging with Lion Electric. huge growth potential!NYSE:NGA This SPAC will soon merge with lion electric. Lion Electric is the only manufacturer that makes e-schoolbuses and is providing them to schools right now. with the new Biden plan(500k e-schoolbuses) Lion electric will definitely be a huge winner, since the demand for e-schoolbuses will be huge in 2021 and in the following years. they also make other commercial evs such as trucks. they recently had a deal with AMAZON and have orders coming from many clients in canada and north america. After the merger the ticker symbol will change to LEV and now in terms of technicals its a great time to buy.(fib level)(strong support)(consistent uptrend).