EV
Good Support for $WKHS so far!Waiting to see confirmation of uptrend on the RSI on the 1D chart. Good support so far at low $15's.
USPS to make its announcement anywhere from here to November.
Let me know your thoughts...
NKLA is only $2 away from the 70% zoneNKLA is probably the most hated and controversial stock in th EV market. I did take a position in NKLA even though a drop to the 70% correction zone could be meet, yet my trade position would last till the event up to NKLA world and hopes that the earnings report tells us pre order numbers on the badger and the the order numbers of the semi trucks.
News
-Trevor decided to stake his company shares, meaning his portion, to buy more shares. This will in return give him more ownership of the company as someone wrote up to 40% (not sure if thats true). Problem with this its not gonna affect NKLA nor is it even a stake since its existing shares and if the company flops no harm no foul, since he already made money on going public.
-NKLA badger is reported that the US hydrogen fuelcell version will have to wait, so NKLA can establish more pumps, since there's only 70 in the USA. Seeing their business model, we might not see the hydrofuel cell version until the semi network is established or partnerships with gas station companies. This is different in Europe will they will see the badger.
-NKLA has broke grounds in Arizona with its manufacturing facility. This also had the Arizona governor showed up. This is really big news for future growth of the company.
-TESLA beat its earnings and green energy vehicles are growing rapidly. If NKLA is successful at NKLA world and show a working Badger, they might be able to piggyback on the success of TESLA. Also watched a video on Astroid Mining and talked about how hydrofuel cells are a need for future space travel. Again very long term.
-According to recent data from Fintel, a free and paid site you can look up info on stocks and companies along with hedge funds, show institutional ownership is growing with less selling on their part going on.
-JPMorgan relased their price target of about 44-45 dollars, yet don't see any support their besides a bounce after the first crash too that level.
-Warrants expire next month as well. This will bring in more shares, yet with the shares already avabile this will have a small impact, yet looking at the price it might be psychological fear.
TA
-Like this week, that $27-$28 mark is our 70% correction zone and we are almost at it. What to expect? Likely to break below it and have a strong bounce back, yet do we sell the bounce back?
-Volume would need to pickup and help the VPVR level show there's trading action, yet as you can see the volume spikes and it dies off showing no signs of a reversal in the price anytime soon
-MACD is still uncertain what it wants to do. At eod it shows potential upside, yet the downward selling isn't helping.
-RSI is oversold, yet now I guess we are trying to do price discovery. Daily still shows more downside since RSI on that is oversold, yet is only at 36 with 50 being the middle ground.
-EMA is overextended and would need some good sideways movement to fix it.
-Now with the 27-28 being the zone of 70% correction I also put two more "support" lines under it where I saw sideways movements in the past. If you still want to wait you can look for an entry around 20.61 or 13.95, so buy zone is 28-13.95. After 13.95 gl
Final thoughts
If trevor is just gonna market buy, then he's an idiot. I would hire a professional to buy for me or set limit buys at certain areas. Again my current trade is down, yet holding till december is my plan. I don't plan atm to buy anytime soon and the only confidence the bulls have is that institutions are buying and this is like early days in TESLA, where everyone hates on you until something unexpected happen. Do I think NKLA is gonna be successful? IDK, but Elon did say with current automotive companies there's no competition. Can NKLA fill that gap? You also got a company called fisker, yet I would stay away since they already went bankrupt once and they are the same with NKLA and only have a concept idea, yet in its recent youtube videos and instagram videos, NKLA has shown off its Semi driving around and have famous people to show it off to. Other EV companies that are already established is NIO, really popular, and also one my fav since they partnered up with a crypto called VET, BYD. Those two are chinese, so might not find the same gains compared to TESLA.
TSLA: Will The Structure Sustain?TSLA
I made an argument earlier this week that since the last 'golden cross' in late March, TSLA stock price always bounced off of the 200 MA level in an hourly time frame. "When is the next bounce?", I asked. I believe we are at that point now.
The question now is that if the current market condition will allow for this structure to sustain. Let's hope the structure sustains and we get to see a bounce up today.
Good luck and happy trading!!
TESLA earningsWe know covid is taking hit on companies, yet TESLA is a beast like no other. I'm not bearish nor have any position on this and would just like to give a heads up on levels to watch for on a pull back with earnings. Looking at the order book the past few days I've notice that the only buys and sells were from small investors and the 100 share buys are nowhere this week.
News
-Tesla is expanding heavily in ASIA and looking to open a factory in Texas, which is rumor after the recent California news on lockdowns of Tesla's factory.
-There is a growing demand and they are the only ones that are exceeding in the green energy automotive sector.
TA
Not gonna give you a bull case because I have no clue, yet a famous investing group ARK said bear case is 1.5k to 7k and someone also said their max was 25k. I'm just gonna let you know supports and if TESLA is a bubble where to expect to buy.
-Supports where TESLA went sideways before its run ups were at 1354.74, 989.16, and 824.83
-If you believe in TESLA its best to take some profits without selling all your position
-If this was a bubble a 70% correction takes TESLA all the way too 529.89.
-MACD is showing bearish action
-RSI is a little overbought, but could move higher
-volume is dropping, yet can be seen in the live trade orders
Bubble
Signs of a bubble can be seen since its last earnings that grew attention that took from its $200 price to $900.
First is early birds before the first $900.
Than the first sell off
Than just sideways than it grows momentum
Than talks start going around
Media jumping on board
Institution FOMO
and Boom
Not saying its gonna pop anytime soon since TESLA is focus on expanding and could grow more long term, yet short term be wary of what could happen. I believe in TESLA spaceX program with going to mars and I'm not too worried about missing out since you can make money anywhere, yet with Ark giving a price target of another 7x and even 25x you might want to take some profits before eod. Again good luck to all the holders and long TESLA longterm but wary short term.
NKLA a buy or a Wait?NKLA has entered close to a buble correction with it hitting 60% correction with $28 being a 70% correction from the high. I personally bought a portion from my portfolio for a speculative play with NKLA world coming up and earnings coming very soon.
News
-Trevor is more active on social media defending NKLA, yet isn't as comical as Elon
-NKLA with Trevor has been posting more on NKLA's semi, yet we still haven't seen sneek peeks of the Badger just yet
-Preorders of the badger came out, yet no numbers have been publish, to me I'm waiting for earnings to see if they discuss them and orders on the semis
-on July 1st the PIPE and aquastion were able to sell and we saw the a massive sell off. Take this with a grain a salt since alot of bulls say there's no proof they sold, yet we havn't seen them buy/hold either. Only thing we have seen is volume picking up after that day that is comparable to the first run up to its ath.
-To recap current NKLA news I do recommend watching "Financial Education" since he has pretty good summary of current news that is unbiased and raises questions that common investors like you and me have.
TA
-Volume is still massive since NKLA last earning report and at current price if the uptrend continues a price target of $106.35 is something to watch out for if it produces the same % return.
-Major resistance between the old trading zones of 59.90-69.94, which you can speculate at current levels did with caplation after the PIPE and Warrants were available to be sold on the market.
-RSI is beyond oversold on the Hourly and the daily its oversold sold by 14.
-MACD is playing around atm showing uncertainty what the investors want. With past experience it could mean more downside unless there's positive news that comes out.
-EMA are bearish with the gap widening with a possibility of a quick trade for a short squeeze.
-Levels I'm looking at is the 70% correction zone 27.88-37.29 to find a new support base and have the volatility slow down.
-Current VPVR levels show we are under high volume interest which reflects the oversold RSI showing a move to the upside is very possible in the short term
Final thoughts
I think in the short term we could see upside, yet don't be surprise seeing a sub 30 NKLA. I'm buying for speculation on earnings report and NKLA world in december and think its a great time to get in a small postion until you see confirmation and positive news before going all in on the speculative play.
NIO UPDATE STILL LOOKING GOOD.as noted on my last post I grab some share at 13 my first middle "golden zone" when it drop down to 10ish I loaded some more.
and if it drop down to 7 best believe I'm load even more. WHY?!?!?!?!?!?! well read below.
I still firmly believe in this company as a whole. especially when you add the pollutions problem in china, plus the ccp dump close to 1 billion dollar to back the company. a lot of time more often then not the government wouldn't want to let a company fail when they put 1 billion TAX PAYER MONEY as subsidiary. then add on populationssssss of people in china it dwarf the rest of the world. people also been thinking a lot "GREENER" not just in china but as a whole world. EV BEEN ON THE RISE by 50%more in china then the rest of the world. oh and add on the fact that people tend to support product made in their own country witch leads back to the amount of sell that would boom just in china alone due to how many peoples their is in china. they just did 50000th car not too long a go that's pretty good considering the car company is still in its infancy stages
also a side note this company also focus on tech that they make and sublease to other company so its not just a car company so don't forget that.
I can go on but I think you get the point.
the down side
sure the company balance sheet isn't as "PURRRFECT" as a lot of investors would like it to be. still its been showing a lot of growth over the pass year as a company.
just look at how long Tesla took to turn profit in the beginning Tesla was trading at 20ish for quite a few years then pop pop pop pop pop to new higher high
so what if you got in at a high price is still noting when looking at the big picture of how thing will turn out in the future.
potential. 10-100x return in 1-5 years. well worth the investment in my eyes for a growth stock. NYSE:NIO
FVAC (FVAC.WS) - Could Be The Biggest SPAC play of 2020 >$TSLAThis will be brief since this ground zero and this #SPAC was just announced No technical Analysis since chart is so fresh and I just wanted to get this out before it starts going crazy
I will address a few reasons why I think this will be the biggest #SPAC of 2020 and 2-5 X bigger then my $VTIQ (NKLA) call which went 10 X
1. Rare Earth Minerals - needed by all the major #EV companies MP Materials supplies materials essential to electric vehicles
makers like $TSLA $SPAQ $NKLA etc, wind turbines, defense systems and many other advanced technologies
2. With Geo political tensions on the rise with #China MP Materials (FVAC) is the only rare earth supplier in the USA .. HELLO $TSLA . If China had a embargo $TSLA and other companies would have to rely on FVAC for all rare earth minerals
3. Chamaths latest SPAC acquisition and everyone and their brother wants to be invested with Chamaths , he brings a strong investor base to companies and has a track record of success In addition supported by Omega Family
4 Combined company to have an estimated post-transaction equity value of approximately $1.5 billion with over $500 million in net cash1 to fund growth strategy - A well funded company able to execute and take advantage
I could go on and on so just going to post some links that will help you on your own DD but it could be as simple as this
$TSLA $NKLA $SPAQ $NIO $SHLL $KNDI They all need 1 thing ... "Rare Earth Minerals"
$FVAC.WS $FVAC is the only US company capable of breaking the #Chinese monopoly on them
$FVAC.WS Is going to even bigger then my 10 x call on $NKLA
The Battle of Why Rare Earths Are So Important
www.youtube.com
MP Materials, a Leading Producer of Rare Earth Materials, to Be Listed on NYSE Through Merger with Fortress Value Acquisition Corp
ca.finance.yahoo.com
Tesla Analysis, If History Repeats Itself...Leave a like below if this is helpful!
Just to keep things simple...
Price action is currently sitting around the 0.618 Fibonacci level.
Should price action bounce to the upside from there, we could see price action come up to around the $1700's before Tesla comes down crashing.
⬇Got a Forex pair or Stock you want me to analyze? Let me know down in the comments below!⬇
ML: $2.10 CAD Target by End of OctoberFor those of you who are interested in the lithium surge and want to see a stock that I am quite interested in, I am looking at ML at the Toronto Stock Exchange as having potential for nice and sturdy growth. Right now, I think the bullish run should continue and if I were you, I would likely see how this may end up playing out as a long hold. Ofcourse, you can also mitigate risks by shortening and rebuying, but overall between now and the next upcoming quarter, I expect positive growth correlations. As always, proceed with caution. Invest at your own risk. Everything I say is on an opinion basis as always.
GE is my blue chip for the decade and here's why...This is NOT investing or financial advice. It's my opinion but a damn good one. Cheers.
GE isn't going anywhere. It's here to stay so let's just end any of that nonsense.
COVID IS GOING AWAY. A VACCINE WILL COME. PEOPLE WILL FLY!
Anyways,
Anyone watching what $tsla is doing? Insane? Yup!
Electric cars are the future. I mean it only makes sense that we move from gas to electric. Right?
Exactly. You see where I am headed with this... GE.
Check out this article:
Electric cars, of course, would help GE's bottom line. The company sells the WattStation charging station, but also transformers, smart grid equipment, sodium sulfur batteries and all those other components that will be required to beef up the grid for electric drive.
www.greentechmedia.com
History says this is the bottom and over the next few years this has the potential to double. I mean it could overnight when a vaccine in delivered.
Either way... this is my retirement plan. GL. Cheers!
With the recent EV stock craze. Long over 22.70 $NKLA $NIO $TSLAhot sector and under 20 mil free float!
Nikola Bullish Outlook 📈
Nikola is looking to retest it's IPO 4H previous support line (Dating back to 20 May, 2020)
On successful support (upward bounce from about 50.30), a bullish outlook is expected for Nikola's future.
CBAT EV PLAY "CBAK Energy Technology, Inc. engages in the development, manufacture, and sale. of lithium ion rechargeable batteries. It offers aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell, and high-power lithium battery cell. Its products are used for electronic vehicles; light electric vehicles ; and electric tools, energy storage, uninterruptible power supply, and other high power applications. The company was founded in August 2001 and is headquartered in Dalian, China."
Recent PR
11:22 AM EDT, 06/29/2020 (MT Newswires) -- CBAK Energy Technology ( CBAT ) , an electric energy solutions specialist, said its China BAK Asia Holdings signed a framework investment agreement with Jiangsu Gaochun Economic Development Zone Development Group for potential lithium battery projects.
Through the deal, the CBAK unit aims to develop certain lithium battery projects with a capacity of 8 gigawatt hours, with Jiangsu Gaochun to provide various forms of support to facilitate the the projects' development and operation. No financial terms were disclosed.
Price: 0.84, Change: +0.10, Percent Change: +13.51
In at .81 looking for break of .9
PT1 1.02
PT2 1.18
PT3 1.88
NIO/TSLA comboupdate. I sold everything and am waiting to reposition lower for some profit and continuation of position. feel free to post your comments and share your oppinions. pls keep it clean and safe
SOLO, Fibs, Where Do We Go?The SOLO IR news, imo didn't have much to do with this. There's already a following and unless they were looking for true institutional investors, the retail momo is definitely alive and well. They just raised $20 mil so is there dilution risk? maybe. But after the drop did the market price in some things? Good question. I think the EV juices are flowing thanks to NKLA and the potential IPO of Lucid.. not to be confused with This (former) Lucid . Gonna come down to execution now.
"The company announced that it narrowed its list to for its new U.S. home to Arizona, Colorado, Florida, North Carolina, and Tennessee. Following this, ElectraMeccanica announced the accelerated expansion of its retail footprint for its flagship SOLO EV with new locations planned for Arizona and Oregon. It’s also worth mentioning that the company was also able to raise some $20 million to help efforts."
Quote Source & Info: Can You Make Money With Penny Stocks? 3 Up Big In June
NIO next stops $9.10 and $12-$13 for the year! With only $8B valuation at current levels and the EV car market rising, this is the stock with funny potential.
$NIO brokeoutNIO broke out the buying point yesterday and hit the resistance of $5.65. TP1 and TP are shown on the chart
12 months Consensus Price Target: $3.74
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
TESLA $TSLA is rising upTSLA is rising but RSI is stil weak. Technic doesn't support price rising. The trend will be directed up to EPS result.
