TESLA Buy opportunity in disguise?Tesla (TSLA) had a massive opening drop yesterday and almost hit the 1D MA200 (orange trend-line) for the first time since May 31. With the 1D RSI oversold at 30.00 and Support 1 (212.50) formed by the August 18 Low just below, this sell-off may be a buy opportunity in disguise. If it holds, then the dominant medium-term pattern will emerge as a Descending Triangle and our target will be the Lower Highs of July 19 at 255.00 (just below the 0.786 Fibonacci retracement level, similar to the September 15 Lower High).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
EV
GM - BULLISH SCENARIO General Motors (GM) made a counteroffer to the United Auto Workers (UAW) to resolve a three-week strike. UAW President Shawn Fain plans an update on talks with Detroit's automakers. The strike, including Ford and Stellantis, began on Sept. 15. GM's counteroffer is its sixth, but "significant gaps remain." Negotiations with Ford show progress on pay increases. Talks with Stellantis have been active. Ford offered a more than 20% wage increase over the contract's life. Other issues, like union representation at battery plants, remain unresolved. GM secured a $6 billion credit line due to the strike's estimated $200 million cost. UAW members at Mack Trucks will receive a 19% pay hike over five years in a tentative agreement.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PSNY Polestar Forecast: 2nd Quarter 2023 Results & DevelopmentsPSNY Stock Forecast: Second Quarter 2023 Results and Recent Developments
Delivered 27,841 vehicles by June, aiming for 60–70k deliveries in 2023: Polestar delivered nearly 28,000 vehicles by June and has ambitious plans to deliver between 60,000 to 70,000 vehicles in the entire year of 2023.
Q2 saw 15,765 vehicle deliveries, a 36% YoY increase: In the second quarter (Q2), Polestar delivered 15,765 vehicles, which is 36% more than what they delivered during the same period the previous year, indicating growth.
Established a strategic joint venture with tech company Xingji Meizu Group: Polestar formed a significant partnership with Xingji Meizu Group, a technology company, to collaborate on their electric vehicle (EV) initiatives.
Focused on expanding in the Chinese EV market: Polestar is actively working to grow its presence in the Chinese market for electric vehicles (EVs) and is taking steps to strengthen its offerings there.
Upgraded Polestar 2 deliveries, achieving a production milestone of 150,000: Polestar improved its Polestar 2 model and has successfully produced 150,000 of these vehicles.
Enhanced Polestar 2 with better software, extended range (up to 650 km), and faster charging (up to 205 KW): The Polestar 2 received upgrades including improved software, a longer driving range of up to 650 kilometers, and faster charging capabilities up to 205 kilowatts.
Adopted the North American Charging Standard for new vehicles in North America starting in 2025: Starting in 2025, all new Polestar vehicles sold in North America will come equipped with charging ports that adhere to the North American Charging Standard.
Achieved $1.2 billion in revenue in the first half of 2023, driven by strong Polestar 2 sales: Polestar earned $1.2 billion in revenue during the first half of 2023, with a significant contribution coming from the successful sales of their Polestar 2 model.
Introduced Polestar 3 and Polestar 5 at Goodwood Festival of Speed with impressive power outputs: At the Goodwood Festival of Speed, Polestar unveiled the Polestar 3 and Polestar 5 models, both of which have powerful engines.
Reduced carbon footprint by 3 tons per car since the start of Polestar 2 deliveries in 2020: Polestar has made significant environmental progress by reducing the carbon emissions associated with the production of each Polestar 2 car by 3 tons since they began delivering these vehicles in 2020.
Collaborating with Mobileye on autonomous driving technology for Polestar 4: Polestar is working in partnership with Mobileye to incorporate autonomous driving technology into their upcoming Polestar 4 model.
Anticipate initial Polestar 4 deliveries in China before the end of 2023: Polestar expects to start delivering the Polestar 4 in China by the conclusion of 2023.
VFS VinFast $0.40 Price Target after the Pump and Dump schemeShares of VFS VinFast experienced a significant surge as they made their debut on the Nasdaq stock exchange following their merger with the special purpose acquisition company (SPAC) known as Black Spade.
Given that a substantial 99% of the company is under the control of VinFast's founder, Pham Nhat Vuong, the limited availability of the stock renders it susceptible to increased fluctuations in its value.
This situation draws a parallel with other EV SPAC deals, such as Lucid, which served as the foundation for Black Spade's initial valuation of VinFast at $23 billion. Subsequently, Lucid's shares have witnessed a decline post-listing, now being valued at less than $15 billion, representing a nearly 40% reduction compared to its $24 billion SPAC valuation in 2021.
VinFast's pursuit of additional capital poses a potential challenge to its lofty valuation.
CFO David Mansfield revealed that the company is engaged in discussions with various investors, including sovereign wealth funds, with the intention of securing additional funding within the next 18 months.
In May, Founder Vuong had expressed the possibility of VinFast selling 50,000 EVs in the current year. As of the first seven months, the company has successfully sold over 16,000 units, inclusive of sales within Vietnam.
Notably, this figure encompasses only 137 units of its VF8 model sold in the United States, which is currently the sole model available in that market.
According to consultancy firm AlixPartners, it is estimated that EV manufacturers need to achieve annual sales of 400,000 vehicles to reach a breakeven point, even in China where most are grappling with financial losses amidst a fierce price competition for market share.
Comparatively, VinFast's EVs are relatively expensive when contrasted with Tesla's offerings. Specifically, the Tesla Model Y is approximately $7,000 more affordable than VinFast's VF8 after accounting for federal subsidies.
Considering the fundamentals, my Price Target for VFS VinFast is $0.40, for a Market Capitalization of around $1 Billion.
Looking forward to read your opinion about it!
$RIVN Getting ready for a HTF move to $15-$16
Global liquidity is trending down
Bearish RSI divergence on AMEX:SPY and NASDAQ:QQQ
NASDAQ:RIVN like practically all EV stocks and Tech stocks are over-extended from MA's
Daily TD 8 Count
$27.16 may have been the HOY. If not, I'm expecting for big money to push price up to $28 before we see a steep pullback or reversal. NASDAQ:RIVN has not tested the daily 50, 100, or 200 in a long time. The daily 9-EMA has been holding every test recently. Will look for break of the daily 9-EMA for confirmation.
I've dabbled in options. Might look for some December puts and short an equity position for intraday moves.
Remember, we want to lose on the idea, not the execution. Make sure to look for entries near levels you can risk against.
Good luck!
Tsla, looks like battery drain... If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Followed green path, but looking like a ZZ up.
Still think the reaction to this 238.40 area could be a good clue. A bounce to another ZZ at the lower degree, would be looking for some further downside.
CHPT ChargePoint Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CHPT ChargePoint Holdings prior to the earnings report this week,
I would consider purchasing the 7.50usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.61.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Long DCFCLong DCFC last few days, average price around $1.00. Pretty heavy. Chart is beautiful.....massive H and S reversal pattern. If Daily closes like this epic hammer candle. Electric vehicle narrative only going to heat up. TP is retirement (just kidding lol). Not advise, good luck.
$TSLA -The Best to Ever Race (Supports) -Taking in to consideration an investor's POV of positioning,
aswell the point of view of Swing Trader who like to keep positions opened.
You should know that NASDAQ:TSLA is not out of the woods yet !
Here the Strong Zones of Supports to provide you with discounted Buys and high probable long opportunity outcomes for Swing Traders
TA speaking;
-First Support push occurred today at the previous High, a key level (dashed white line)
-Support Trendline should play a key role on maintaining the price to proceed
heading lower in to South direction at S/R and 166.7$ marked key level.
These Support are very great Buying Zones for investors and as-well market speculators
so called traders.
Losing these support, would put NASDAQ:TSLA on a huge pressure position despite stock's share
price decline.
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
TSLA - Rising Trend Channel [MID-TERM]🔹Rising trend breaking downwards in medium long term.
🔹Currently testing support at 210, which could potentially signal a POSITIVE reaction, but a downward breakthrough could indicate a NEGATIVE signal.
🔹Low RSI indicate oversold and potential rebound reaction.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
TSLA: Hit Major Resistance Area, Correction is Incoming?Hello Fellow Stock Traders, Here's a Technical Analysis of TSLA!
TSLA has demonstrated noteworthy price development, reaching a significant resistance level and resulting in a price gap. Subsequently, a bearish divergence has emerged, implying the possibility of a trend reversal or downward movement. Moreover, TSLA is presently forming a double-top pattern, which may signal a potential breakout scenario, indicating further downward movement toward the initial target area near the EMA200 Line. Subsequent to this, a probable pullback to the neckline area is expected, followed by a continuation of selling pressure towards the second target area.
Considering these technical factors, the current price action, and the indicators, a negative outlook is projected for TSLA. This suggests a potential downward trajectory in the near term.
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on NASDAQ:TSLA .
TSLA | I Like This Entry Point | LONGTesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
$REE - 3 month bottom base formed, ready for a boom!REE Automotive has formed a base ~4$ for the past 3 months. It has announced partnerships with Magna International, American Axle, Hino, Hitachi, J.B. Poindexter, Mitsubishi, Navya, Maxion, and more. Rumors around a UPS partnership as well. January 5-8 is CES in which they will be displaying their autonomous vehicle named Leopard and their FlatFormer base. It was originally a SPAC valued at 10$ NAV that hit around 16$. The technology and partnerships are becoming hard to ignore. This is not financial advice and is my own opinion. I have a holding in REE.
$REE - 126M in cash, 52M marketcap, no debt - TRIPLE BOTTOM BOOMREE Automotive has been in a downtrend for a while. VERY LOW RSI. Initial vehicles produced and certified by EOY. Massive market with a revolutionary technology. Low total cost of ownership and expected EBITDA positive by 2025. NASDAQ:TSLA , NYSE:F , $GM. This is my own opinion, and you should not take this as financial advice. Own your own trades.
LI Auto Options Ahead of Earnings If you haven`t sold LI when they reduced the delivery outlook:
Or on this Earnings Release:
Then Analyzing the options chain and the chart patterns of LI Auto prior to the earnings report this week,
I would consider purchasing the 20usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $0.60.
I think there is still some upside momentum left, followed by a big selloff by the end of the year.
Looking forward to read your opinion about it.
RIVN Rivian Automotive Options Ahead of EarningsIf you haven`t sold RIVN on the recalls:
Or last time ahead of earnings:
Then Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.92.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
QS QuantumScape Corporation Options Ahead of EarningsIf you haven`t sold QS here:
Then analyzing the options chain and the chart patterns of QS QuantumScape Corporation prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Puts with
an expiration date of 2023-8-4,
for a premium of approximately $1.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CHPT about to take off?Looking at the long falling wedge pattern, CHPT is about to breakout and we could be at the perfect position for a long opportunity.
Surpassing the $10 level could mean a trend reversal and further move to the upside.
This stock is currently oversold, there will be some buying pressure pushing it up in the coming weeks.
Enter now with stop loss at $8.
NIO can correct slightly when hitting the $14 resistanceNIO is on a decent run and will now face some resistance around $14.
Price might correct to $11.90-$12 region, in line with the trend line (dotted) I drafted, if we don't surpass the resistance level with a bull run.
I'm long on NIO. Entered $7.58 and $9.08.