$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!
EV
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.
NIO Wedge Breakout ContinuesNIO continues to move higher after breaking out of of the falling wedge pattern and topping the 200-day moving average, currently up a little over 10% today and +20% from my entry of $10.77 on 7/13.
The current price candle is yellow which indicates extreme bullish momentum behind price; yellow candles tend to indicate that price is becoming overbought and approaching a short-term top. With this push higher I've moved my stop-loss up to $11.71, just below the yesterdays yellow daily candle and into profit so the trade is guaranteed to pay out now if price reverses. For those with a lower entry price than mine and can afford some volatility and still remain in the green, stop-loss 2 is recommended as that was the the last higher low(HL) made in price before NIO made a new local higher high(HH). As price makes new higher highs on a chart I move my stop-loss to just below the most recent higher low as those are the last levels of support by buyers. If those higher lows are violated to the downside it likely means that sellers are in control of price going forward. Stair steps up: move your stop-loss to just below the last step price was on before it progressed to the next higher step.
My strategy with yellow candles is to move my stop loss to just below each yellow candle as price moves higher since price tends to continue to drift lower once the bottom of a yellow candle is breached on a pullback, reference previous yellow candles on the chart for historic moves after yellow candles form. For now I'm using yesterdays yellow candle as my stop-loss level since todays yellow candle is still live. Once the market closes today I will move my stop-loss to just below todays yellow candle.
The PPO is still showing positive short-term momentum with the green PPO line rising above the purple signal line. Both lines being above the 0 level indicate intermediate to long-term positive momentum.
The TDI indicator shows the green RSI line above the 60 level which indicates a short-term bullish trend. The green RSI line is trending between the 40-80 level which indicates an intermediate to long-term bullish trend. The RSI line is approaching the 80 level though which indicates short-term overbought conditions; price tends to reverse after the 80 level is tagged in the RSI. The RSI is also above the upper white Bollinger Band which also is a sign of extreme bullish momentum and tend to indicate a pullback in price is likely once the RSI moves back below the upper BBand. However, you generally want to stay long as long as the RSI remains above the upper band, and stay short when the RSI is below the lower BBand.
The TDI indicator is the one that is painting my price candles and giving me the yellow overbought conditions. Candles turn yellow when the green RSI line is above the upper Bband. You can find my TDI indicator here and add it to your own chart template:
Tesla 2019 Vs 2023 Breakout Comparison Tesla 2019 Vs 2023
- Repeat Megaphone pattern?
- Repeat Megaphone breakout?
- Repeat 10% pull back before major move?
If we confidently break through and close above resistance or get a 10% pull back, it could be worth putting in place a position with a stop under resistance or a tighter stop if its the 10% pull back scenario.
We could still revisit the 200 Daily SMA... and we need to be aware of that. That's why you have a stop because the 200 DSMA is idyllic but given the similarities of this pattern, it could play out and it might be worth taking a position SUBJECT TO having a tight stop under the resistance level (once we break above it) or having a tight stop under the 10% decline entry.
It will be interesting to see how this chart plays out. It could hardly be as exponential as 2019? but it could be a nice move.
PUKA
Possibility TSLA rally lasts till Q2 TSLA has returned well over 100% since it 'bottomed' this year, however I don't think this is the real bottom.
Having the cheek to say it here but we will most likely dump when we reach resistance @gap fill $260.
Mixed with macro and slowing economic growth I can't see it reaching $300 this year unfortunately, $280 maximum IMO.
I have taken a small short position and looking to close out when we hit the 50EMA, then I think NASDAQ:TSLA will resume uptrend towards $237-240 if it breaks resistance it will gap up but that will be short lived. Look to enter TSLQ or the short x3 leveraged ETF if it rejects the $260 zone.
Timeframe : 1-3 months lasting from end of Q1 into Q2.
From Q2-Q3 it will be sidewards with a pickup in Q1 2024.
My predictions are in... Best of luck traders!
RR ratio : 6.72
$SUNW breakout from the descending triangleNASDAQ:SUNW breakout from the descending triangle🔥
All possible targets are in the chart 📈
Copper Conundrum: Diverging Indicators Point to More DownsideThe last time we looked at copper was last October, and the trade played out nicely in our favor. Much has happened since then and we think another opportunity lies on the horizon now.
Revisiting the same analysis now we observe the following…
China, being the largest copper buyer, its currency pair CNHUSD traditionally shares a high correlation with copper. However, a divergence has emerged since May 2023.
Moreover, copper's wide usage in manufacturing - from batteries to appliances and industrial machinery - makes China's import and export figures a good indicator of global economic health. These figures currently paint a gloomy picture, with YOY Exports & Imports pointing lower. Again, we notice a divergence between copper prices and these economic numbers.
The Gold/Copper ratio, usually confined within a certain range, has recently tried to break higher. Despite facing resistance, the movement may still have momentum. Previous breaks upward have proven to be quite rapid. One way this could play out is if copper trades lower, the Gold/Copper ratio tends to trend higher.
From a price action perspective, copper seems to be breaking out from a seven-month bull flag, inching towards the 4.00 price level. However, the significant resistance at 4.00 casts doubts on the breakout's success.
Further fuelling this doubt is the emergence of a Simple Moving Average (SMA) death cross on the daily timeframe.
On a shorter timeframe, the Relative Strength Index (RSI) suggests slight overselling, while the overall price structure is encapsulated in a symmetrical triangle.
Summing up, we foresee short-term downside for copper due to diverging macro factors from copper’s price and a downward trend in the dollar. Moreover, price action suggests overbought levels and looming resistance. CME has the Full-sized Copper Contract or the Micro Copper Futures which we can use to express this view, taking a short position at the current level of 3.904, stop loss at 4.10 and take profit at 3.55 the next level of support and subsequently 3.30 if the symmetrical triangle breakout happens. Each $0.0005 price move in copper per pound is equal to $1.25 for the micro copper futures and $12.50 for the full-sized copper futures.
The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Reference:
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CESC is ready to breakout channel patternNSE:CESC is ready to break channel pattern in upside.
Technically volume levels are good as up move is with high volume and down move is with less volume.
Financials too looks good.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .