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$RIDE - The wedge continuesHi all, Nothing's changed with Lordstown's position. This post relates not to Lordstown's financials or fundamentals but to chart technicals. In my own data that i follow for all stocks, Lordstown seems to be nothing special and has absolutely nothing going for it. In terms of charting, Lordstown is in a huge bull wedge (which doesn't make sense, i know, but there it is...). The wedge continues. A couple of the previous candle wicks from the last 15 days have extended the wedge's range slightly to a new possible low of $1.6. That or the wedge is about to be broken out of for reasons i'm not sure of. Suddenly all other companies e.g NKLA are considering a reverse split to get them out of a similar position like Lordstown had. Funnilly NKLA is an actual scam with it's president Milton being convicted of fraud and all that, meanwhile our boi Hightower with his wheel motor hubs isn't doing terribly in terms of the hardware/tech and actually has something that doesn't need to be pushed to make it roll on a road like NKLA did. Excessive bearishness on Reddit boards and such are making me bullish on this stock. I'd like to think there's a possibility that RIDE will make it out of the hole. If it does, all these bears are going to have their accounts blasted. I re-iterate that i think that for surprising reasons, this wedge will break out eventually. My investment horizon on RIDE is long term and not meant to be a short term trade. The wheel hub technology in my opinion could actually be very big as long as Ride can make it out of it's hole. The market is moving upwards with no regard to any of the doom and gloom being blasted to us by the financial media. During this time, RIDE has underperformed or as it should be said... shorted. This is a good way to do things if you're a short seller because if the market is eventually bound to correct hard, when it does, market makers and others will take care of shorting all stocks including RIDE for you and the resulting dump will be pretty damn big. Not only would you have managed to make a stock go down (and against the market) but when the market actually dumps and all stocks have to follow, it'll move down with the market for free. The problem arises when the market isn't giving you your all so awaited correction within a certain timeframe. If this happens, the short becomes more expensive to fund. Since RIDE has already been long time favorite short since 2021, i believe that at any time now, any kind of surprise by Lordstown itself can catch plenty of the institutional bears by surprise, but really not as much as the retail bears who have gotten cushy with short selling on Lordstown. If and in my opinion, WHEN Hightower is done with the current Foxconn "situation", some shorts could get blasted out of the water. Persistence/conviction shorting into RIDE's good news will be obvious what everyone will be doing for another 1-2 years after that because shorts just like longs want to avoid the reality of things. Then those shorts will get blasted out of the water taking us higher, the cycle would continue. Again, this all will happen only and only if Hightower & Foxconn happens. Foxconn isn't in a great (but not terrible) place either with Revenues down 11% Y.O.Y due to their TV/Computer screen section. In my opinion diversifying into EV regardless of this issue with revenue would be a good idea just to diversify risk with what exactly happened with Foxconn & Sharp. Hopefully Foxconn's management sees exactly that and will know what to do about it. My position as usual is 1000 x $0.5 calls bought and 1000 x $0.5p sold for 2025 pre-split. Hoping to add more as the price touches sub $2 due to the insistent bears conviction shorting this stock on the status quo. The status quo in my opinion has made everyone too cushy, if it changes as these things sometimes do, that'll be a nice sight.
RLong
by leenixusu
ARVL Penny EV Stock Momentum from EarningsOn the 2H Chart ARVL is always been underneath the Ichimoku cloud. Since earnings this has changed. The earnings were nothing special. ARVL as a startup is still losing cash; it is priced on the potential of the future. ARVL is in the delivery truck and bus segment of the growing EV industry. It does not compete directly with TSLA. On the chart relative strengh also rose over its cloud going from 40 to 70. Notably it crossed above the Ichimoku cloud simultaneously with crossing over the POC line. Traders including myself watch for confluences to support bias and a trend. My feeler call option with 5 DTE trade was taken on Friday is up 228% over the weekend. I will now take ten more but extend the DTE to 6/2 I see this as a typical penny stock high reward high risk. This is like TSLA in its infancy. Also the higher it gets away from delisting risk the more momentum it might have. This compares well and perhaps better than LCID NKLA and PSR because it has a niche focus which protects it from the center of the competition with other EV stocks.
ALong
by AwesomeAvani
5
$RIDE - TA Bullish Wedge, future grim.Lordstown motors is what might be the end of the bullish wedge. There may be a month or two left in it before anything really happens. My research on RIDE is not deep, not great, not bad either. --Fundamentals-- RIDE's hub motors are the main drive (pun) here. Foxconn showed some interest initially and did the deal with them but is not showing up to be a daddy figure when RIDE is struggling with it's delisting notice. They are relying on anyone interested in the company to basically fund them and that's not really happening. Rivian and other new EV companies need RIDE to go under because what RIDE is offering as a product is actually good. That doesn't change the fact that their stock isn't doing good and is likely not to do good in the future... RIDE has asked for votes FOR or AGAINST a reverse split to bring it's price back up to a level where it's compliant with Nasdaq's rules. People on social media are "saying" that they are voting against a reverse split which doesn't make much sense if you're a shareholder which makes me think that getting sentiment from social media may not be correct so i'm not gonna rely on social media sentiment from random comments that don't make sense. --Stock/Options etc-- Nothing special going on other than some strange much larger than usual volumes on the 0.5 Call and Puts. As of today the 0.5c had over 1000 calls in volume which is extremely big for this stock and hasn't really happened in over a year. This is either positive or negative delta for the stock, we'll see... based on the direction of the rest of the market, i think this is someone banking on the stock dropping more. -Technical Analysis-- Nothing much for me to say here other than that this may be the end of the bullish wedge... a breakout from here for unknown reasons would be spectacular. If a pop happens here, (don't know why that would happen), i doubt short sellers will have any trouble eventually suppressing it and causing the price to drop even lower than before. If a breakout here is fundamentals based (acquisition/merger/buyout... something) then RIDE would suddenly become a huge long play. Don't forget they are at risk of delisting and there's basically better stocks out there with less risk. I have a small bet of MYX:HUMEIND on shares at around the $5.1 area give or take a few pennies in case this wedge truly does play out. If it fails and i lose my money i won't be too unhappy because i understand the risk. That's all. Good luck. Hoping this really battered and fundamentally bad but sorta good but sorta not very ok stock might do something based on Technical analysis and options flow. Rivian has earnings very soon and is likely to cause RIDE to drop even more due to being same sector stocks. A drop in Rivian will cause RIDE to also drop so it's maybe prudent to wait for that. Lastly, again, that 1000 contract buy at 0.5c was a bit surprising. I hasn't happened in literally years... this is 1 full buy of 1000 contracts. It's not a lot of notional in money, like $30k, so it might be just someone in retail. Who knows. Play safe (or don't, that's up to you)
RLong
by leenixusu
TSLA Due for a pullback ?TSLA here in on a 30-minute chart. It is in a channel that has as its basis the 42 ( 7x6) EMA with the upper and lower bands the 2.618 Fibonacci extensions of the basis value. Accordingly when hitting the lower band, there is a high probability of reversal to trending up. Conversely, when hitting the upper band, the price is highly probable to reverse into trending down. Here TLSA is actually outside that Fibonacci band and getting closer to the absent 4.33 band TSLA rose more than 5% in the last trading day. Reversion to the mean may apply. The True Strength Index indicator shows a cross about to occur in the supply /resistance zone a confirmation expectant for a reversal. Similarly, the Fisher transform shows the signal and mean lines crossing and inflecting into a negative slope at the top red line. In the immediate term history, TSLA ran up on Thursday 4/27 / Friday 4/28 hit the upper Fibonnaci band and dropped after the weekend. I can see this as repeating Aside from mathematics from the all-important trader psychology side of things, a large # of traders are up on their position having made it through some downward price action and then reaccumulation. It is now time to take full or partial profits and close some positions In the meanwhile, short sellers can see the rise in the last trading session as a pullback in the trend down and time being ripe to add to their position. Other short sellers might liquidate and in doing so hold TSLA's price steady in buying to cover. I can't see the psychology underway. I can however see the indicators and the mathematics that is their foundation. I will take a trade of put options expiring 5/19 at a strike of $175. I will watch for a reversal of the reversal mid to late week and upon seeing it take a partial profit and hold the rest.
NASDAQ:TSLAShort
by AwesomeAvani
TESLA LONG TERM/SHORT TERM TECHNICAL ANALYSIS NASDAQ:TSLA $TSLA: 4 HOUR/BAR CHART ON LEFT SIDE (SHORT TERM) SHOWING SINCE OCTOBER ’22 (LAST 3 MONTHS). 2 DAY/BAR CHART ON RIGHT SIDE (LONG TERM) SHOWING SINCE JANUARY, ‘20 (LAST 3 YEARS). $TSLA is down roughly 58% since the start of October 2022 but is still up 299% percent since the beginning of 2020. Evaluating the short-term trend (left side) against the long term trend (right side) we begin using the EMA Envelope found in the top box on both sides. We can see that $TSLA is still in a bearish (red) trend in our long term chart (upper right box) but has just turned neutral (yellow) on our short term chart (upper left box). EMA Envelope turns bullish above the top red line of the EMA Snake. Respectively the bullish levels on the 4H are above 113.57 and bullish on the 2D is above 147.34. Our 4-hour Fibs (left side) show a full retrace down to the RET 1 (104.22) from our early December peak of around 200 with a 0.5 Retrace at 151.57. Our 2D Fibs (right side) show a more than full retrace down to the RET 1.382 at 109.47 and are currently showing a 0.5 Retrace at 240.43. I believe there is a high possibility that on the 4H chart (left side), $TSLA retraces the RET 0.786 (124.49) in the near term (2-4 weeks) and a low to moderate possibility that $TSLA attempts a retest of the RET 0.5 (151.57) before eventually being rejected. I do not believe a retrace of the RET 0.5 (240.43) on the 2D chart (right side) is currently a viable possibility given the market liquidity constraints and an overall disdain for the discretionary sector heading into recessionary headwinds in 2023. On the downside, a spill to the RET 1.236 (81.87) on the 4H Fibs (left side) is very possible in a broad market selloff. Breaking out the left side of the chart, which is the shorter time frame (4H), we can see white arrows beginning in the price box and moving down into each of the indicator boxes below. We see the white arrow line in the price box is trending down while the white arrow lines in MACD, RSI and OBV indicator boxes are trending up. Price declining into rising relative strength (RSI) and positive increases in volume flow (OBV) can be indicative of market price absorption at these levels. At a minimum it can be viewed as evidence of ‘diminishing sell pressure’. On the right side of the chart we see that RSI is showing its deepest levels of oversold in the last 3 years and we have to go back to 2016 (7 years) to find a deeper level of oversold on the RSI. (see below) We can also see the MACD indicator on the right side is still showing wide downside divergence at the mouth, indicating that price has alot of upside work to do in order to close that gap and move the long term trend into positive territory. While the woodshedding of Tesla might not be completely over yet, it seems as though it might have found a near-term 'local bottom' along with a bit of price stability as evidenced by the 'market absorption' illustrated on the 4H chart. Assuming this support holds, Tesla could be poised to make a move up to the 122-128 price range. (Not financial advice)
NASDAQ:TSLALong
by Firewalker_Charts
Legrand (LR.pa) bullish scenario:The technical figure Channel Down can be found in the daily chart in the French company Legrand (LR.pa). Legrand is a French industrial group. Legrand is established in 90 countries and its products are distributed in nearly 180. It generates 85% of its sales internationally. The group has expanded its product range in sustainable development and energy saving technologies, and has developed new products for EV charging/electric vehicles, lighting control and datacenters. The Channel Down broke through the resistance line on 19/04/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 6 days towards 87.50 EUR. According to experts, your stop-loss order should be placed at 78.44 EUR if you decide to enter this position. 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 and cannot be held liable nor guarantee any profits or losses.
EURONEXT:LRLong
by legacyFXofficial
$TSLA Daily swing trader order$TSLA Daily swing trader order Sell order for the day: 223.72 Buy order for the day: 161.44 ———— So this is by far one of the most effective strategies that I’ve traded ever. I used to have a very similar version and some of you may remember it from a few years back… but this just requires one buy order and one sell order every day after close… and as the market dips you’re buying and as it’s rallying you’re selling into the rally…. You don’t have to think of anything else…. Its super simple… in a way it’s a very passive swing trade strategy where you’re always buying the dip and always selling on the way up… I am not your financial advisor and feel free to follow along to see how it plays out and jump in any time. I’m tracking only a few of my positions on here and I want to see the success rate after 3 months. I know it works really well already but I want to be able to break it down and see it visually…. I’m visual like that… lol Also not that there aren’t supposed to fill same day… I have each order set to GTD, and the date is 8 weeks out…. So it just needs to fill within 8 weeks…. It is a completely market neutral strategy so lets see how it weathers and drops and rallies that might be looming in this weird market…
NASDAQ:TSLA
by SPYder_QQQueen_Trading
2
REMX Rare Metals ETFOn the 4H chart the price is rising above support and the recent bottom. On the MACD indicator, the lines have risen above the zero line and over the positive histogram. The moving average "Williams Alligator" combination shows divergence with the short period MA rising the fastest. On the volume indicator, high solid relative volume occurred as the price reached support and has been more or less increased compared with the moving mean ever since. The volume profile showed the highest volume at the support level and price has now crossed above and out of the high volume area. Fundamentally, rare earth metals are a necessary component to lithium batteries for EVs and everything else. China has a large number of rare earth mines and can manipulate the global markets in these minerals. I see this as an investment play until there are signs the uptrend has ended. I will take call option of $81 for the the 5/19 expiration and close early if REMX makes reversal signals. In the gold rush of 1849, those who made the most money were the sellers of shovels and picks. I believe there are parallels here with regard to EVs, and lithium and rare metals may yield great profits and the same for EV charging stations and battery technology. Eton Musk is looking to buy a lithium mine and put a processing plant in Austin TX. Seems among other things, he is a bit visionary with regard to lithium and money. see also the link below
AMEX:REMXLong
by AwesomeAvani
When Chips Are Down, They Rebound Slowly But StronglyWhen Chips are down; invest if you can and hedge if you must. Having soared in 2020 & 2021, semiconductor shares tanked brutally as tremors from geopolitics, sinking consumer confidence and bloated inventory struck. Q4 overhang is dragging the industry down in the near term, which might have set a bearish outlook in the short-term, but times are changing. Structural forces and business cyclicality are now becoming robust tail winds for semiconductors, bringing a bullish outlook in the medium-to-long term for the sector. Therefore, this case study argues that an asynchronous time spread in CME E-Mini PHLX Semiconductor Sector Futures ("CME Semiconductor Futures") could potentially deliver a 2.8x reward to risk ratio by first taking a short position in futures expiring in March 2023 followed by a path-dependant long position in futures expiring in September 2023. INDUSTRY ON THE CUSP OF A SUPERCYCLE Chips everywhere. Semiconductors are ubiquitous as products become sophisticated. Rapid growth of mobile devices, emergence of EVs, and rising cloud adoption have created endless demand for higher processing speeds and larger memory. Chipmakers have benefited from this trend. Anticipated exponential growth in consumer durables, IoT, gaming, EVs, and AI/ML will translate into strong sustained demand for chips. Speaking at World Economic Forum, Microsoft CEO Satya Nadella asserted that AI would go mainstream not in years but in months. Emergence of generative AI will form a fresh stream of demand for chips. EVs require twice as much chip content than traditional ones. Rising cloud usage will amplify demand from datacentres for graphics processing units (GPUs). In short, semiconductor industry is on the cusp of a demand super cycle. DEMYSTIFYING THE SEMICONDUCTOR INDEX The Philadelphia Semiconductor Index ("SOX") is a market capitalization-weighted index comprising of the top thirty (30) semiconductor firms listed in the US. Top names include Nvidia, TSMC, and ASML forming 48% of SOX. The top ten comprise 80% of the SOX. SOX rallied 202% from its low in March 2020 to its high in November 2021. As monetary policy shifted from QE to QT, SOX plunged 46% in 2022 touching its lowest level in October 2022. Since then, it has bounced back 43%, outperforming both NASDAQ-100 and S&P 500 which are up merely 10% during the same period. A CYCLICAL INDUSTRY Semiconductors industry is inherently cyclical given the considerable time lapse between spotting fresh demand and matching them with new supply. In a recent report, JP Morgan cited that semiconductor stocks are close to a cyclical bottom. Each time the industry hits a bottom, it recovers impressively. In one-year and three-years following a cyclical dip, shares in this sector spike 40% and 95% on average, respectively. While short term demand looks bleak on waning consumer confidence, the USD 600-billion industry's long-term prospect looks resolutely bright. LET THE AI WARS BEGIN Revolutionary AI: ChatGPT made its debut in November. It sprinted to a million users in just five days. The excitement in generative AI is palpable. It will revolutionise content generation while delivering vast productivity gains in others. Inflection ahead: AI is approaching an inflection point. Its usage is going mainstream. Expect tech giants to invest heavily to outcompete. If this marks the start of AI wars, the semiconductor firms that make AI work will harvest outsized profits. Shovel makers hit jackpot: During the gold rush, it was the shovel makers that got rich more so than the diggers. In this AI gold rush, the shovel makers (i.e., the semiconductor stocks) are set to reap enormous gains. Nvidia already shining: Nvidia is the market leader in GPUs whose parallel processing capabilities form the core for delivering AI. ChatGPT adoption alone could bring incremental revenues of up to USD 11 billion over the next year, Citigroup estimates. TSMC & ASML well positioned: Nvidia GPU production depends on two firms - (a) the Taiwan Semiconductor Manufacturing Corporation (TSMC), and (b) ASML Holdings (ASML). Berkshire stake in TSMC: TSMC recently announced stunning Q4 earnings. Its net sales grew 42.8% YoY, while its net profits & EPS were up 78% YoY contributing to an ROE of 26.4%. Little wonder that TSMC was one of Warren Buffett's recent investments where his firm acquired USD four billion of TSMC shares last November. ASML dominance: Meanwhile ASML commands a monopoly on key tech (Extreme Ultraviolet Lithography or EUV). EUV is used in producing cutting-edge nano chips that AI requires. ASML is set to secure a windfall on rising AI adoption. CHIPS ACT TO RESHORE PRODUCTION Supply chain disruptions caused by the pandemic exposed the vulnerability of over-reliance on globalisation. Russia-Ukraine conflict caused adverse impact with Russia being a major supplier of Palladium and Ukraine being a key source of Neon gas. To reduce over-reliance in a key industry, US last year legislated the CHIPS Act which is aimed at reshoring production on US soil supported by more than USD 150 billion of grants and tax incentives. NO PAIN, NO GAIN IN A V-SHAPED PATH AHEAD Supply ramped-up but a little too late: Clogged supply chains plus demand spike during the pandemic fuelled chip shortage. Ramped up production which always takes a long lead time arrived but at a time of pale consumer demand (PC demand down 28% YoY) late last year. Frail consumer sentiment: Persistent inflation, recession fears, and uncertain outlook, meant lower consumer durable sales. This has slashed demand for semiconductors resulting in one of the largest inventory corrections in the industry. The sector is cooling faster and getting colder than expected. Firms face a tough market saddled with excess inventory compounded by frail end-markets except for automotives. Downgraded chips: Intel reported a loss for Q4 last year and expects a weak first half this year with return to growth in second half. Earnings from other industry majors point to significant headwinds. Analysts have downgraded several chip stocks. Fund flows in ETFs: Fund flows into and out of leveraged ETFs this year show investor activity is moving in tandem with these macro shifts. The Direxion Daily Semiconductor Bull 3x ETF (3 times long exposure to SOX) suffered net outflows of $341 million while the Direxion Daily Semiconductor Bear 3x ETF (3 times short exposure to SOX) gained net inflows of $1.1 billion. Insiders are Net Sellers: Insider Activity among majors show that they have been net sellers over the last three months except for Qualcomm, Intel and Applied Materials. Bullish Price Targets: In sharp contrast to this gloomy outlook, analysts covering the top stocks anticipate an average +15% price gain over the next 12-months. TRADE SET-UP This case study proposes a two-legged calendar spread as set out below. Each CME Semiconductor Futures contract provides exposure to twenty-five (25) index points approximating to USD 75,000 in notional with required margin of USD 5,900. TRADE LEG 1 : A short position in the contract expiring in March 2023 will provide exposure to the short-term correction. Entry: 2978 Target: 2571 Stop Loss: 3180 Profit At Target: $10,175 Loss At Stop: $5,050 TRADE LEG 2 : A long position in CME Semiconductor Futures expiring in September 2023 will provide exposure to recovery in the latter part of the year. Entry: 2710 Target: 3718 Stop Loss: 2410 Profit At Target: $25,200 Loss At Stop: $7,500 Aggregate Reward-Risk Ratio: 2.8x MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. 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 Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. This material has been published for general education and circulation only. It does not offer or solicit to buy or sell and does not address specific investment or risk management objectives, financial situation, or needs of any person. Advice should be sought from a financial advisor regarding the suitability of any investment or risk management product before investing or adopting any investment or hedging strategies. Past performance is not indicative of future performance. All examples used in this workshop are hypothetical and are used for explanation purposes only. Contents in this material is not investment advice and/or may or may not be the results of actual market experience. Mint Finance does not endorse or shall not be liable for the content of information provided by third parties. Use of and/or reliance on such information is entirely at the reader’s own risk. These materials are not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Mint Finance to any registration or licensing requirement.
TVC:SOXLong
by mintdotfinance
2
Rare Tesla Chart Just AppearedA rare perfect fractal chart of Tesla just appeared. In this video, I explain that while it may be bullish in the short term, the long-term chart looks quite ominous. Link to my TradingView post on Advanced Bull Flag Concepts: Important Disclaimer Nothing in this post should be considered financial advice. Trading and investing always involve risks and one should carefully review all such risks before making a trade or investment decision. Do not buy or sell any security based on anything in this post. Please consult with a financial advisor before making any financial decisions. This post is for educational purposes only.
NASDAQ:TSLA
by SpyMasterTrades
17
TSLA vs NIO: Buy and Sell EV's against each other v2!Okay so an update on a strategy we have been working on since well into early 2019. if you want to see the earlier chart it will be here or down below. $1000 May 29 2019: Bought TSLA @$189.86 or 5.2 shares a number of trades October 26 2020: Sold NIO @$26.01 (cash $14,726) for TSLA @$420.28 or 35 Shares - total now 93.5 shares of TSLA Current Total = 93.5 Shares of TSLA for value of $38516 or $37515 in profit V2 starts with this refresh of the chart after a few splits. An entire year went by until end of july 21 we started to see some slack in the market. April 27 2022: Sold 93.5 shares TSLA @340.87 for NIO @18.28 or 1736 June 30 2022: Sold 50% of NIO 836 @22.01 for $19113 for tesla @301.76 NIO836 TSLA63 August 25 2022: Tsla split 189 September 6 2022: Missed a TSLA sell on Sept 6 October 31 2022: Tsla sell 189 @227.10 42921 Bought NIO @9.66 for 4443 total NIO 5279 shares January 6 2023: Sold 50% NIO 2639 @9.82 25921 Bought TSLA 106.4 243 shares February 15 2023: Sold TSLA @212.37 51735 for NIO @10.22 5062 Total 7701 Shares of NIO or $78708! February 22 2023: didn't like what we see so we sold all NIO @10.14 $78088 50% cash 50% TSLA @$197.18 or 198 TSLA shares and $39042 in cash
NASDAQ:TSLALong
by swimmax
NIO: CHART UPDATE / SUPPLY & DEMAND / FULL BREAKDOWN & RSI DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of NIO STOCK. As an update to my previous chart on NIO this chart features a much more clear interpretation of where price action can head in the near future. POINTS: 1. Deviation remains the same. MACRO DEVIATION = 10 POINTS, MICRO DEVIATION = 2.5 POINTS 2. Current Trend: Symmetrical Triangle Pattern 3. Earnings Report 03/23 RSI: 1. Pay Close attention to Lower Lows in Price Action & where RSI tends to reset at those given points. 2. Notice how RSI is showing sideways momentum in OVERSOLD territory for NIO this is usually indicative of an upcoming shift in momentum as SELLING BECOMES EXHAUSTED. IMO: Let's take into consideration that lately COMPANY FUNDAMENTALS have not reflected onto NIO's STOCK PRICE but I would also take into consideration just how beaten down this stock is and where China's economy is currently headed. SCENARIO #1: In a BULLISH scenario price action holds above 10 & sees next move up to 12 to confirm continuation of current setup before another possible retest of 10 as a SUPPORT. BREAK OF 13 would be a BULLISH entry point imo. SCENARIO #2: In a BEARISH scenario price action loses 10 as a SUPPORT and will rely on 9.50 as a SUPPORT if this were to break SUPPLY & DEMAND CHANNEL will rest between 9.50 & 7 digging an even deeper pit for NIO to climb out of. FULL CHART LINK: www.tradingview.com NYSE:NIO
NYSE:NIOLong
by DGSTBROKERACC
2
PSNY: CHART UPDATE / SUPPLY & DEMAND / SEMI-MICRO ANALYSIS / RSIDESCRIPTION: In the chart above I have provided a SEMI-MICRO ANALYSIS of PSNY. With previous setup being invalidated with continuation of sideways price action and continued consolidation. POINTS: 1. Deviation of 1.50 points justifies SUPPLY & DEMAND POCKET PLACEMENT. 2. RSI has now officially reached 40 threshold signaling an entry into OVERSOLD TERRITORY. 3. MACD CONTINUES LIMITED BETWEEN 0.14 & -0.14 without major shifts. 4. Despite RSI's drop into oversold territory, MACD continues to hold squeeze momentum. IMPORTANT: EARNINGS REPORTED ON MARCH 3 & BREAK OF 6.50 WOULD BE FIRST STEP BEFORE FURTHER UPSIDE. SCENARIO BULLISH: In a bullish scenario it would prove crucial for price action to hold above 5.50 with an eventual break above 7 to move price action into NEW SUPPLY & DEMAND POCKET. SCENARIO BEARISH: In a bearish scenario price action breaks 5.50 to the downside and we come to continued bearish momentum to $4. FULL CHART LINK: www.tradingview.com NASDAQ:PSNY NASDAQ:PSNYW
NASDAQ:PSNYLong
by DGSTBROKERACC