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Bounce from here?Going to keep this simple. TSLA Bounced multiple time off the .0786 and even though the more a support is tested the weaker it gets, i think going long with a stop under the wicks would be smart. NFA Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
NASDAQ:TSLALong
by rnaofs
Tesla's bubble has burstIn late October 2022, we stated the bear market was poised to weigh heavily on shares of Tesla. Since then, the price dropped from 207.28$ to a low of 108.24$ (on 28th December 2022), representing almost a 48% decline. After that, the company’s shares briefly rose above 124$. However, with the start of a new year and its first trading day, shares fell more than 13% following the disappointing report concerned about the automaker’s delivery number. As if it was not enough, the company has been experiencing troubling quality reports for years and regulatory scrutiny over its autopilot feature. Furthermore, its rivals are no longer behind the company’s technological progress, producing competitive electric vehicles and threatening Tesla’s well-being. That comes as a blow to the company, which was once valued at more than the nine biggest automakers combined (globally) while producing only a fraction of vehicles compared to its rivals. Subsequently, that leads us to speculate that the hyper-inflated bubble of Tesla burst and will never reinflate to its previous size. The production number of cars by year (Tesla): 2022 = 1 369 611 2021 = 930 422 2020 = 509 737 2019 = 365 284 2018 = 254 530 2017 = 101 027 2016 = 83 922 Sales by brand (rough estimates) for comparison: Tesla (2022) = 1.31 million BMW Group (2021) = 2.52 million Mercedes Benz cars (2021) = 2.09 million Ford Motor Company (2021) = 3.94 million General Motors Company (2021) = 6.29 million Toyota (2021) = 9.56 million Volkswagen (2021) = 8.88 million Hyundai Kia (2021) = 6.66 million Honda (2021) = 4.45 million Illustration 1.01 Yesterday, shares of Tesla hit a new low at 104.64$. Currently, the price is too far from its 20-day and 50-day SMAs. Therefore, we are cautious as this often precedes price retracement toward these moving averages. Technical analysis Daily time frame = Bearish Weekly time frame = Bearish Illustration 1.02 Rising volume hints at tremendous selling pressure in shares of Tesla. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:TSLA
by Tradersweekly
27
NIO PENDING REVERSAL (UPDATE)DESCRIPTION: In the chart above I have provided a macro analysis update for my previous prediction for NIO. POINTS: 1. Adjusted pockets for SUPPLY & DEMAND: 1ST LEVEL = $14 - $24 & 2ND LEVEL = $33 - $43. 2. SUPPLY & DEMAND POCKETS do in fact show a common deviation of 10 points of spread. 3. Current $9.50 is serving as CRITICAL SUPPORT that is broken would invalidate entire setup. 4. If we come to see a continuation of this sideways consolidation between $9.50 & $14 price action will begin to squeeze for bullish divergence. 5. More than covered gap from early July 2020. Scenario #1: Bullish scenario can mean we see price action move into 1ST LEVEL SUPPLY & DEMAND ZONE as we invalidate bearish trend. Scenario #2: Bearish scenario can mean we break below our critical support of $9.50 and fall to $6.00. NYSE:NIO
NYSE:NIOLong
by DGSTBROKERACC
2
Legrand (LR.pa) bearish scenario:The technical figure Channel Up can be found in the daily chart of the French company Legrand (LR.pa). Legrand is a French industrial group. It is one of the world leaders in electrical and digital building infrastructures and connected solutions. 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 Up broke through the support line on 23/12/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 17 days towards 71.80 EUR. Your stop-loss order, according to experts, should be placed at 85.88 EUR if you decide to enter this position. Legrand, a world leader in electrical, digital infrastructure and connected solutions, has announced its acquisition of Encelium, an Ontario, Canada-based manufacturer of advanced commercial lighting controls. The acquisition of Encelium brand and products, which takes effect immediately, comes as part of Legrand's ongoing global strategy to further strengthen its position in the commercial lighting control sector. A leader in this category, Encelium is already an integral component within thousands of buildings, supporting the needs of occupants, tenants, and facilities managers through people-centric lighting and energy efficiency. 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.
EURONEXT:LRShort
by legacyFXofficial
PEV | Good Entry Point | BouncePhoenix Motor Inc. designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles. The company offers buses and trucks. It focuses on developing light and medium duty commercial electric vehicles for various service and government fleet markets, including city fleets, campuses, municipalities, and transit agencies; and serves a spectrum of commercial fleet customers, such as airport shuttle operators, hotel chains, transit fleet operators, seaports, last-mile delivery fleets, and large corporations. The company also markets and sells electric vehicle chargers for the commercial and residential markets; and operates a sales and leasing dealership in the United States. In addition, it sells various L2 and DC fast-charging solutions to its fleet customers at the point of sale for fleet vehicles. The company was founded in 2003 and is headquartered in Anaheim, California. Phoenix Motor Inc. operates as a subsidiary of Edisonfuture Inc.
NASDAQ:PEVLong
by DivergenceSeeker
5
DGSTACC: TESLA BOUNCE INCOMING!!!In the chart above I have provided a macro analysis of TESLA by providing a visual on confirmed channels, past and current trend & RSI patterns. Points: 1. Channels show a deviation of 60 points currently placing us in the second to last channel that holds between 60 - 20 for DEMAND & SUPPLY . 2. Current channel is in fact risky to buy into considering we are in a Supply Zone with a channel that has seen little consolidation in past price action. 3. Tesla is now currently down 73% in the past year. 4. We are now currently in what I believe to be a SHORT BELOW CURRENT TREND that should come to see a pull back into our current down trend at least. 5. RSI is at a crucial pivot point where a dead cat bounce is worst case scenario if we are to take away from previous times RSI has been this low. Note: A squeezing triangle pattern has been indicative of a bullish climb in the near future. NASDAQ:TSLA
NASDAQ:TSLALong
by DGSTBROKERACC
EVGO | Time to Charge Up | LONGEVgo, Inc. owns and operates a direct current fast charging network in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services. It also provides ancillary services, such as customization of digital applications, charging data integration, loyalty programs, access to chargers behind parking lot, or garage, pay gates and pilots microtargeted advertising, and charging reservations; and maintenance and development and project management services through eXtendTM, including electric vehicle supply equipment installation, networking, and operations. The company was incorporated in 2010 and is based in Los Angeles, California.
NASDAQ:EVGOLong
by DivergenceSeeker
TSLA Major Confluence Long Signal!Going to keep this simple. We have a touch on the bottom of the descending parallelly channel, a major horizontal support line, and the golden pocket. This is a very bullish setup for TSLA to bounce. Stops should be placed below golden pock with the right position size and risk management to protect your account incase the bears manage to push the price through this major support. Love it or hate it, hit that thumbs up and share your thoughts below! Every day the charts provide new information. You have to adjust or get REKT. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
NASDAQ:TSLALong
by rnaofs