Tesla : whast next?Tesla has had a good move off the lows. The individual price action does favor a continuation to the upside however markets are susceptible to weakness as they're into resistance. If markets break lower, most likely Tesla follows.
if TSLA fills the technical gap around $113 it may prove to be a good accumulation zone.
EV
NDQ US 100 INDEX: MARKET MAKERS MAGIC??DESCRIPTION: In the chart above I have provided a MACRO analysis of NDQ that is in fact showing strong signs of PENDING CAPITULATION but I will leave the rest to INDIVIDUAL INTERPRETATION.
POINTS:
1. DEVIATION OF 1,000 POINTS is where NDQ usually finds appropriate CONSOLIDATION to then draw out SUPPLY & DEMAND POCKETS.
2. RSI is DANGEROUSLY OVER EXTENDED and looks ready for some PULLBACK.
3. MACD is CONSOLIDATING and moving closer to its MEDIAN SIGNALING A BIG MOVE IS ON THE WAY.
*IMPORTANT (FOOD FOR THOUGHT): ALL SIGNS ARE BEARISH BUT IS THAT WHAT THE MARKET MAKERS WANT US TO THINK? TO MANY PEOPLE ARE BEARISH AND PLACING MONEY ON PUTS. JUST DOUGHT MARKET MAKERS WOULD ALLOW FOR EVERYONES CONTRACTS TO EXPIRE IN THE MONEY.
SCENARIO #1: A BULLISH scenario would require a hold of 11,000 POINTS followed by SIDEWAYS MOVEMENT or a BREAK of TREND.
SCENARIO #2: A BEARISH scenario would require a lose of 11,000 POINTS followed by an AGGRESSIVE BREAK of TREND to the DOWNSIDE.
FULL CHART LINK: www.tradingview.com
TVC:NDQ
DAX & S&P500 RELATIONSHIP: MACRO / SUPPLY & DEMAND / BOTTOM???DESCRIPTION: In the chart above I have included and brief macro analysis of the DAX a GERMAN equivalent exchange of the S&P500. Aside from the difference in point ratio the DAX and S&P500 have a special relationship in which they mirror one another usually with the DAX following the S&P500. Nevertheless the DAX in this case can be showing us a different perspective in what is in store for the OVERALL MARKET in the near FUTURE.
POINTS:
1. DEVIATION of 1,000 POINTS begins PLACEMENT of SUPPLY & DEMAND POCKETS at YEARS ALL TIME LOW of 12,000 POINTS.
2. Current UPTREND is at RISK of SHARP Incline that is shown by FLOOR OF CURRENT UPTREND CHANNEL.
3. 100 MA (ORANGE MA) is serving as crucial support and agrees with current uptrend along with 45 MA & 200 MA FALLING INTO PLACE .
4. 15,000 POINT RANGE IS OF CRUCIAL IMPORTANCE TO HOLD WITH CONSOLIDATION IN CURRENT DEMAND POCKET.
*IMPORTANT: RSI within an 8 HOUR TIMEFRAME has only been seen at these levels 2 TIMES in the PAST YEAR where we usually have come to see a continuation of bullish momentum for 22.5 days if we go by AVERAGES.
SCENARIO #1: BULLISH scenario would require a continuation of STEEP INCLINE SUPPORT or at the very least a CONSOLIDATION ABOVE 15,000 POINTS.
SCENARIO #2: BEARISH scenario would begin at the moment we lose 15,000 as a SUPPORT & would further continue once STEEP INCLINE TREND IS BROKEN.
FULL CHART LINK : www.tradingview.com
XETR:DAX
SP:SPX
$NIO 1H viewQuite interesting setup.
Also below are interesting points to consider:
1. RMB vs us dollar, approx +8% gain favor RMB
2. Most commodities are priced in US dollar, a rise in RMB is comparable to a discount in metals of -8%
3. NIO selling mostly in China benefits from the strengthen of RBM
3. Commodity prices are down on average -30% from peak levels
4. Lithium prices are down on average -20% from peak levels
5. China energy inflation much lower than Europe and US
PSNY: MACRO ANALYSIS / INTERSECTING CHANNELS / SQUEEZE? (UPDATE)DESCRIPTION: In the chart above I have included an in depth MACRO ANALYSIS of PSNY.
IMPORTANT:
- With late Novembers PRICE ACTION rejection at around 8 POINTS this led me to consider that despite our current uptrend the CEILING of the PREVIOUS DOWNTREND CHANNEL IS STILL VERY MUCH IN PLAY.
- RESISTANCE THAT WAS SEEN AT 8 POINTS WAS EXACTLY WHERE THE INTERSECTION LIES FOR BOTH THE CEILING OF PREVIOUS DOWNTREND CHANNEL AND CURRENT UPTREND CHANNEL.
POINTS:
1. DEVIATION OF 1 POINT PER SUPPLY & DEMAND POCKET. (Gaps between Supply & Demand Pockets is due to lack of STABLE CONSOLIDATION)
2. FUTURE POINTS OF CONTACT were estimated by taking MEAN AVERAGES from PREVIOUS POINTS OF CONTACT.
3. PREDICTED 10 DOLLAR price target by FEBRUARY 14TH was estimated by taking into consideration how much previous rally made price action increase after serious consolidation.
4. IT IS CRUCIAL MACD BEGINS TO STAY CLOSE TO MEDIAN AS IT CAN BE A GREAT PREDICTOR FOR A POTENTIALLY BIG MOVE.
SCENARIO #1: In a bullish scenario price action follows given path or makes more points of contact eventually breaking to the upside from DOWNTREND CHANNEL CEILING.
SCENARIO #2: In a bearish scenario it is important price action does not fall below 5 points this would in fact invalidate entire setup.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
NIO PENDING REVERSAL!!! (UPDATE)DESCRIPTION: In the chart above I have provided and updated micro analysis of NIO along with updates SUPPLY & DEMAND POCKETS.
POINTS:
1. NEW DEVIATION OF 10 POINTS beginning from 9.50 as it sits as major DEMAND FLOOR.
2. Descending Triangle pattern is now officially broken toward the UPSIDE.
3. 11 POINTS IS FIRST CRUCIAL SUPPORT THAT MUST HOLD EVEN IF IT MEANS A CONTINUATION OF SIDEWAYS MOVEMENT.
SCENARIO #1: Entry point for BULLISH scenario is marked at 11 POINTS where DESCENDING TRIANGLE PATTERN IS INITIALLY BROKEN.
SCENARIO #2: Entry point for BEARISH scenario is marked at 8 Points where if price is too linger any lower we will most certainly come to see 6 Points.
FULL CHART LINK:
www.tradingview.com
NYSE:NIO
Short LUCID! (NFA)Lucid hit resistance and is most likely going to continue the trend down as shown by the last time it reached the top of the channel. SHORT
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Mullen - Possible Short Targets BelowMullen is pretty steamed up, I feel like it's over bought for the moment. I like shorting these wick tops and I don't think this situation is much different. I think overall I could get bullish on this stock, I will admit that I am not analyzing any fundamentals. My last Mullen call is to the left at the first (small) yellow arrow and it seems like we could repeat again. Not financial advice, DYOR.
when is the time to be long for $tsla?
$tsla is the one of the most popular company nowadays and every one has started to talk about getting in regardless what the analysts are saying. It dropped almost 75% from the top and there is still no any sign for uptrend. there are weekly supports may help to keep the price up. However, It seems that It will not bounce back until it touches the lower channel. I will definitely get in if I see uptrend on daily basis.
Bounce from here?Going to keep this simple. TSLA Bounced multiple time off the .0786 and even though the more a support is tested the weaker it gets, i think going long with a stop under the wicks would be smart. NFA
Love it or hate it, hit that thumbs up and share your thoughts below!
Every day the charts provide new information. You have to adjust or get REKT.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
Tesla's bubble has burstIn late October 2022, we stated the bear market was poised to weigh heavily on shares of Tesla. Since then, the price dropped from 207.28$ 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.
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
LCID TO 4??? / MACRO ANALYSIS / FIB / DEVIATIONPoints:
- LCID is showing a Deviation of 6 Points placing current price action in new channel.
- Current channel = Supply Zone at $10 & Demand Zone at $4.
- Down 89.19% in past 405 days.
- RSI Average at an all time low.
IMO: I would consider LCID to be a reasonable buy at $4. Opening a position at these prices with appropriate risk management skills can come come to yield decent returns in the near future.
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.
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DGSTACC: PSNY MACRO ANALYSIS!!!In the chart above I have provided a textbook example of what might be unfolding for PSNY.
1. Previously confirmed Supply & Demand channels remain intact.
2. Recent move to the upside can be confirming that a new HIGHER LOW which in turn confirms the floor for current trend.
3. Important for price action to stay above 5.50 to avoid an early retest of lower timeframe.
NASDAQ:PSNY
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.
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
DGSTACC: LCID TO 4??? / MACRO ANALYSIS / FIB / DEVIATIONPoints:
- LCID is showing a Deviation of 6 Points placing current price action in new channel.
- Current channel = Supply Zone at $10 & Demand Zone at $4 .
- Down 89.19% in past 405 days.
- RSI Average at an all time low.
IMO : I would consider LCID to be a reasonable buy at $4. Opening a position at these prices with appropriate risk management skills can come come to yield decent returns in the near future.
RIDE | Incoming Bounce | OVERSOLDLordstown Motors Corp. develops, manufactures, and sells Endurance, an electric full-size pickup truck for fleet customers. The company was founded in 2019 and is based in Lordstown, Ohio.