EVS
TAIG -- Extremely oversold. Likely outgoing COO liquidating.TAIG is an electric snow/water vehicle manufacturer with over $100M in cash + $50M in committed government subsidies in Canada. Insider options at 9.89. Raised $100M recently at $15. Extremely oversold. Likely the outgoing COO liquidating shares and creating an opportunity for those paying attention.
Bulls playing a dangerous game of hot potatoWe are on 3 consecutive weekly gap ups, which is an exhaustion pattern, accompanied by being far outside the weekly Upper Bollinger Band. Daily RSI in the mid 90s and 4hr also in the 90s. This thing is going to waterfall hard. Not a short recommendation unless experienced, but definitely a time to take some off the table and have a very tight stop
NIO Pullback Over? [LONG]NIO had a rough start to the week on Monday as did many Asian equities. But somehow it appears that NIO could be on the brink of a successful back test of a key support area that could hold as the key to NIO running to higher prices in the future and sustaining it.
Keep an eye on the open tomorrow morning. If price opens above $39.27, this could be a great entry for a long. Anything below this price level instantly flips this asset to bearish as shorting would again be the most attractive bet for the foreseeable future. A break and confirmed daily candle close below $39.27 would be a violation of the .236 fibonacci level, and that could insinuate price action to downside for a retest of the previous swing low at $30.71.
The risk/reward on this at the moment is perfect however, as we are nearly exactly at our support. So stop losses can be a little loose due to the room for error we now have. Again, most of this will depend on where NIO price is at come opening bell.
Should this $39.27 level hold, we could be looking at a 13% move to our first target at $55.57.
Ultimately, a move back to the all time high, which represents X of this retracement, makes this a potential 70% profit trade.
TAIG -- Off-road EV manufacturer; Cup & Handle breakout on newsA *major* sleeper in the #EV #renewables space!
- $290M mkt cap
- Raised $100M in April at $15 with no warrants
- $185M cash
- Extra $50M in govt subsidies
- $23 price target from Canaccord
- Cup & Handle breakout
---------------------------------------------------------------
Taiga Announces $50M in Government Support for Electric Vehicle and Battery Assembly Facility
SHAWINIGAN, QC, July 12, 2021 /CNW/ - Taiga Motors Corporation ("Taiga") (TSX: TAIG), a leading manufacturer of electric off-road vehicles announced today the raise of a combined $50M in support of the Shawinigan Mass-Production Assembly Facility.
- $50M in combined support from federal, provincial and municipal governments of Taiga's Mass-Production Facility for electric snowmobiles, watercrafts, battery packs and powertrain systems in Shawinigan, Quebec.
- Utilizing cutting-edge technology, the most advanced high-volume electric powersport production facility in the world is expected to begin operations in second half of 2022.
- Once fully operational, the facility will have an annual production capacity of up to 80,000 units and 3 gigawatt-hours in battery pack and module production.
VMC - Fundamentally strong EV play on the verge of breakoutVMC is trading at 1x sales with pending NASDAQ uplisting. A rare combination of strong fundamentals and bullish technical setup. Current selling pressure is due to warrants which expire on June 18th.
Bullish biased Inverse Head & Shoulders or Cup & Handle, whichever you prefer. Bollinger Squeeze. Could see a big move soon, IMO.
ACTC Will Be Trading as PTRA On TUEACTC Current Price 19.01 Price Target $24
Ticker change to come Tuesday from merger with Proterra New ticker will be PTRA. The ticker change should help bring some attention and hopefully volume to this stock.Still love the EV sector as a great long term hold. All EV stocks could rally off of lawmakers in the US coming to an agreement on an infrastructure deal. I think next week we see a bump up due to some increased volume and in the long term ACTC should continue to win more government contracts for EV public transport as they are already the leader in EV public transport. Unlike lots of EV companies Proterra has vehicles on the road and more in manufacturing to meet to immense need of EV public transport. Governments will be the first to make real monetary commitments to EVs, not businesses or consumers!
ACTC Voting On Proterra Acquisition This Week ACTC Current Price $18.15 Price Target $23.50
I'm waiting for ACTC to confirm breakout by printing another 4 hour candle above the $18 resistance line. If that happens next week that will set up ACTC for a huge week as the vote for the SPAC to buy Proterra Is this week. Once the purchase is confirmed I expect ACTC to run. Love when the technicians line up with fundamentals
Only sky is the limit for Ford. Ford is breaking multi-year trend line (since 1999) on strong catalyst. Above all SMAs = mega bullish.
TSLA got new rival with much better production capabilities. News about new F-150 truck and increasing battery capabilities look very promising.
Enter here for monthly swing with targets at 18 and 21 and 30.
Chinese EV Stock Xpeng XPEV Has A Bullish PotentialXpeng XPEV violated the downward trend line with a bullish strength and momentum.
XPEV could target $34.40 and $41.80 consecutively according to Fibonacci retracement levels.
Xpeng has underperformed this year, with its stocks down by roughly 30% each, since early January.
The Chinese electric vehicle (EV) space is booming, with China-based manufacturers accounting for over 50% of global EV deliveries.