Buy $NKLA - NRPicks 21 MarNikola Corporation designs and manufactures battery electric and hydrogen-electric vehicless. It operates in two business units, Truck and Energy. The Truck business unit develops and commercializes battery electric vehicles, hydrogen fuel cell electric vehicles, vehicle components, and class 8 trucks that provide solutions to the short-haul, medium-haul, and long-haul trucking sector.
The Energy business unit is focuses on developing and constructing a network of hydrogen fueling stations for its fuel-cell electric and other customers. Nikola Corporation was founded in 2015 and is headquartered in Phoenix, Arizona.
Nikola corporation files for common stock offering of up to $100 million - sec filing
Nikola corporation says intends to invest net proceeds from offering in interest-bearing, investment-grade instruments
- Market Cap 6.04B
Technical:
- Low levels of RSI – break of downtrend
- Price below MA50, and MA100
- Support at $14.80
EVS
Dr. Burry where are you??? The Big Short 2.0Check the following:
1. Competition is on fire
2. Semi-conductors shortage (production slowing down)
3. Chinese EVs- Spacs all down
4. Tesla announced double the expected cars sales and the stock made a 5% move and then is sitting on the same prices while the S&P is moving to all time high
5. Cathy rush to buy the dip and then upgrade her target (why??? her ass is on fire due to the shortage of chips, necessary to the production of EVs), production expectations will not be met in the medium-term (2-3yr)
6. VW did not go up because of EV future but more on EVs short term production problems ( more time for diesel-petrol engines )
7. I like al the above and number 7 :)
Do you believe the problem with semi-conductors is going to be resolved any time soon? i do not...
Awaiting for opening my short position either in a retest or previous highs or a breakdown of the major trend line and not only in tesla but all the EV sector. This is going to be a bet 0 or >1 and a 1-2year holding period.
Dr. Burry where are you???????
PAY-tience is the Key Here! $TSLAWith an abundance of catalysts approaching soon, including Q1 earnings for 2021, I don't see Tesla taking the doom of death that many Michael Burry fanboys have been preaching. Tesla has proven bears wrong before and will do it again.
Whether you want to believe it or not, Tesla is both disrupting and dominating the EV industry at a rapid pace-
"As it turns out, Tesla completely dominated the electric car scene in the U.S., capturing 79.4% of the BEV registrations. The company noted 200,561 registrations in 2020 (up 16.3%, compared to 172,438 in 2019). That's 1.4% of the total car market!" ( insideevs.com )
With everything said, I do see a couple more days of slow bleeding until we get closer to Q1 earnings. The technicals within the chart are just not there yet to indicate a true reversal. Just give it some room and time to play this correction out- EV and Tesla is the future.
CIIC is looking bullishNASDAQ:CIIC is setting up nicely and should break out soon. I like the company, Arrival is quite promising as an EV manufacturer, I see this as a very good long term pick. Long break out to target 37$ and 50$, stop level at 22$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Entered XPENG long. EV stocks had their time to correct.
Now it's reversal time, so let's long this baby.
RSI is so oversold the cyclical phase must begin. ATH is a definite possibility.
Inside ownership also re-instills faith all the big boys are in this great stock,
Blackrock, Goldman, JP, Shaw, CS, and finally big Mr. BABA.
Let the chart speak for itself.
(Disclaimer)
(This is not financial advice, just my opinion) NYSE:XPEV
XPEV: The forgotten Chinese EV PlayI am wary of Chinese ADRs, but I think this technical set up in XPEV is too good to ignore. I love the consolidation since it's peak in November, and I also think it has developed a solid support level the past few weeks at $45.
XPEV is another EV maker, so it has the upside of catching momentum on any news associated with the industry. I am targeting $60/65 as my upside target, while using a $36 stop to minimize my downside
Switchback Energy - two possivle routs - Q1Switchback Energy - two possivle routs - Q1 - depends if it can break out on top of the tirangle or will make a second round to build a bullish flag.
Clear Pennant Forming on $ACTCThis is one of my favorite plays currently.
$ACTC has been confirming price action precisely, with a pennant clearly forming and executing on the one-month perfectly.
RSI and MACD indicators are on the verge of reversing to the upside after consolidating for a month straight, another very bullish sign.
Proterra is a great investment long-term, for a variety of obvious reasons. They own about 50% market share for electric buses produced and sold within North America, giving them the biggest advantage with dire pushes for clean energy within the Biden administration.
This has the potential to be a 10x bagger long-term, given current projections and market conditions favoring EV's.
GLTA!