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FFIE

Can MULN reverse its decline?MULN is a stock in the EV automotive space. As recently as last year it was priced at $30-40 per share. It has steadily declined but continues to have volatility flare-ups where the price spikes. I understand it has a bit of a cult-like following which is not uncommon. Price has lost 50% since the latter part of May. On the 15-minute chart, price has jumped about 10% in the past few days with increased volatility and a confirmatory trend of the lines of the MACD crossing above the zero horizontal line. I suppose this could be a retracement /correction but it also could be a reversal in its earliest phase. I see this as suitable for a small position risking less than a tenth of a percent of the account. The stop loss is 46 cents or about 6-7%. This is the recent pivot low. My first target is 1/2 of the previous decline or about $.70 with a second target at $.80 and the final target of $0.95 knowing that $ 1.00 is a psychological level.
NASDAQ:MULN
by AwesomeAvani
2
FSR follows TSLA / NIO in uptrendFor the month of May on the 15-minute chart Fisker is up 27% while the general market QQQ is up merely 4%. FSR riding an ascending parallel channel tested the channel yesterday. This was met with high relative buying volume. (Fundamentally, TSLA and NIO are rising as well as EV stocks gain some momentum ) The Better RSI indicator is oscillating between oversold and overbought providing reasonable entries. The volume profile shows the highest volume support from $ 61.0 to 6.65. The uptrend started at 5.10 and the POC line which is the likely Fib 0.5 level on a future retracement combined in context suggest a target of 7.10 for the current uptrend. I find this to be suitable for a long trade setup also factoring in a stop loss at 6.55 just below the parallel channel.
FLong
by AwesomeAvani
RIDE is coasting downRIDE is an EV Nasdaq Penny Stock. It is in danger of delisting. A major financing deal fell through. This company is having a hard time getting traction much like MULN and FFIE. On the chart, price has fallen down into the lower Bollinger Band and is at the bottom of the high volume area of the volume profile. My forecast is continued trending down until it gets near to the prior swing low at the beginning of this week. There the short sellers will liquidate and a new wave of "riders" will take a ride. That said, I have bought put options today and expect to sell them out and switch to calls next week, They are for 10 DTE and should appreciate quite well fairly quickly.
RShort
by AwesomeAvani
MILN Electric Vehicle Penny Stock MULN is a nine-penny stock that is high volatile with a wide ATR. On the 15-minute chart, price is currently sitting above the support zone shown by the Luxalgo indicator. Upside to the resistance zone is nearly 40% which this stock can do in 1-2 days. Just in the past two days MULN formed a double top at 12 cents near to the VQAP + 2 then tended down. After the downtrend price currently in the undervalued range one standard deviation below VWAP which MULN is using for support. The RSI confirms price as in the low oversold zone while the high relative volume in the past couple of days affirms trader interest. Once a reversal is steadily underway I suspect a volume surge will drive price higher and do so quickly. I see this as a great opportunity to take swing long trade looking for at least 1/2 of the upside 40%. The stop loss will be set just below the support zone. If price moves there the trade is invalidated. If not the target is 12 cents at the level of the double top or alternatively a more conservative target of one standard above VWAP ( blue line) at about 11.4 cents. Lastly, there is the alternative of inexpensive options which if taken strategically can significantly leverage the returns of a stock trade.
NASDAQ:MULNLong
by AwesomeAvani
3
NKLA Is Nikola puting in a bottom ?NKLA is trying to make an all time low. Fundamentally, the last earnings were okay. Some members of the board are retiring soon. Technically, the relative selling volume is much higher than the moving 50 day average. The zero lag MACD shows no bullish divergence suggesting that that there is no impending reversal. The indicators K/D lines have not crossed indicating the moving average compression / convergence are continuing. Price has fallen outside the Bollinger Bands. NKLA finished out the week with some engulfing bear candles on the news of instability on its governing board. This is unlike the candlestick pattern when NKLA did minor pullbacks on the downtrend foreseen by small body red candles to setup up the minor pullbacks. All in all, as a penny stock, this is probably not shortable but it does have put options for $23.00 per contract for the $1.00 strike DTE 5 with a spread of 5% with high volatility and open interest ( reasonable liquidity) I will take a put option trade of several contracts targeting 50% return and setting a stop loss at 10%. I have always found it helpful to have some naked puts in the portfolio so when the general market of SPY / QQQ reverses t o the downside they can help the put options capture some profit in the synergy.
NASDAQ:NKLAShort
by AwesomeAvani
5
FFIE: End of the Year PickMy last pick of the year is FFIE. I believe Faraday Future has been severely oversold. I also topped my account with more Nanox Imaging and Virgin Galactic. The pattern and trendline speaks for itself, and I think it is towards peak resistance levels w/ the tax write-off sales and end of the year activity. That said, everything you do is at your own risk. Do your own due diligence. This is on an opinion-basis and as-is basis, and not meant to be taken seriously.
NASDAQ:FFIELong
by gamer456148
3
A review on the watchlist I shared last week..! In this post, I want to review the outcome of the watchlist I shared on August 28, for the stocks with short squeeze potential. 30 out of 50 finished the week with profits(60%) 10 have +10% gain(10-32%) The worst outcome was (-7.99%) These results clearly show we should take the Quadruple Witching phenomenon seriously, and most heavily shorted assets will experience nice rebounds weeks before these dates! The Next 3 Extravagant Weeks ahead..! www.tradingview.com 1- NASDAQ:KNBE 2- NASDAQ:KIRK 3- NASDAQ:FFIE 4- NASDAQ:GDRX 5- NASDAQ:BGFV 6- NASDAQ:ATER 7- NYSE:SKLZ 8- NASDAQ:SDC These results are far better than WSB's top 50..! Regardless of fundamentals, any asset has the potential to make you some profit at the right time..!(Mosh)
NASDAQ:ATER
by Moshkelgosha
5
Potential short squeeze!Market Cap: 2.47B Shares Outstanding: 260 M Average Trading Volume (10 days): 2 m Shares Short: 8.5 M Short Interest(%): 2.57 Days to cover: 5 Change in Short Interest: +6% Ownership Breakdown: Institutions: 59.4% General Public:34.2% Hedge Funds: Individual insiders: 6.4% Sum: 100% Option profile: Total OI: Put Call Ratio:0.26 Put OI: Call OI: Highest Put:10 Highest Call:15 Max Pain: 10 Open Int (30-Day): 417K You can find the trading Setup on the chart!
NASDAQ:FFIELong
by Moshkelgosha