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FSR

#FSR perhaps a little much for now - time for reversal? #JSEFirst Rand made a lovely pin bar reversal off support on Monday and subsequently followed through today. I like this one as a long here with a stop below R60.00 and a target back to the 50% fib of recent high and low which also coincides with its yearly pivot point (=- R67.00). Also note bullish divergence where RSI is making higher lows even though price made lower lows warning of a rally to come. Trade idea: Buy R61-R62 Stop loss, move below R60.00 Target R67 Risking R1/R2 to make R6 for a 6 or 3 to 1 risk reward Note: 200dma at R65.83 could also be used as a target
JSE:FSRLong
by MarcoOlevano
NKLA Cup and Handle Pullback for Long EntryNKLA on the 2H chart appears in a cup and handle pattern with the full pattern including the bullish continuation now printed. The pattern predicts $ 2.00 of upside . While the fundamentals of a change of CEO may be concerning, the the creativity of finding cash during a slow cash burn without diluting current shareholders. Perhaps he will have two classes of shares as a remedy. There are upsides to "fresh blood". NKLA has been on the rise for two months albeit with some volatility as seen in the price oscillation from the base of the cup. The uptrend is that of a parallel ascending channel. The rise of the amplitude on the AO indicator is reassuring and shows the bullish momentum has the strength of bull legs. I see the pullback in the last trading session as a buy entry. Let's go long! If you are interested in my suggestions of the stop loss and targets or an equivalent options trade, leave a comment. If you found this idea helpful, please like and subscribed.
NASDAQ:NKLALong
by AwesomeAvani
6
FSR setting up LONGFSR as shown on the 2H chart current has its price sitting near to the lower Bollinger Band and is supported by both the mean VWP anchored back in mid June when the price was bouncing over and under the basis band of the Bollingers. Price is also supported by confluence between that mean VWAP and the short term POC line of the volume profile showing validity and balance in recent trading above this zrea. The Chris Moody MACD indicator shows the lines crossed under the histogram which went red to a tiny green and also generated a green ball, a buy signal of sorts. FSR has been on a pullback for about ten trading days. The analysis is that it is now ready to trend back up. Overall, I see this as a long trade setup targeting first the basis band of the Bollingers at 6.50 then the upper band at 6.80 and finally as a target for any runners the second deviation line above the mean VWAP (thick red) at 7.20. Although FSR is highly volatile I assert that buying low more often than not leads to sellng higher.
FLong
by AwesomeAvani
1
PSNY Polestar EV Sector Penny Stock LONGPSNY ( www.nasdaq.com production-race) as a niche EV manufacturer has a production schedule which rivals LCID, RIVN FSR and others. On the 15 minute chart shows the trend down of price and then a reversal deep in the undervalued and oversold area of the lower VWAP bands. The MACD shows lines crossed and then ascending crossing over the zero line and positive histogram. The dual time frame has consistent information with rising RS shown in both time frames. Price has crossed over the POC line of the volume profile suggesting buyers have predominated. I will take a long trade here targeting first VWAP at 4.55 and then 4.75 the level of the double top of July 18/19 with a stop loss below the POC line at 4.32 the stop loss of a dime compares with the profit potential as analyzed.
NASDAQ:PSNYLong
by AwesomeAvani
2
FSR rounded bottom reversal patternFSR on the one hour chart completed a trend down from Wed June 23 to Tues June 27 and appears to have reversed. FSR has gained about 12% in 3 days on the bounce. The following are signs of bullish momentum: 1. Price is supported by an ascending linear regression line with a period of 50 2. The MACD lines crossed over the horizontal zero line on Tuesday, June 27th. This is a zero lag setup. 3. The RSI strength crossed over 50 the following day. 4. Price crossed over the volume profile's POC line on Wednesday, June 28 showing gaining bullish momentum 5. Price crossed over the mean VWAP anchored to the beginning of the prior downtrend on June 29th another confirmation of bullish momentum. Overall, FSR appears to be well setup for a swing long trade which I will take.
FLong
by AwesomeAvani
8
NKLA Long from bottom of channelNKLA has had an interesting week as it sought to have shareholders vote for a dilution to raise the cash necessary to grow its business. The former CEO now convicted and awaiting sentencing as a major shareholder led the opposition and the vote for a dilution failed. Seemingly, NKLA will now seek capital through some other means. Earlier, it was awarded a grant of $24M by California to build out hydrogen station infrastructure along the interstate highways. On the 15-minute chart, the price is currently at the bottom of a slowly rising channel coinciding with the bottom of the Donchian channel indicator and two standard deviations below the mean anchored VWAP. I see this as a good entry point for targeting first the middle of the channel and secondarily the top of the channel. I will find an exact entry on a short time frame likely 1 or 3 minutes and expect to realize a profit of 12-13% potentially intraday. Without regard to the fundamentals of NKLA's financial health, given the extreme volatility, I believe that NKLA can be successfully traded long if the trade is entered when it is oversold and undervalued.
NASDAQ:NKLALong
by AwesomeAvani
1
WKHS breaks out LongWKHS, in a move similar to others in the same sector on a 15-minute chart shows that price has moved above and outside the Bolliger Bands about a basis line which inflected from down to up in the afternoon of the prior session. The MACD lines crossed underneath the histogram midday and have moved up impending a cross of the horizontal zero line all on a zero-lag indicator. The RSI indicator with an overlaid Ichimoku cloud shows a move up from 35 to 60 in the afternoon of the prior session. In yet another bullish sign, price is about to cross over the mean anchored VWAP. In a rather lackluster week in the general market, WKHS seems to be setting up with other EV stocks toward a good performance for the week.
NASDAQ:WKHSLong
by AwesomeAvani
MULN trading the volatility LongOn the 30 minute chart, MULN has pulled back from a brief uptrend. I see things suitable for an entry. I have added to the chart, the anchored VWAP lines serving as dynamic support and resistance. The mean VWAP will be my designated stop loss while lines one and two standard deviations above that are the first and second targets. Overall, the long trade is projecting a ROI of 27% compared with the stop loss of 11%. This trade could play out in only one day given MULN's volatility. The zero-lag MACD shows a line cross impending and confluent with the zero horizontal line. The relative volatility oscillator shows the magnitude of the shifts in that regard. From my perspective, no matter the fundamentals of the financial health of MULN, the volatility of the price action and technicals can be played long with high potential profit.
NASDAQ:MULNLong
by AwesomeAvani
WKHS reverses in sync with NKLAWKHS is in similar circumstances as NKLA in the potential for a delisting due to low share price. NKLA has been cleared and is a bit above $1.00 ( see my bullish bias idea) Here WKHS is below $1.00 but is apparently reversing. On the 30 minute chart, price is rising and is above various VWAPs anchored to the left at various points. The last trading day saw a price rise of over 8% Relative volatility has changed from red to green and is above the running average. The zero-lag MACD shows parallel lines rising above the histogram. The three in one indicator shows that money flow, RSI movement and momentum are all bullish. I see the setup as sufficient for potential profit given the risk. I will take a long trade here selecting an exact entry on a lower time frame chart. The stop loss will be just below the VWAP lines at $0.8335. ( A rising tide lifts all boats? - FSR FCEL PLUG AND NKLA are rising . so are TSLA and Ford- I love the buoyancy !)
NASDAQ:WKHSLong
by AwesomeAvani
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
ARVL Penny EV Stock Momentum from EarningsOn the 2H Chart ARVL is always been underneath the Ichimoku cloud. Since earnings this has changed. The earnings were nothing special. ARVL as a startup is still losing cash; it is priced on the potential of the future. ARVL is in the delivery truck and bus segment of the growing EV industry. It does not compete directly with TSLA. On the chart relative strengh also rose over its cloud going from 40 to 70. Notably it crossed above the Ichimoku cloud simultaneously with crossing over the POC line. Traders including myself watch for confluences to support bias and a trend. My feeler call option with 5 DTE trade was taken on Friday is up 228% over the weekend. I will now take ten more but extend the DTE to 6/2 I see this as a typical penny stock high reward high risk. This is like TSLA in its infancy. Also the higher it gets away from delisting risk the more momentum it might have. This compares well and perhaps better than LCID NKLA and PSR because it has a niche focus which protects it from the center of the competition with other EV stocks.
ALong
by AwesomeAvani
5
PSNY Polestar EV Startup Can it Rise from Bottom?PSNY ( Polestar) has dropped to its lows after an earnings report which shown it still has no cash flow but at least the losses are less than projected by the analysts. On the chart zoomed out, price is in megaphone pattern which demonstrates increasing volatility. Price is at the bottom support trendline and one standard deviation below the anchored VWAP. This suggests 15% upside in the immediate short term. Price action is starting to resemble that of Fisker (FSR) . I see this as a risky swing long trade as price tries to rise to the VWAP and POC line of the volume profile. ( PSNY is in better shape than NKLA and RIDE but not by a whole lot ) I would be very reluctant to make an investment in Polestar but happy to play the volatility for profit.
NASDAQ:PSNYLong
by AwesomeAvani
2
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
TSLA SHORT TSLA up trended well from a double bottom to close out 2022 to a head and shoulders pattern through February and is now in a downtrend. Within that downtrend, there have been some small pullbacks. The MACD indicator suggests with the lines crossing under the histogram, that a pullback will soon occur. I see this an opportunity to buy put options with mid-May expiration at a strike midway between current price and the retracement zone from the January up trend. Fundamentally, competition in China and maybe the USA with Lucid, continue to challenge Telse as does union efforts in the NY solar panel plant, the delays in Cybertruck and rising interest rates. Demand has been soft lately TSLA dropped its prices to stimulate interest and revenues could stall one way or another. This suggests the downtrend may maintain its momentum.
TShort
by AwesomeAvani
FISKER FSR Cup and Handle Short then LongFSR has formed the cup of the cup and handle pattern and is now starting the downturn formation of the handle. Price action should continue down to the 50% retracement of the uptrend of the cup. It should then reverse and trend upward to twice the height of the cup/ AO /MACD / RSI confirm the downtrend. I will target this with the $7.50 strike put options expiring 3/10 and then upon hitting the full retracement close than position and open $8.50 call options expiring 3/17. Overall, expecting 200-300% realized profit on the trades. Not at all a surprise but LCID / Lucid has the same pattern and so a similar idea.
F
by AwesomeAvani
TSLA - Triple Bottom then Flat Top TriangleTSLA has had a long down trend from macro factors including China , a recession as well as a unique situation tying it to Twitter and Musk liquidating large blocks of stock. From the technical side of things a recent triple bottom has evolved to a flat top triangle pattern. Both of these are bullish suggesting a reversal is real. The setup is for a breakout above the flat top ( black line drawn on the chart) I will add TSLA back to the waitlist and watch it also with a small position in leverged TSLL. Once it is above the breakout level of 124.75 call options with 2 weeks expiration strike of 130 will be entertained.
NASDAQ:TSLALong
by AwesomeAvani
5