Correlation study of EV makers!When I compare the EV maker stocks, I noticed 2 companies have different behavior in comparison to others and interestingly the have positive correlation to each other while having negative correlation with other EV makers!
These two companies are Fisker (FSR) and Canoo (GOEV). While most EV makers experienced more than 30% price correction in the last 3 weeks, FSR (28.50) is almost 90% above the last 3 weeks close(15.40)!
The important point is everything happens 2-4 weeks sooner in FSR in comparison to Canoo (GOEV). 2-4 wks delayed time cycle!
We should wait and see if such a move is going to happen in GOEV as well, or it is going to follow the EV makers group!
FSR
25 stocks portfolio of 8-12 February 2021 review The roller coaster trading week finished and my recommended portfolio gained 6.66%(volume-weighted). For the 5th week in row I beat all major indexes ( S&P 500: 1.23%, NASDAQ: 1.50%, Dow Jones: 1%and ARKK: 4.76%managed ETF(Cathie Wood). So far in the last 5 weeks, compound return of my portfolios was 64.41% and these portfolios experienced 3 negative days in 24 trading days(- 0.29%, -0.74%, and -0.76%) and 87.5% positive days.
Let’s check stocks performance:
1- AAPL@ 136.76 -135.37(-1.02%)
2- CRSP @ 168.81- 161.05(-4.60%)
3- CSCW @ 0.9759 - 1.15 (17.84%)
4- EBON @ 5.83 - 6.69 (14.75%)
5- EYES @ 2.45 -2.50 (2.04%)
6- FB @ 268.10 - 270.50(0.90%)
7- FSR @ 14.99 - 18.99 (26.68%)
8- GNUS @ 1.88 - 2.01 (6.91%)
9- GOEV @ 17.63 - 16.68(-5.39%)
10- MRIN @ 2.78 - 2.52(-9.35%)
11- PAYS @ 5.16 -5.22(1.16%)
12- PFE @ 34.92 -34.72(-0.57%)
13- PLTR @ 34. 05 - 31.91(-6.28%)
14- PRQR @ 5 - 5.11 (2.20%)
15- PSTI @ 6.78 -7.86(15.93%)
16- SIOX @ 3. 01 - 3.31 (9.97%)
17- SOLO @ 8.69 - 7.94 (-8.36)
18- STAF @ 1.11 - 1.16 (4.50%)
19- THMO @ 3.27 - 3.86(18.04%)
20- TLGT @ 1.02 - 1.20(17.65%)
21- TWTR @ 56.78 71.90(26.63%)
22- VLDR @ 23.25 -23.22(-0.13%)
23- VRM @ 46.71 -50.93(9.03%)
24- WISA @ 3.70 -4.17(12.70%)
25- WORX @ 2.27 -2.62(15.42%)
17 stocks out of 25 finished the week positively,( 68%)
9 stocks out of 25 experienced double digit return in a week!(36%)!
And for the the first time next week portfolio of 25 stocks published 30 minutes before the market end.
For further information please check my profile on TradingView and signature part below the post.🙏🙏🙏
FSR just separated from the EV crowdA new story has just begun for FSR, this doesn’t apply to other EV makers!
Potential gain:+70%
Reward/Risk:5
Timeframe: 4-12 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
FSR: Solid Technical Play on Breakout From ConsildationFSR has been consolidating since early december between 14-16 range along with forming a downtrend line since it's highs in late November. Stock is gapping up pre market breaking through that $17 resistance level on Morgan Stanley launching coverage with a $27 price target. I am targeting that same level as a profit taking spot for this trade. This is a something where I am going into it as a trade, but I could see it turning into an investment for me. EVs are the future, but there is far too much froth in the market and not all these EVs will make it.
My recommended portfolio of 25 stocks for 16-19 Feb 2021My weekly portfolios in the last 5 week have beaten all major indexes and ARKK returns!
They made 64.14% compound return in 5 weeks..!
Let’s take a look at the next week portfolio to beat the market:
(put your orders +/- 1% change of weekly close)
1-AAPL
2-AQB
3- BTCS
4-CRSP
5- DB
6- DSS
7- FB
8- FDX
9- GNUS
10- HCDI
11-GOEV
12- HYLN
13- NGD
14-NVDA
15-PFE
16- QCOM
17- SDC
18- SNOW
19-TLGT
20- TSLA
21- VLDR
22- WRAP
23-X
24- FSM
25- FSR
( If your platform doesn’t let you trade a ticker: a good substitute would be MRVL)
Please consider these bullet points
* My recommendation for investing in the list is to invest equal amount of capital
* in each stock( make a pie/ volume-weighted).
* Try not to deviate more than 20% from the list.
* Changes in portfolio will be made on Friday/Monday trading section.
* stay tuned for real-time update during the week!
There will be always some degree of risk in trading, please do your diligent work before making any decisions to trade or invest
I will keep eyes on Apple call option for perfect entry point this week..!
Wish you endless profits
Moshkelgosha(Sniper Trader)
50% gain opportunity..!Potential gain:50%
Reward/Risk:+6
Timeframe: 2-4 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
Don't forget to like, comment, and Follow to encourage me to continue this.
You can send TradingView coins to support me publishing high quality ideas..!
Stay tuned great live stream and quality content videos coming soon..!
I would appreciate if you share my analysis on your own social media with your friends and beloved ones.
Fisker accelerate once more..?Potential gain:40%
Reward/Risk:4
Timeframe: 1-4 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
Don't forget to like, comment, and Follow to encourage me to continue this.
You can send TradingView coins to support me publishing high quality ideas..!
Stay tuned great live stream and quality content videos coming soon..!
I would appreciate if you share my analysis on your own social media with your friends and beloved ones.
FISKER may be a BUYFISKER $FSR broke out of its consolidation triangle above a strong support line around $14.50. If today's candle closes above the resistance line of the triangle, we have started a new rally that can take $FSR to new highs. Note the resistance lines on the way to new highs.
$FSR - Fisker Potential SupportI like the 3 touches around 14.55
Looks like the strongest support we've had since reaching AH
Regardless if it holds, I'm confident we'll see new AH by end of Q1
approaching strong support, potential rebound Please note: I'm just sharing my view. its not a recommendation for buying or selling
Two $FSR opportunities same chartThis is what I meant when I say anticipate your opponent.
This chart shows two opposite opportunities. Technically speaking it has a descending triangle which is a bearish pattern. However, as you may notice when price is at $14.50-15.50 range it tends to stall and play around that area. There is better R:R for the long opportunity. For a stock position, waiting on this one and letting price action decide which opportunity to take.
$FSR Bullish Wedge Forming On The 1 Day 1 Year Chart$FSR Bullish Wedge Forming On The 1 Day 1 Year Chart. Possible further downward momentum prior to the next leg up.
Fisker $FSR - investment idea 💡 This entry and SL is based on my technical analysis only.
Do your research and trade on your own risk!
$FSR Bullish Pivot. Uptrend ConfirmationOn December 02, 2020 Fisker retraced down exactly as expected nearly to the penny! On December 04, 2020 $FSR confirmed reversal uptrend and is now on a bullish uptrend in new trend channel.
$FSR Bullish pennant forming$FSR Bullish pennant forming. We will likely see an upward breakout this week and held retest the resistance near $18.