Tesla - Remember, The Ponzi Always ContinuesSo, you've realized that Teslas aren't particularly great cars, EVs becoming a worldwide trend is a hoax, and that Elon Musk isn't any kind of very saintly very MAGA saviour of humanity during the end times.
And now that price is down a lot, we want to victory lap and short, because the public relations firms that are running the campaign needed to produce liquidity for banks and big money funds to buy told you to.
The problem with the short Tesla thesis right now is that Musk pledged a significant volume of his shares as collateral to get big money to finance his acquisition of Tweeter, (now known as Xeeeeeeeeeeeeeeeeeter), which by some accounts is worth some painful $15 billion compared to the $45 billion he (they) paid for it.
And so what this means is that there's been significant incentive to sell in the $250 range and buy back lower as a form of risk hedging, with the ultimate purpose of selling higher.
All for the sake of just making all the money without losing any of the money when Xeeeeeeter inevitably goes public in the future because Musk made it the manifest Western form of the Chinese Communist Party's social credit apparatus, WeChat, because Shanghai Gigafactory bro just loves the way the Party does things.
But the risk for bulls, and the economic system alike, is that "the best laid plans of mice and men oft go awry," which is to say that when it comes to gambling on Xi Jinping and his Chinese Communist Party, a fool is a fool.
One should oppose the CCP because it's responsible for the 24-year persecution against Falun Dafa's 100 million practitioners, and the campaign of live organ harvesting genocide that came with it.
Although that campaign was launched, and continued, at the hands of former Chairman Jiang Zemin, and Jiang is dead now, Xi is still the head of the Party, and the first thing you do when slaying a red dragon is sever its head.
Actually, the first thing you do when slaying a red dragon is sever its tail. Former Premier Li Keqiang, who was Xi's right hand man for a lot of years, recently died "of a heart attack," which is likely code for "was knocked down by Wuhan Pneumonia."
If the pandemic in Mainland China is killing the Xi Faction, the world has big time problems.
And it seems to me the recent conflict in Israel and the war that's being launched into Syria and Iran is probably to create a gateway to Mainland China, since Iran connects to Pakistan and Afghanistan, which are already U.S. controlled.
Everyone wants control of China and its 5,000 year history when the CCP finally falls.
So back to Tesla.
The logic is fairly simple.
Because 2023 started uppy, we expect 2023 to finish uppy. We do not expect things that start the beginning of the year on a moon mission to correct into the end of the year, because generally speaking the scam isn't played like that.
Which means that all dips are a dip to buy, and especially when we're finally printing prices under "$200," it's a dip to buy.
But the MMs are the most annoying of the most annoying people and like to run things to lows that are less comfortable. Shipping under $180 from $197 is a further loss of another 10%+, which means options expire worthless/devalue effectively, and everyone is a winner, winner, chicken dinner, except for you, who gets to finance happy hour, strippers, and cocaine at 1:31 p.m. on Halloween Tuesday.
Either way, it's worth expecting the May pivot to hold as a low, a higher low to form, and then we really do see the $320 parade into the end of 2023.
Ho, ho, ho, Happy Santa Rally.
Remember, the Ponzi always continues. By the time the ponzi stops continuing, all the bears will have long since been liquidated. The disaster sequence is when they take down bulltards who buy the dip, buy the dip, and buy the dip as it races towards zero.
And Tesla doesn't have that MULN-style landslide apocalypse pattern. That only happens when big bags are empty and nobody ever buys something again.
So all the price action is just shareholder printer selling.
Yet.
MULN
MULN long, possible short squeezeAll the reverse splits and now the recent purchase of Romeo power, markets.businessinsider.com
Me thinks price will go higher indicator shows a target of a dolla twenty !; and added to the descending/falling wedge it is likely for Muln to go up, if i am reading the chart intuitively.
/cheers!
"I like the stock!"
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.
FFIE an EV Sector Penny Stock LONGFFIE is part of the EV Sector but marches to its own drum and cadre of
investors and traders ( speculators). On the 15-minute chart the MACD
has signaled an entry with the green dot. Price is sitting on the support
of the intermediate term anchored mean VWAP lines. The low and high
time frame RS lines have bounced off the lows and are in good mid-range.
I will take a long trade with a stop loss at the pivot low immediately left.
I have targets of 10% and 20% as noted on the chart. I expect the first
target this week for half of the position and to carry the rest into next.
Can UCAR Power Up?UCAR a stock somehow involved in the EV sector showed its spikeability earlier this month
with a 280% run up and has since faded back to about 66% higher than the price before the
run up. The question is can it do the same thing again? Price is sitting on the support of the
POC line of the volume protile while the RSI just crossed 50 a threshold of sorts for bullish
momentum. The MACD is slowly working its way into that momentum with the K/D lines heading
towards a cross of the horizontal zero. The relative volume indicator shows that during the
price spike mentioned above volume spiked as well. Volume is presently low. I will watch this
stock with an alert for volume above the running mean of 10 days. That way I may get an early
heads up of possible impending price spiking action.
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.
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.
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.
Would you buy this?With a Market Cap of only $63.717 Mil, Mullen Automotive seems ridiculously cheap at the price of $0.26 per share.
But what I have learned over time is that penny stocks are often priced low for a reason: because they deserve it! And usually, it is the management team's fault.
Will it be able to make a solid pump or a short squeeze before another share dilution or a reverse stock split?
Looking forward to read your opinion about it!
FFIE EV Penny Stock LONGFFIE is an EV pneey stock below $ 1.00 and so has delisting risk.
The 30 minute chart shows the rationale for the long trade with 300% upside.
The risk here is of a delisting which would send FFIE into the OTC market
where it could explode. This penny stock trades millions of shares per day
and trading volume has heavily increased as the price goes lower.
Given the volatility a stop loss of 20 % at $.20 is needed or even the
swing low at $.15. However, the upside technically is the 300% to get
to the YTD swing high. I believe that it could go even higher if a delisting
occurs. A reverse stock split would be a further catalyst for FFIE.
AS a basic high risk high reward scenario, I will take along position
and what will be will be.
FFIE-- EV Penny Stock on NASDAQ longs to go higherFFIE is the past several trading sessions had a 60% uptrend over 3 days followed by a 50%
standard Fibonnaci retracement. FFIE may be getting sympathy interest from the surge of TSLA.
The relative volatility indicator shows the spikes of volatility associated with the price
movement. FFIE is sitting midway between supply and demand zones. I will watch it for
a resurgence of the uptrend knowing that it may be dramatic but quick. I see this as an
excellent opportunity to daytrade a volatile penny stock for a quick significant reward. I am
assured in the long setup by the zero-lag MACD showing a line cross under the histogram
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.
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.
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.
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.
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.