Went long $FUV this morning off bounce at 20MAThis played out nicely. Now looking to break out of wedge. First target $15.
FYI: Also went long $SOLO for same reason. Nice gains today, though not as big as this.
SOLO
SOLO Analysis SOLO Multi Time Frame Analysis #TradeIdea
Bullish Over: 8.97
Price Target: 12.01
Stop: 7.85
Contract: 12/18 10c
SOLO Fib Retracement for a great buy OPP! Looking to capitalize on the EV market pullback this morning with a SOLO buy zone placed last week. Hoping this wick to the 78.6 was the one!
$KNDI 4 Resistance levels to go YOLO this timeThis one has been my beigest gain after $NIO, THE VOLUME is increasing by a lot. people is rushing to buy into this.
NASDAQ:KNDI
FCEL heading to the $10 range before a possibly massive breakoutsorry for my late post, meant to release on the weekend
$FCEL movements were tracked and compared to other EV/alternative energy movers last week and was identified as a potential +100% short-medium term gainer
plan accordingly.
EV stocks hype -BUT not enough focus on the Charging side!
So we are looking at an overdue EV full force entry in the market - seems like every day we have a new reverse merger with a SPAC company to IPO another EV maker we never heard of ....but the main focus is missed by many investors - Charging stations and Battery makers.
Here we will discuss the two companies currently in the lead of the EV charging race.
First we have Charge Point -established in 2007 and currently owns 73% of market share of EV charging ! that’s big ! imagine Gas stations 70 years ago, estimations are we are looking at a 25 Billion $ market size by 2025.
Their CEO of Charge Point expects over 190 Billion by 2030, and to stay the biggest player in the EV charging game.
Charge Point currently has over 80 million charging systems and hundreds of thousands of users, and a very user friendly in house app that helps the user locate the nearest charging station near him.
The acquisition of SBE on Charge point will be finalized in the next few weeks, SBE stock already made a tremendous jump the last 2 weeks, nearly DOUBLING the value.
Lets look at the Technical:
Stock broke resistance level on the 9th of sept and in less than 2 weeks nearly doubled its value from -15$ to28.6- major rally up.
Both RSI and Stoch are showing us overbought along with a huge rise in market cap but if investors have 2% of common sense i would expect a stock that holds 3/4 of the EV charging market in the US to keep rallying and pass most EV makers by a mile.
The second stock on the chart and the one that gets most of the attention is Blink Charging.
Founded in 1998 and reported revenue growth of 84% to $3.8 Million in the last 9 month, and sold about 700 charging units its seems Blink is on FIRE!
After browsing in their products catalog I was officially impressed, their products are well branded easy to use and very intelligent – they even sell a mobile emergency charger that can be stored in your trunk!
The other good news is Apple announced they will add Blink chargers on apple maps and allow the driver to easily locate a suitable charging system to his vehicle nearby.
One thing we should remember about blink is the big drop the stock experienced in august, following the analyst Culper’s Research which claimed company had less than 2.5k chargers and not 15k as they initially claimed.
With much less market cap the Charge point buy more years in the game and better known brand it seems as Blink will definitely fight charge point for the massive market share that is expected to be 14% of the total market value in the USA.
Blink Technical overview:
So very similar to SBE the jump Blink did is purely massive! RSI and Stoch are over bought - RSI candles through the whole rise showing us there is a lot of volume and drive behind this rise -but I am stating the obvious.
Blink stock couldn’t break through the 11$ line till the 16th of Nov and from there gave a +230% rise - expect a correction but I wouldn’t expect it now, as the EV market is still rallying massively. if analyzing the impulse wave the stock is experiencing at the moment, I would say this stock will rally all the way to 30$ mark and from there will give a 2-3$ correction before going further
one thing is sure -the EV charging market is huge and must be seen as one of the biggest opportunities we as investors are experiencing and shouldn’t be missed !
if you would like me to cover another EV charging stock please send in comments
Trade safe and invest smart!
solo will trend up to $14solo will begin a move up to $14, try planning accordingly
following in $KNDI footsteps
SOLO - a 3 wheels fully electric and coming for NIO! So electrameccanica company has been here for a longggg time but not many people knew about it till today -what’s the story with the EV brand new MR bean compact looking car?
at 18.5k for a brand new full electric car with a 80 MPH per hour speed and battery of 17.3 kWh and most importantly so small you can park it anywhere.
remember the price is a key to reach consumers here and that is a part of the NIO craze !
so yeah it does kind of look funny but its very practical for urban city life and the company behind it actually knows very well what they are doing - this is why i believe SOLO is going to rock the EV market and push aside some older known brands.
the company has been around since 1959 in Italy by the founder Frank Reisner - a great car engineer but not a great business man in my eyes, he has made over 10 different car models and won several awards but never really got the company to the next level.
in 2016 the company built SOLO model as electric formula one race car and entered the NASDAQ at 2018.
Today the car is still unknown on most parts -never saw one in real life but this to me is the solution of "Smart" car combined with "Abarth" on the electric version and I believe that in this price and the current vast marketing budget the company is using the stock is way undervalued.
LET’S TALK TECHNICAL:
So the stock was trading below 3 broke out on fundamentals to 3.33 on the EV craze and haven’t looked back since.
New higher high of 3.92 on November 9th and there started a strong impulse wave that is not healthy for a stock with no substantial earnings yet- jumped to 4.97 and gave a gap to 5.28 - remember GAP MUST BE FILLED and that means stock will go back to "review" that price at some point.
from 5.27 to almost 8$ in 4 hours with a retracement to 6.43 and all based only on investors hype for EV market at the moment - which I am sure stock will revisit very soon when Biden gives his nomination speech.
we are currently in the end of a corrective wave and stock is expected to climb up to 6.5$ and give us one more correction to fill in the gap at 5$ and from there I really think stock will surge all the way to Q1 earnings in 2021 where they are expected to show some profits on paper.
As per now I am a strong buy and big believer in this stock and m=company behind it unlike many other new EV stocks popping out every day – these guys have been around for a long time and they have a finished product in their hands to show for.
Similarities between Xpeng and SOLO - just thought its worth mentioning the waves identical movements between the two:
Trade Safe and beware of the Hype – bubbles are meant to burst !
Leeroy
SOLO short term trend line bounce I’m looking for solo to retest its short term trend line I have marked for long plays
$NIO Citron SHORT REPORT Citron released a short report on NIO, this is the same people that made NKLA go from $40 to $20. Their price target on NIO is $25 which is very possible considering they rallied north of 1000% this year. I am holding Nov 27 puts, earnings on Tuesday.
SOLO Looking to Boom? (> 86% Potential Profits)Hello fellow traders,
Today we are looking at the daily time frame for Electra Meccanica (SOLO) on the NASDAQ. As we cab see on the chart, prices rallied almost 500% to peak at around $6.00. Since then, as expected, there has been a massive correction back down to the $2.34 level. The chart has printed a bullish falling wedge pattern.
We now see that a double bottom has played out and prices have bounced off of several EMAs. We have prices trading above all EMAs, RSI above 50, and the MACD giving a bullish cross and moving up. These are all bullish. We can also see that there is some resistance here around $3.74 (0.382 Fib level), but this is expected at each Fib level, and I believe this is just further consolidation before the jump.
It is difficult to give an entry range right now, as we need to see where prices move from here first. As you can see, I have split my entries at $2.71, $3.00, and $3.29 (green lines), but I am looking to increase my position if prices continue moving upward.
Potential short-mid-term targets are at $4.58 (+24%) and $6.00 (+62%). A longer-term target at the 1.0 Fib level would be at $6.77 (+86%). If the high is broken, however, prices could move up to the 1.618 Fib level around $8.30 (+125%). Keep your eyes on this one, as it could be a huge opportunity for a long position.
Let me know your own thoughts and comments down below. Remember to like the post if you enjoyed and check out my profile for more stock and cryptocurrency trading ideas.
Price at writing: $3.62
Earnings did not beat, but where to buy $KNDI now?Don't let a temporary pullback scare you away, because in the blink of an eye youll be chasing. I am looking for the bottom support of 5.15 to get retested if we continue downtrend. After a bounce there I will be entering $7-$8 dollar calls for Mar.19 2021. If we do not break 6 due to the insider buying news, then now would be a good reentry long. WE cannot predict then entire market but smaller caps usually are not as volatile.
SOLO looking for new heightsI think SOLO, is in a recovery mode, looking to take out its ATH. Perhaps as a starter it maybe will hit $4.5. Let's see how it will go.
$NKLA has earnings monday. What to expect!Asking ourselves "what value could NKLA bring to the ER" the answer is probably nothing substantial. The expextaions are low, so if they have made any improvements over the last few months perhaps we could see a break past resistance, BUT i doubt that. We are up against a major resistance and the only thing I believe that could save it is a the announcement of the GM deal. The chart is set up for some serious downside and ill be signaling in my chatroom. This could present the perfect straddle opportunity.
What is a Bullflag $NIO Finding patterns in real time is an essential. This is a bullflag on $NIO that I signaled yesterday, but this was a perfect opportunity to add on this bullflag. Especially if you are scalping. We took $LI $NIO $KNDI long last week an added to strength. Study those patterns and learn to identify them in real time. We do 1 on 1s with our students and this is one of the main points we push...be active! happy trading!
3rd Time's A Charm For SOLO? NIO Upgrade SympathyLast time we saw SOLO push this hard to the upside was during the first big run in the summer. No news today, obvious speculation on when they'll announce the final facility location. But they have planned that for November based on the last PR. Anyway, great momo today on sympathy from NIO's big upgrade and $40 price target. I also don't see many other EV penny stocks aside from SOLO and maybe AYRO that have some beefiness to them. The few remaining are relatively baseless and just have an idea in my opinion. We'll have to see if this $3.20 resistance continues acting as such. Also worth noting that the current 50 DMA sits at $3.16, another potential point of focus.
"While it’s still early in the game, SOLO stock has built a cult-like following over the last few months. Shares were trading around $1.36 when we first began covering the company in June. Seeing how far it’s come shows the high expectations of the market right now in my opinion. It’s also worth mentioning that SOLO stock also traded as high as $6 during the early stages of this bull run in 2020."
Original Quote Source: Looking For Hot Auto & EV Penny Stocks To Buy Today? 3 To Know
