XPEV
Short-Term Sentiment Bearish, Needs to Retest $38.I will be shorting $NIO for the next 2-3 weeks starting Monday morning. Current momentum and sentiment are very bearish in the short term, so a retest to $38 seems inevitable. If $NIO cannot hold $38, we can start to see the low 30s, but hopefully not much lower than that as I do like this company for the long term. In terms of technicals, there is a head and shoulders pattern forming + daily and especially weekly RSI is oversold.
However, whatever happens in the next few weeks I believe it will simply be a continuation of a healthy pullback. The stock has run up over 1650% in the past year alone, aided by China-US tensions, and rumors of delisting of many Chinese companies from NYSE. A sell-off was to be expected.
The one thing that I am mainly concerned with is that NIO is getting audited by PWC's Chinese sector. Also, the majority of analysts covering $NIO is from every big bank's Chinese sector. This can be very deceptive to retail investors. So all I ask is for everyone to be extremely cautious.
Long term, my gut tells me this will all pass, however, I will be extremely cautious and be on the constant lookout for any potential fraud in the company.
XPeng Announces Vehicle Delivery Results for October 2020XPeng Announces Vehicle Delivery Results for October 2020:
• XPeng delivered 3,040 vehicles in October 2020, a 229% increase year-over-year
• XPeng delivered 17,117 vehicles year-to-date 2020, a 64% increase year-over-year
• XPeng delivered a total of 3,040 Smart EVs in October 2020, consisting of 2,104 P7s, the Company’s smart sports sedan, and 936 G3s, its smart compact SUV. The Company’s October deliveries represented a 229% increase year-over-year.
• As of October 31, 2020, year-to-date deliveries of the Company’s Smart EVs reached 17,117 units, representing a 64% increase year-over-year.
• Despite China’s Golden Week holiday in early October which affected deliveries, the Company sees strong business momentum supported by fast production ramp up and robust demand for its Smart EVs.
• It achieved a new milestone this month, completing the production of 10,000 P7s on October 20, 2020, just 160 days after starting mass production in late May.
finance.yahoo.com
XPEV AnalysisCongratulations to people who bought XPEV share, enjoy your 169% PROFIT that you made less than a month!!
As of now, there are still 2 buy signals present but the candles has reached at my resistance level (72.28), so it may be a good time to take profit.
If you take profit, keep watching for Engineeringrobo's candles, if the candles open-close above resistance level, you can buy again.
Or, you can wait for EngineeringRobo's sell signals to be present and sell.
Also, if you haven't bought XPEV share, you can buy when the candles open close above my resistance level (72.28) for 1D.
NIO possible pullback?NIO currently in its second upward channel; EV been booming so hard, its bound for a pullback soon enough especially the chinese EV stocks (nio, xpev, li etc.). I could possibly see NIO breaking below this channel its in with three possible supports around 49.4, 45 and 40 (even though its still madly overvalued here, there was a lot of buying pressure at 40 so i dont think itll go below that if anything), but hey let me know what u think cause for all i know with how crazy EV has been it could very well just keep going lol
INOV should bounce here $25?!Here is another one that looks pretty clear. Needs to close that gap should head higher. GL
XPEV vs BMWI wrote this article because there are a lot of people asking me if it is too late to buy Xpev.
I am not a financial adviser, so you do the finance comparing Xpev with BMW and write me if it is a good buying opportunity or a speculative bubble.
I was also the guy who told you about the chance of buying Xpev at 20usd:
The indicators are still bullish, by the way.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Electric Vehicle Company Canoo 421M Market CapCanoo has announced a merger agreement with Hennessy Capital Acquisition Corp. IV (HCAC), a special purpose acquisition company (SPAC), that would result in Canoo becoming a publicly listed company.
Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team – numbering over 300 employees from leading technology and automotive companies. (prnewswire.com)
The indicators are looking bullish on every timeframe, the market cap is very low and the company looks promising.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
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
HYLN Long My next long hold is HYLN. I was lucky enough to get in on a cost basis of $22/share. I loved HYLN when it was $50’s back when it was still known as SHLL. I’m not quite sure of the reason why there was such a big sell off - I do know that post-merger, SHLL did not have the 180 day lock out period that most SPACs have.
I personally believe that HYLN is providing a real world, practical solution to one of the biggest challenges facing the world - EV Semi trucks.
I’m looking at the end of Aug 3 to Aug 13 2020 of the consolidation phase after the initial pop. I see the Bollinger Bands squeezing which led to the outbreak up to the high 50’s, and I see something similar forming at the moment. Also looking at the Doji that was present before the initial run, that we also saw about 2 weeks ago (October 28 2020). The last time we saw the price break the 20 day MA on the Bollinger Bands was also during that initial run, which we also broke this last week. MACD also gave us confirmation for a buy signal shortly after the Doji on Oct 28 as well.
IF we can break 28, I think there is a good chance we will see the 40’s very quickly based off the volume shelf. I don’t see historically very much volume in between 28 to 40, which leads me to believe we have a good chance of pumping.
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
XPEV 30% breakout!XPEV broke out today, hitting $45 at a 32% breakout. We have been watching this stock since it was around $17, buying in at $19. There will be a profit taking coming up, and if you are not in this stock yet, there is a GAP trade to play that may work out for you.
$33.45 was where the stock closed, before opening well above the closing price, creating a big gap. Because the stock is in price discovery, it will be very volatile, and should be able to return to gap. However, IPOs are unpredictable at best, and we can never be too sure. Wait for reversal to play out, then see if gap trade is still tangible.