Here’s what could happen with PSNY if we overlay the chart with Here’s what could happen with PSNY if we overlay the chart with AMD... this is just an archive over time that I’m posting here... just for science and remembrance... LOL. I’ll post a more serious strategy later...Longby Maximus20000Published 3
PSNY - Adjusting the short-term vision onlyThe stock closed last week with a clear reversal candle, showing weakness in the technical indicators after achieving 95% of the target for the current first wave. We expect the stock to aim for a deep correction in wave 2 or a , and if it holds above the 61% Fibonacci level around the 1.10 - 1.00 area, it will continue its bullish wave in the medium term. In the short term, there is a shift towards a bearish outlook, while positivity remains on the medium-term horizon, Hence, we see the current rebound as an opportunity to close speculative positions, while maintaining investment positions unchanged. by Fares-egyPublished 113
Polestar…..some numbersHaving posted a review on Polestar recently the price has increased so l thought I’d share some numbers to put this in context. Company. Market cap $ billion. Revenue $ billion Rivian. 13.30 4.43 Lucid. 8.74. 0.595 Polestar 3.47. 2.37. These numbers obviously don’t tell the full story but on the face of it make Polestar look like a bargain compared to the other two companies. Having just refreshed and improved the model 2 and just launched their model 3&4, revenue is bound to increase. All of their new models have received very positive reviews from the motoring press from the research that I have done. A big problem that has now gone away is that the company had received a non-compliance notice from the Nasdaq as the share price was under $1.00. Effectively had it remained under that price they would have been kicked out of the Nasdaq. Daily rsi is in overbought territory at 75.52 so it may pull back from here, who knows Cantor Fitzgerald has a $3.00 price target. I think the price will go higher in the months and years ahead by RIckAshbyPublished 551
PSNY - Buying Power and BreakoutsPolestar (PSNY) has faced significant financial challenges, with a continuous need to raise funds in recent periods, which led to its equity reaching negative values before securing new financing in September 2024. This funding deal helped restore some investor confidence, but the company remains in a high-risk phase. Polestar's stock has been trading in a downward trend over the medium term, though analysts have noted the formation of a positive technical pattern that helped the stock reach certain targets. Despite this, there has been notable buying activity and improvement in technical indicators. Based on this, the stock is expected to target the strong resistance zone between $2 and $2.15. A temporary profit-taking phase may follow, after which the stock could test the upper bound of its price channel, with the potential to reach levels between $2.60 and $2.80. It might even aim for the key resistance level at $3.10 to $3.20. The stock should be closely watched at these levels, as they could represent a strong opportunity to close open positions, given the continued selling pressure in the long term. If clear bullish waves emerge in the current movement, this could build confidence in a full trend reversal.by Fares-egyPublished 5
Rapid share price recovery Polestars share price has been on a tear for the past month, rising from under a dollar to $1.60 as l write with the pre market indicating further gains today. The company has started to produce their cars in S.Korea and the USA so will not be subject to European and US tariffs, with an increasing lineup of new models coming out soon I think the company will be a huge winner in the coming years. The company has consistently delivered on their promises over the past few years and although still loss making have the security of being owned by Chinese auto giant Geely. Stunning high quality cars that in my opinion leave Tesla’s dated design way behind. Difficult to find an entry point as the share price has increased rapidly over the past month so May pull back in the short term. Cantor Fitzgerald has a $3.00 price target. Long term buy with huge potential.by RIckAshbyPublished 443
PSNY - For Shareholders OnlyThe stock is facing financial difficulties. There might be news we are unaware of, but technically, it is attempting to form a positive double-bottom pattern for a rebound. However, due to the company's poor financial situation, we do not recommend this stock. by Fares-egyPublished 996
PSNY, it's happening again... 4h resistance... breakout or ... ?Polestar, let's go, come on, you can do it... break through this resistanceLongby Maximus20000Published 2
PSNY - Polestar Automotive UK: $1.00 target!Trading at 92.9% below our estimate of its fair value Revenue is forecast to grow 37.57% per year Highly volatile share price over the past 3 months Negative shareholders equity Has less than 1 year of cash runway Currently unprofitable and not forecast to become profitable over the next 3 yearsLongby Maximus20000Published 3
Psny over dollarAt green top sell 30 to 50%. If it passes green I will use chandelier indicator which I have not used yet. I will add it when I have time. This is based on another person's technique. Do not trade this just sharing this with some friends.by samman13Published 111
$PSNY Looks Promising! STRONG BUY - CFRA UPGRADE TARGET $2.OOOSun is Shining.... I don't know about $2.000, but I know that in one day It had grown a lot. Polestar 3 SUV just is being delivered. A High Class E Car! Swedish, so it can be that BAD! Let's Go Little High Class Tesla Longby TraderMentorXPublished 8
$PSNY it's not TESLA but...It looks like an good investment. Cars look good and once the electronic parts are better. it will Fly. Its from Sweden, so they wont sleep till they have superior quality! Longby TraderMentorXPublished 334
$PSNY it's not TESLA but...It looks like an good investment. Cars look good and once the electronic parts are better. it will Fly. Its from Sweden, so they wont sleep till they have superior quality! Longby TraderMentorXPublished 3
Riding PSNY to top of channel. Maybe the nightmare for PSNY bag holders is finally over? Thesis is original DTL from 2022 provides the support/ catalyst to run up to top of channel, and who knows, maybe even breakthrough? Stops are below lows, and long entry is 81 cents when a higher high on 15 min TF is breached. Longby ShagoyevPublished 3
Worldwide misunderstanding for Polestar 😄Trading at 87.5% below our estimate of its fair value Revenue is forecast to grow 35.64% per year Trading at good value compared to peers and industry Risk: Negative shareholders equity Has less than 1 year of cash runway Currently unprofitable and not forecast to become profitable over the next 3 years Volatile share price over the past 3 months Polestar has tried everything. Collaboration with Renault to "sublet" production plants (future plant in South Korea). Breakaway from Volvo. Lower prices for Polestar 3 and 4 cars. But nothing worked. The stock continues to sleep, brain-dead. The shorts keep piling up, day after day after day... As a huge investor in this stock, I myself look away. I start buying a China ETF, Porsche, European stocks like Nestlé or Swatch or Zalando or Kering... no one in my entourage can hear about Polestar anymore hahaLongby Maximus20000Published 337
Polestar | Bullish Engulfing Pattern Signals Potential ReversalThe provided candlestick chart shows a promising bullish engulfing pattern in the last two candlesticks. This pattern is a strong indicator of a potential reversal from the recent downtrend, signaling that buyers are stepping back into the market with vigor. Given that the stock was recently trading at its lowest point of $1.6 and has now rebounded to $2.05, this bullish engulfing pattern could be an early sign of sustained upward momentum. Option 1: The stock may follow the steps outlined on the chart (1,2,3,4,5), indicating a gradual and steady rise after overcoming the initial resistance. Option 2: There’s a possibility that the stock might skip step 2 and break through the resistance immediately due to strong buying pressure. Option 3: If support is broken, we could witness a continuation of the downtrend. Investors should keep an eye on key support levels to mitigate risks. Please note that this is not a financial advice and it’s important to do your own research before making any investment decisions. News: NASDAQ:PSNY continues its close collaboration with NASDAQ:GOOGL at CES 2024 in Las Vegas. The latest innovations for cars equipped with NASDAQ:GOOGL integration are about to be implemented on NASDAQ:PSNY models, introducing new features also available on Polestar 2. These innovations are currently on display at Google’s Android booth at CES, with particular reference to Polestar 3. techgameworld.comLongby ericsocratUpdated 2215
PSNY: Buy signal again. but you'll have to wait for the closingSqueeze intraday following the announcement of new secured financingLongby Maximus20000Published 114
PSNY Potential bullish rideReasons for bullish bias: - Falling wedge with prominent bullish divergence - Safe entry at breakout of LH for confirmation - Targets till projection Entry Level(Buy stop): 2.71 Stop Loss Level: 1.48 Take Profit Level 1: 3.94 Take Profit Level 2: 5.17 Take Profit Level 3: 6.4Longby TradeWithParasUpdated 6
PSNY forming falling wedgeReasons for bullish bias: - Falling wedge with prominent bullish divergence - Safe entry at breakout of LH for confirmation - Targets till projection Entry Level(Buy Stop): 2.39 Stop Loss Level: 1.21 Take Profit Level 1: 3.57 Take Profit Level 2: 4.75 Take Profit Level 3: 5.93 Take Profit Level 4: OpenLongby TradeWithParasPublished 2
PSNY Buy Signal with my Strategy on this bounceTwitter, YouTube, and analysts will start talking about NASDAQ:PSNY when the stock has increased by +100%... a daily buy signal has just appeared... but we are waiting for today's closing to confirm the signal... 🙈🙊💎🙌⚡️❄️💫🚀Longby Maximus20000Published 3
Polestar PSNY: Buy the bottom of the bottom of the bottom.Buy the bottom of the bottom of the bottom. It's the only chance to catch the lowest point in Polestar's history. The purple trendline originates from the lowest points when the volume was at its highest, attempting to force the capitulation of all retail investors and a few hedge funds. If I weren't already fully invested in this stock, it's exactly at the points of the two orange arrows that I would buy in the most aggressive manner possible. At the point between the orange arrows and the purple trendline! And if this support doesn't hold? Don't worry... the stock will collapse like you've never seen before... so, since you're already in a tough spot, might as well give it a shot, haha!Longby Maximus20000Published 114
Very bad news... If I wanted to be as pessimistic as possible..."Swedish EV maker Polestar misses target for 2023 deliveries" Polestar has not reached its delivery target for 2023. The brand delivered around 54,600 electric cars worldwide last year, falling short of the annual target, which was recently lowered to 60,000 electric cars. -40% is the drop that NASDAQ:PSNY experienced during the previous earnings announcement... Appointment in 22 days... Stock market is absurd... indices are soaring to the sky in orbit.. and the EV sector is collapsing like a house of cards. By the way, Volvo is accelerating its descent into a downward spiral... someone is likely to be fired if this continues. Stocks are plummeting after Polestar missed its annual sales target, and Volvo is temporarily halting production in Belgium due to the situation in the Red Sea. Geely trims its stake in Volvo Trucks, redeeming bondholders with shares worth over 7 billion SEK ($911 million), reducing ownership from 8.2% to 6.8%. The move aligns with Geely's communicated strategy, emphasizing a strategic, long-term investment in Volvo. This follows Geely's divestment in Daimler Truck Holding last year, sparking speculation about its influence at Volvo. Despite changes, Geely maintains a steady presence in the automotive landscape. Shortby Maximus20000Published 2
$PSNY Here we go... the stock is about to hit its all-time lowEarnings coming, Polestar 4 on the horizon, and then Polestar 3... 💎 🙌 The stock held the historical support... are we going to witness the same scenario as in May-June 2023? A rebound of +40%? Or has the electric bubble burst, and the stock is heading towards 1.80-1.70? The new strategy displayed on the screen has evidently triggered a short position at 2.11 and is currently in a short position. Will there be a profit-taking by short sellers and a rebound? We will see. By the way, each rectangle represents areas that are crossed quickly and effortlessly...by Maximus20000Published 111
In my opinion, long-term short sellers should have closed their NASDAQ:PSNY is attempting to break the descending trendline. Positive divergence with RSI or MACD is a good sign... When $3.20 When $4.00 ?????Longby Maximus20000Published 334