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Polestar Automotive Holding UK LimitedPolestar Automotive Holding UK LimitedPolestar Automotive Holding UK Limited

Polestar Automotive Holding UK Limited

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PSNY trade ideas

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!
NASDAQ:PSNYLong
by Maximus20000
1
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.
NASDAQ:PSNYShort
by Maximus20000
$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...
NASDAQ:PSNY
by Maximus20000
1
PSNY Don't be too bearish at this levelPerhaps I am completely naive, almost certainly, lol... in my opinion, a bullish movement is about to happen soon. To at least attempt to reach the resistance at $3.19. Surely the short sellers will take new positions. Each phase of bullish consolidation or distribution (depending on our perspective) has lasted about 90-95 days. But for me, we are currently in a massive "bullish" pattern that will try to break to the upside... Worst scenario? Or perhaps, the stock will lose steam, doze off, and slowly fade away over the next 12-18 months...
NASDAQ:PSNYLong
by Maximus20000
PSNY: First buy signal. With Supertrend Indicator1. First buy signal with supertrend indicator 2. Gap to fill around $3.00 to $3.12 (Thanks to Barclays downgrade :S ) 3. Second gap to fill (Wall Street dropped the stock after last earnings/results) Before buying a few hundred or thousand shares, I'll wait for a consolidation of about 5-10 days, and especially for the EMA 9/20 to cross on the daily chart. Too many times we've been caught buying too early or not waiting long enough. And if, by any chance, Wall Street decides to push the price up by +50%, I'm already on the train with thousands and thousands of shares... lol 🚀💰
NASDAQ:PSNY
by Maximus20000
PSNY Polestar Forecast: 2nd Quarter 2023 Results & DevelopmentsPSNY Stock Forecast: Second Quarter 2023 Results and Recent Developments Delivered 27,841 vehicles by June, aiming for 60–70k deliveries in 2023: Polestar delivered nearly 28,000 vehicles by June and has ambitious plans to deliver between 60,000 to 70,000 vehicles in the entire year of 2023. Q2 saw 15,765 vehicle deliveries, a 36% YoY increase: In the second quarter (Q2), Polestar delivered 15,765 vehicles, which is 36% more than what they delivered during the same period the previous year, indicating growth. Established a strategic joint venture with tech company Xingji Meizu Group: Polestar formed a significant partnership with Xingji Meizu Group, a technology company, to collaborate on their electric vehicle (EV) initiatives. Focused on expanding in the Chinese EV market: Polestar is actively working to grow its presence in the Chinese market for electric vehicles (EVs) and is taking steps to strengthen its offerings there. Upgraded Polestar 2 deliveries, achieving a production milestone of 150,000: Polestar improved its Polestar 2 model and has successfully produced 150,000 of these vehicles. Enhanced Polestar 2 with better software, extended range (up to 650 km), and faster charging (up to 205 KW): The Polestar 2 received upgrades including improved software, a longer driving range of up to 650 kilometers, and faster charging capabilities up to 205 kilowatts. Adopted the North American Charging Standard for new vehicles in North America starting in 2025: Starting in 2025, all new Polestar vehicles sold in North America will come equipped with charging ports that adhere to the North American Charging Standard. Achieved $1.2 billion in revenue in the first half of 2023, driven by strong Polestar 2 sales: Polestar earned $1.2 billion in revenue during the first half of 2023, with a significant contribution coming from the successful sales of their Polestar 2 model. Introduced Polestar 3 and Polestar 5 at Goodwood Festival of Speed with impressive power outputs: At the Goodwood Festival of Speed, Polestar unveiled the Polestar 3 and Polestar 5 models, both of which have powerful engines. Reduced carbon footprint by 3 tons per car since the start of Polestar 2 deliveries in 2020: Polestar has made significant environmental progress by reducing the carbon emissions associated with the production of each Polestar 2 car by 3 tons since they began delivering these vehicles in 2020. Collaborating with Mobileye on autonomous driving technology for Polestar 4: Polestar is working in partnership with Mobileye to incorporate autonomous driving technology into their upcoming Polestar 4 model. Anticipate initial Polestar 4 deliveries in China before the end of 2023: Polestar expects to start delivering the Polestar 4 in China by the conclusion of 2023.
NASDAQ:PSNYLong
by Maximus20000
PSNY Giant Falling Wedge (reversal) Weekly & DailyFalling Wedge Pattern for PSNY chart, Polestar In this chart analysis, it's evident that there's a potential buying opportunity if we manage to reclaim the indicated level (previous gap after Earnings). This could take 30 to 45 days, as institutional investors are not very interested in buying this stock. However, it's crucial to exercise caution and patience, especially considering the need for a CMF (Chaikin Money Flow) reversal within the green zone. While there's a possibility of a lower buy-in, it's important to remember that there are no guarantees of a bounce at this stage. Traders should keep a close eye on CMF indicators to confirm a favorable entry point before taking action. In addition, is there a potential positive divergence in the PPO (in formation)
NASDAQ:PSNYLong
by Maximus20000
PSNY. Accumulation zone in the red rectangle?The stock dropped more than -10% after the financial results were announced. Typically, it takes the stock more than 30 days to recover its price. 1. Will institutional investors be ready to defend the price in this zone? 2. Will Elon and NASDAQ:TSLA put further pressure on other manufacturers with their price war? 3. The green rectangles, resistance, will be potential targets if the stock regains strength. 4. All investors are waiting for Polestar 4 and 3 to go into production. These 2 models will be a challenge for the company's future over the next 12-18 months.
NASDAQ:PSNY
by Maximus20000
PSNY Polestar EV Sector Penny Stock LONGPSNY ( www.nasdaq.com production-race) as a niche EV manufacturer has a production schedule which rivals LCID, RIVN FSR and others. On the 15 minute chart shows the trend down of price and then a reversal deep in the undervalued and oversold area of the lower VWAP bands. The MACD shows lines crossed and then ascending crossing over the zero line and positive histogram. The dual time frame has consistent information with rising RS shown in both time frames. Price has crossed over the POC line of the volume profile suggesting buyers have predominated. I will take a long trade here targeting first VWAP at 4.55 and then 4.75 the level of the double top of July 18/19 with a stop loss below the POC line at 4.32 the stop loss of a dime compares with the profit potential as analyzed.
NASDAQ:PSNYLong
by AwesomeAvani
2
PSNY a niche EV manufacturer penny stock LONGPSNY has seen a price rise of 30 % in the past month. This specialty EV manufacturer does not compete with TSLA but only perhaps ARVL also based in the UK. The 2H chart is quite healthy. Price broke out above the mean VWAP anchored to the beginning of the year on July 3rd and is now approaching one standard deviation above that. The MTF RSI shows both the one hour and daily RSIs crossed over 50 the same day. On the MACD indicator the K and D lines crossed confluent with the horizontal zero line. Signs of bullish momentum found, I will take a long trade targeting 25% of upside at $6.00 which is the double top on January 31/ Feb 1 as well as three standard deviations above the mean aVWAP.
NASDAQ:PSNYLong
by AwesomeAvani
7
$PSNY An EV Stock To WatchThe EV market has been hot since Tesla, Inc. (NASDAQ: TSLA) announced record Q2 deliveries last week. Following Tesla’s announcement, other EV manufacturers like Rivian Automotive, Inc. (NASDAQ: RIVN) and Polestar Automotive Holding UK PLC (NASDAQ: PSNY) joined the party by also reporting extremely positive delivery numbers. While RIVN stock jumped by as much as 54% on its deliveries, PSNY did not receive the same attention from investors as the stock only went up 5% on its announcement. Given the company’s performance this year, Polestar stock is one to keep a close eye on this week. Polestar Fundamentals Undervalued Stock? After announcing a production cut for 2023 in its Q1 earnings call, PSNY reported record Q2 deliveries of nearly 16 thousand global deliveries – a 36% YoY increase. In this way, Polestar brings its total deliveries for 2023 to nearly 28 thousand – putting it on track to meet its 2023 forecast of 60 – 70 thousand deliveries. Polestar is looking to maintain its deliveries momentum in the second half of the year as it intends to open up more than 20 permanent Polestar Spaces over the coming months and start deliveries of the upgraded Polestar 2. Through these actions, PSNY could be poised for yet another successful quarter in Q3 as its deliveries could continue to increase. Despite the company’s positive developments, Polestar stock remains down 18.6% YTD and its record Q2 deliveries are yet to be appreciated by the market. In comparison, RIVN stock soared 54% on its Q2 delivery numbers, despite the fact that PSNY delivered 25% more vehicles in the same period. Moreover, Polestar has a better gross margin of 3% compared to RIVN whose gross margin is at -80% which means that RIVN is actively losing money on each vehicle it sells. At the same time, PSNY boasts a P/S ratio of 28.87 while RIVN’s sits at a much higher 36.9 – indicating that Polestar stock is undervalued compared to RIVN stock whose market cap is more than double that of PSNY. Making Deals In addition to its impressive deliveries, PSNY is actively working to expand its market share in China as it entered into a JV with Xingji Meizu Group to develop Xingji Meizu’s existing technology platform into an operating system for PSNY’s vehicles sold in China. The new platform may increase PSNY sales in China, as the Chinese market generally has specific needs regarding software, since many services that are available in the West aren’t available in China, resulting in a lacking software experience in the Chinese market. PSNY is also attempting to increase its share in the US market as it recently agreed with Tesla to adopt the new North American Charging Standard (NACS) to provide Polestar’s vehicles with access to Tesla’s expansive supercharging network. According to this deal, new Polestar vehicles sold in North America will be equipped with the NACS charging port starting in 2025 and adapters allowing existing Polestar drivers to access the network are expected in mid-2024. By having access to one of the largest charging networks in the US, Polestar’s vehicles could become more attractive to customers – potentially boosting sales. Technical Analysis PSNY stock’s trend is bullish, with the stock trading in an upward channel within a sideways channel between $3.45 and $3.86. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs, which are bullish indications. Meanwhile, the RSI is approaching overbought at 67 and the MACD is approaching a bearish crossover. It is also worth noting that the stock has broken its $3.86 resistance but is yet to consolidate and test that level as a support. If the stock bounces off the $3.86 support, it could mean that the stock has entered a new channel between $3.86 and $4.71. As for the fundamentals, PSNY stock just witnessed a catalyst in the announcement of the Q2 record deliveries and has an upcoming catalyst in its Q2 earnings report on August 31. Considering the extremely positive news the company has been sharing recently, Polestar stock appears to be poised to run this week. PSNY Forecast While PSNY cut its 2023 delivery target by an average of 18.75%, the new target is still 25% more than the company’s record 51,491 deliveries in 2022 and is currently on track to reach the new target after achieving record Q2 deliveries. With the company also announcing exciting developments in its deal with Tesla and its JV in China, Polestar stock seems to poised to run this week as more investors become aware of these events’ potential. For this reason, Polestar stock is one to pay attention to over this month – especially with the company planning to release its Q2 earnings on August 31.
NASDAQ:PSNY
by Penny_Stocks_Today
1