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NIFTY AUTO Trend AnalysisWorst scenario for those who are bullish thinking of potential Cup with Handle pattern formation on a broader outlook or reverse Head & Shoulder pattern on a narrower outlook. If you look carefully, you can see the descending broadening wedge clearly as highlighted in my chart. You can zoom out to see the broader view of my chart with all the drawings. Technically this chart looks almost similar to the Ashok Leyland chart I have posted earlier this month. TDI is at upper band with NIFTY AUTO nearing the resistance zone in confluence with the edge of pitchfork and upper edge of the descending broadening wedge highlighted. Moreover a strong hidden bearish divergence in MACD histogram is observed on weekly timeframe. (Not applied here because chart is on daily timeframe). Expecting a fall of approximately 30-33% towards 7700-8000 level, which is next possible support zone lying near golden Fib level. The fundamental attributes of major auto companies are not looking good specially with the declining OPM% (At lowest levels). It's better to avoid FOMO in auto sector stocks because of all good news and invest after this big correction or else keep averaging. Do your own due diligence before taking any action. Peace!!
NSE:CNXAUTOShort
by Swastik24
Ford consolidating at higher levels in 22' ? NYSE:F Ford consolidating at higher levels in 22' On top you have the 1hr chart focused on Jan 4-10 Below are the 1 day charts focused on Nov - Dec Take notice of the range Ford is now creating. I believe this is the same pattern we saw Nov-Dec while it consolidated between 19-21 where the market needed time to absorb the new prices levels that hadn't been seen in 20 years Looking for this new range to form at 23-25 Lets see how this ages
NYSE:FLong
by OccamsPhazer
Is Tesla overvalued?NASDAQ:TSLA is the fifth largest listing on TradingView based on market cap and has been a huge center of focus within the investment community, whether it is the more seasoned investor or trader to the inexperienced speculator who throws money at Bitcoin and various growth companies. Despite all of this there are many factors that the majority of the investing community fail to acknowledge or believe it doesn't affect the company's performance. Personally despite the crazy stock prices and lack of build quality within their physical product, I have a considerable amount of faith in the earning potential of Tesla for a couple of reasons. First of all, one should notice that at the time of writing Tesla's PE ratio is sitting at a whopping 370.66 (comparable to the firms during the dotcom bubble) and they have a considerable amount of debt but nothing that threatens their operation or is completely disproportional to any other company. It certainly would not be appropriate to compare them to other solely electric automotive manufacturers as their financial statements often seem less welcoming than Normandy beach on D-day. On the contrary to all the fore mentioned facts, Tesla's earning power has increased considerably between 2019 to 2020 and is looking towards the upside for 2021. In the past 4 years, any deficits have turned to income and their overall assets has increased consistently. Quite frankly, considering the speculative factors, such as the management of the company and their overall market monopoly, Tesla appears to be a rather profitable long term investment. Electric cars seem to be inevitable considering the carbon emissions issues and the fact that any other alternatives such as bio-fuel and hydrogen cars don't seem to be covering as much ground as quickly, and their market monopoly will keep the firm in good stead for the future potentially forming the "next Ford Motor Company" according to a reporter from Bloomberg. Once again, all opinions and comments are greatly appreciated, I thoroughly enjoy listening to others' opinions and perceptions of the market. TL;DR: Tesla is beginning to look like a promising investment for the long term as their financials steady and seem to head for an upward curve.
NASDAQ:TSLALong
by Michael_Axio
Support & Resistance Zones Mapped!LCID had a nice run. The Bears have rejected the upward momentum twice but LCID is still looking strong based on the S/R zones shown. Do you think it will pump through the current resistance or will it dump below the diagonal support shown? I think it will touch the diagonal support but after that, I'm not too sure. A great EV company overall, so let's see how it plays out. Love it or hate it, hit that thumbs up and share your thoughts! Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
NASDAQ:LCID
by rnaofs
General Motors Company (GM) - shortSignals Position: Short Target Price : $58 Entry Price: $64 Stop loss: $66 Indicators RSI is above 70 STOCH is above 80 and the indicator has negative, meaning is could have already reached the peak MACD is only slightly above the signal line The stock price is in the upper band of the Keltner Channel Analysis The stock is in an uptrend, made of impulses and pullbacks but has now reached the resistance level after two long bullish candlesticks. Nevertheless the MACD does not signal a strong bullish momentum and Stochastic indicator and RSI already show an overbought stock. Furthermore the stock price is currently above the upper band of the Keltner channel, so we can expect it to retrace back to the closest moving average. The entry price is at resistance level, and we use the Fibonacci retracement tool to set the profit target at the 0.618 level. No financial advice.
NYSE:GMShort
by vf_investment
1
Breakout or Rejection!?Money Makers! GM is on its way to retest previous highs. I possible breakout or rejection is incoming. Let's stay patient and have your orders ready! Let me know what you think will happen below. I'm curious. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
NYSE:GM
by rnaofs
2
Beautiful Channel!Money Makers! GE has been trading in a horizontal channel for a very long time. It recently was rejected from moving higher and is currently attempting to bounce off the 50 EMA. If the 50 EMA fails we can expect it to move lower to retest the bottom of the channel again. Love it or hate it, hit that thumbs up and share your thoughts! It's all about Market structure, Area of value, and Entry Trigger. Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect! This is not financial advice.
NYSE:GE
by rnaofs
1
ASII: INDICATION OF AUTOMOTIVE INDUSTRY RECOVERY AHEAD?Hello Enthusiast Stock Traders! Here's Medium-Term outlook for ASII, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) ASII has broken out of the Descending Broadening Wedge Pattern Impulsively. The MACD already crossed above the zero level area, it signify the potential upside movement ahead. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the Stock.
IDX:ASIILong
by financialfreedomgoals101
4
Ford Motor Co. (F) Overall Macro Trends & Bullish Case for ATHsThis a fairly long video on Ford Motor Company NYSE:F and the overall macro trends I see in its market. I am long on Ford and this is my bullish case-video and DD. I hope you enjoy! NYSE:F . This is also my first voice over video, so please be kind and let me know if there is ANYTHING you disagree with on the charting aspect of the video or otherwise. Identified: 1. Falling Wedge 2. Ascending Rising Channel 3. Ascending Broadening Wedge 4. Levels of Support 5. Levels of Resistance 6. Breakout Zones 7. Overall Options-Chain Sentiment Tools Used: 1. Trading View 2. Google 3. Unusual Whales 4. www.ford.com 5. My brain Indicators Used: 1. Weekly Candles to find levels of support and resistance - keeping it simple Could Ford be on the verge of a breakout? How is Ford fitting itself into the EV future? What does the big money say about Ford? After careful study of Ford NYSE:F I have come to a bullish conclusion that this stock is getting very close to all time highs. There are 3 major overall macro BULLISH patterns at play that I have highlighted in my video. 1. Falling Wedge 2. Ascending Rising Channel 3. Ascending Broadening Wedge NYSE:F We are possibly about to enter into a breakout zone with NYSE:F as a Broadening Wedge breakout is forming right now. This Broadening Wedge breakout could propel Ford out of its Ascending Channel, which itself was used to thrust Ford out of its Falling Wedge. This is my mind is BULLISH. Please watch the video for more details on my case of Ford reaching new ATH and when that could potentially happen. Any feedback is greatly welcomed! I am long on Ford F
NYSE:FLong
by OccamsPhazer
4
Technical analysis update: BMW (1st November 2021)BMW continues to grow since 20th August 2021. It currently trades around 87.50 EUR per share. Technical factors are neutral to bullish and because of that we would like to set short-term price target of 90 EUR per share. Technical analysis RSI has bullish structure. We will watch it closely and we will look for eventual crossover above 70 points. We expect such phenomenon to be accompanied by further rise in price. MACD is also bullish, however, it loses its momentum. Stochastic is bullish too; and ADX contains very low value which suggests neutral trend. Because of that we would like to see another confirmation of uptrend by price taking out short-term resistance and then lower bound of upward moving channel. Support and resistance Short-term resistance sits at 89.50 EUR while short-term support sits at 86 EUR. Major resistance lies at 96.39 EUR. Our last analysis on BMW from 10th May 2021: Here we correctly predicted end of correction and eventual resumption of uptrend. We also set 90 EUR price target which was subsequently reached. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade. This content is not financial advice.
XETR:BMWLong
by Tradersweekly
9
Increase in Revenue with Decreasing Net Profit GM Motors Q3 2021The automaker has been expanding its global layout during the past quarter of 2021 and has entered the Egyptian, Bruneian and European markets. During the third quarter, Great Wall Motor announced its target of selling 1 million vehicles overseas in 2025. The revenue of the firm increased 10.13% year-on-year to CNY 28.86 billion. Operating income was CNY 28.86 billion, a year-on-year increase of 10.13%. Net profit was down 1.72% year-on-year to CNY 1.41 billion. From January to September 2021, the automaker achieved a total operating income of CNY 90.79 billion, a year-on-year increase of 46.11%, and a net profit of CNY 4.94 billion, up 91.13% year-on-year. For the first three quarters this year, Great Wall Motor added that the company witnessed a 29.9% increase in new car sales versus the previous year to 884,000 vehicles. From January to September, GWM sold 98,000 vehicles outside China, soaring 136.3% compared to a year ago, accounting for 11.1% of the company's total vehicle sales. Great Wall Motor's performance in the capital market has also improved significantly. As of the close of October 29, the company's A-share stock price has reached CNY 68, an increase of 82.65% from the closing price on December 31, 2020. The market value of the firm has reached CNY 628.1 billion, ranking second among Chinese automobile companies.
HKEX:2333
by EqualOcean
BYD Reportedly to Raise Battery Prices by Over 20% Next MonthBYD's reasoning is that the raw materials for lithium batteries have been rising due to market changes, power restrictions, and production limitations. BYD, China's largest new energy vehicle company, is also the second-largest local supplier of power batteries after CATL. As costs rise, the company is said to be raising the price of its batteries. BYD will raise the unit prices of its battery products, including CO8M, by no less than 20 percent from November 1, the Securities Times said Tuesday, citing a document. BYD argues that the raw materials for lithium batteries in 2021 continue to rise with the price of cathode material LiCoO2 rising by more than 200 percent and electrolyte prices rising by more than 150 percent. Material supply continues to be tight, resulting in a significant increase in comprehensive costs, according to the Securities Times. Since November 1, BYD and its customers will sign new contracts for new orders and implement new prices, and orders for old contracts that have not been completed will be closed and canceled, according to the report. Local media cls.cn then quoted BYD insiders as saying that the information is currently being verified. It's unclear whether CO8M batteries are power cells used in new energy vehicles, and public sources can't find an explanation of the term. BYD is also one of the world's largest suppliers of batteries for cell phones and ranks second in China's power battery market. Data released earlier this month by the China Automotive Battery Innovation Alliance showed that BYD's installed power battery capacity in China was 14.73 GWh from January to September this year, with a 16 percent market share. CATL's installed capacity from January to September was 46.79 GWh, ranking first with a 50.8% market share. It is worth noting that BYD's power cells are mainly supplied to itself and have been used in some other brands' new energy logistics vehicles since 2018. This year Ford Mustang Mach-E and some FAW Hongqi models started using BYD's power cells. In May, the Digi Times reported that with the price increase of China-made Tesla Model 3, rumors said CATL might follow with a 10 percent price increase. The report mentioned that LFP raw material prices have jumped 50 percent this year, but battery suppliers have taken on the pressure of the price hike themselves for fear it would lead to lost orders. Citing sources, the report said most LFP battery makers want CATL to take the lead in raising prices in response to the steep rise in LFP material costs, making it easy for the industry to follow suit. CATL later responded that the report that its LFP battery offer would be raised was not true. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
OTC:BYDDY
by EqualOcean
NIO: to Boost Its Battery Swap Stations' Coverage Along HighwaysThe company also has 341 supercharging stations with 2,176 supercharging piles, 515 destination charging stations with 2,878 piles and access to more than 400,000+ third-party charging piles. The Chinese Lunar New Year holiday is a peak travel time for the public, and NIO wants to significantly expand its battery swap stations' coverage along highways before then to make it easier for its customers to travel by car. The electric vehicle company announced Tuesday that it will have a battery swap network covering eight major highways and four densely populated metropolitan areas by the Chinese New Year in 2022. The next Chinese New Year will come on February 1, 2022, and no official schedule has been released, but the holiday is usually seven days. The holiday is typically a time for people working in major cities to return to their hometowns and will also see one of the world's largest population migrations, although it has waned in size in recent years due to Covid-19 concerns. According to NIO's plan, the company hopes to complete a battery swap network along five north-south highways and three east-west highways by then. The five north-south highways are G1 Beijing-Harbin Expressway, G2 Beijing-Shanghai Expressway, G4 Beijing-Hong Kong-Macao Expressway, G5 Beijing-Kunming Expressway, and G15 Shenyang-Haikou Expressway. The three east-west highways are the G30 Lianyungang-Horgos Expressway, the G50 Shanghai-Chongqing Expressway, and the G60 Shanghai-Kunming Expressway. The four metropolitan areas the company hopes to cover are Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Chengdu-Chongqing. William Li, founder, chairman and CEO of NIO, said Tuesday that the company's number of battery swap stations covering the highway now stands at 99 and will increase to 169 by the Chinese New Year. Notably, NIO has previously built battery swap networks covering the G2 Beijing-Shanghai Expressway and the G4 Beijing-Hong Kong-Macao Expressway. On September 20, the company announced the completion of its battery swap network covering the G1 Beijing-Harbin Expressway, making it the third fully connected expressway battery swap network. The G1 Beijing-Harbin Expressway is 1,229 kilometers long, and NIO has provided 10 battery swap stations along its route, one every 120 kilometers on average. In addition, NIO announced on September 16 that with three new battery swap stations in highway service areas in operation, it has completed its network of battery swap stations in highway service areas from Beijing to all major cities in the surrounding area. The network consists of 12 highway battery swap stations, centered on Beijing, covering the service areas in Hebei and Tianjin on seven highways: Beijing-Chengde, Beijing-Harbin, Beijing-Lhasa, Beijing-Chongli, Beijing-Shanghai, Beijing-Hong Kong-Macau, and Beijing-Qinhuangdao. According to CnEVPost database, as of September 21, NIO had 484 battery swap stations in China. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China. For the full article with the charts, please visit the original link.
NYSE:NIOLong
by EqualOcean
Li Auto Delivered Record 9,433 Vehicles in Aug, Up 248% YoYDeliveries of the new Li ONE began on June 1. Li Auto delivered a record 9,433 units of the Li ONE, the company's only model, in August, up 248 percent year-over-year and 9.8 percent from July. That number exceeded many expectations, considering the company gave conservative guidance for the third quarter in its earnings report released earlier this week. For the first eight months of 2021, Li Auto deliveries have totaled 48,176 units. The Li ONE's cumulative deliveries now stand at 81,773 units, the company announced Wednesday. As of August 31, 2021, Li Auto has 114 retail centers covering 69 cities, as well as 194 aftermarket repair centers and authorized sheet metal spray centers covering 143 cities. Notably, when Li Auto announced its second-quarter earnings on August 30, it said it expected deliveries of 25,000-26,000 units in the third quarter. Considering that the company previously said that September deliveries were expected to exceed 10,000 units and July deliveries were 8,589 units, many believe this implies that Li Auto's deliveries in August will be at most 7,400 units. The Li ONE is an electric vehicle with extended-range technology, having a three-cylinder engine as the range extender. The Li ONE became available in October 2019. On May 25 of this year, Li Auto announced the 2021 Li ONE with a starting price of CNY 10,000 (USD 1,560) higher than the previous version at CNY 338,000. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NASDAQ:LI
by EqualOcean