$CHPT sniper edition #3*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My teams trading history with $CHPT is nearly perfect. Somehow we just always seem to get this one right. Our average price per share before averaging up today was $20! (View previous postings for details)
My team averaged up on our position today at $23.29 per share bringing our share average up to 21.11. We have also lowered our take profit 2 from $42 to $32 per share.
1ST ENTRY: $20.7
2ND ENTRY: $19.35
3RD ENTRY: $23.29
TAKE PROFIT 1(HIT): $28
TAKE PROFIT 2: $32
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Electric
$ORLY: Oh-oh-oh-oh-maybeeee? ♬O'Reilly along with other automotive retail are potentially showing promise after the XRT rout. Being in a higher market cap than comparative retail stocks could help ORLY benefit in a deflationary environment assuming the dollar trends higher in the intermediate - long term. Gas or electric and an ever growing group of DYI'ers automotive retail stands to benefit long term in my opinion.
Keysight Selected by NIO to Verify Connectivity in EV'sKeys has had a great run throughout the last 12 months but has been pulling back down to its previous support / resistance area where it will be interesting to see if it bounces or continues down.
I did spot that in todays news, NIO has announced that they will be using KEYS to help test various connectivity functions within their Electric Vehicles. NIO is a pretty pumped stock so I wonder if there will be any flow on affect across to KEYS when the news spreads wider.
One to watch.
12 month view
$RMO we hit and quit for a 18% gain*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: On November 2, 2021 my team entered lithium-ion battery company Romeo Power $RMO at $4.45 per share. Our first take profit was set at $5.25.
$RMO released their 3rd quarter earnings report today after market close. In this report they reported a loss of $0.20 per share on revenue of $5.8 million. After this announcement $RMO experienced a very brief price jump to $5.70, but since then it has trickled back down to $4.78 per share.
My teams first take profit was hit post-market at $5.25 per share today. We sold all of our shares at $5.25 as we anticipate $RMO to stay within the $4-$6 range until they get around to announcing their 4th quarter earnings. We believe that this price range is a fair estimate, however this could change on the drop of really good or bad news.
We still believe in $RMO long-term, however we did not have enough sentiment to continue holding once our first take profit was hit today.
My team has made a gain of 18% from this trade.
Congrats to those of you who took this trade with us.
ENTRY: $4.45
TAKE PROFIT 1 (HIT): $5.25
TAKE PROFIT 2: $7.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CHPT my team is up 40% we keep winning*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines since, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also had a buy order at $19.35 which was activated a couple of weeks ago.
My team had set our first take profit at $28, but we were able to exit pre-market at $28 this morning capturing a 40% gain.
Going forward my team will be looking for further entries so that we can accumulate more shares before we hit our take profit 2 later down the road.
Congrats to those of you who this this trade with us!
1ST ENTRY: $20.7
2ND ENTRY: $19.35
TAKE PROFIT 1(HIT): $28
TAKE PROFIT 2: $42
If you want to see more, please like and follow us @SimplyShowMeTheMoney
WKHS Analyst Price Targets and Shower Squeeze PotentialWorkhorse Group Inc. (WKHS) share float shorted: 36.60%
Yesterday $35.8Mil buy order at $7.17 covered with puts at 5 i think. 5.7K puts.
With this new EV frenzy, my price target for a potential short squeeze is the 12usd resistance.
You can see on the chart other price targets from analysts.
I look forward to read your opinion about it.
$WKHS the holy grail*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Workhorse Group $WKHS is a soon to be tech giant that manufactures and sells high performance trucks. Earlier this year my team road the $WKHS wave from the low 20's to the high 40's. This was back when everyone thought they were a sure pick for a USPS deal that ultimately fell through.
After downtrading from its all-time high of $42.96 $WKHS now sits at just $7.22 per share. Shares are incredibly cheap at this level. If $WKHS was being considered a contender for that USPS deal then its makes sense to think that they can turn things around if the right news gets out there.
My team entered $WKHS today at $7.20 per share capturing a nice -7% dip. This is a long-term hold, our team really loves $WKHS
$WKHS is expected to announce their third quarter earnings on 11/11/21 but this date is subject to change.
ENTRY: $7.20
TAKE PROFIT 1: $9.50
TAKE PROFIT 2: $16
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$RMO grab it before its hot*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been analyzing lithium-ion battery company $RMO for the past couple of months waiting for the right opportunity enter this battered down gem. Today was that day. My team anticipates players who are interested in $RMO to begin adding while shares are still cheap for a nice run-up into earnings.
We entered $RMO today at $4.45 per share and have set our first take profit at $5.25. This would be a percentage change of %18.
Earnings are expected to be released on 11/14/21. This date is subject to change.
ENTRY: $4.45
TAKE PROFIT 1: $5.25
TAKE PROFIT 2: $7.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$CHPT Oct Update *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
After correcting from a previous all time high of $49.48 $CHPT now sits at $20.00
Recap: My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines for the past few weeks, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also had a buy order at $19.35 just in case $CHPT decided to trickle down to previous support levels in such price ranges.
Things are looking great here for us guys at @SimplyShowMeTheMoney to say the least. The candle on todays close is a true beauty.
My team has set our first take profit at $26.5.
We speculate that the EV market as whole is due for a massive rebound due to semiconductor production recovering this fall. Expect our team to capitalize on this opportunity and many others.
Winter is coming...
ORIGINAL ENTRY @$20.7
BUY LIMIT HAS BEEN ACTIVATED @$19.35
TAKE PROFIT 1 @26.5
TAKE PROFIT 2 @$42
If you want to see more, please like and follow us @SimplyShowMeTheMoney
is $CHPT ready to charge once again?*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
After correcting from a previous all time high of $49.48 $CHPT now sits at $20.68.
My team was extremely successful in capturing massive gains from $CHPT this year during its June rally. We exited $CHPT capturing most of our gains at the top and have been sitting on the sidelines for the past few weeks, but on Friday 9/10/21 my team opened a new position in $CHPT at $20.70 per share. We also have a buy order at $19.35 set in place in case $CHPT decides to trickle down to previous support levels in that price range.
My team speculates that the EV market as whole is due for a massive rebound due to semiconductor production recovering this fall, and we plan to capitalize on this opportunity.
ORIGINAL ENTRY @$20.70
BUY ORDER @$19.35
TAKE PROFIT @$42
If you want to see more, please like and follow us @SimplyShowMeTheMoney
PCG - Going as Planned***None of the idea I share, including this one, should be taken as financial advise. Tread lightly and if ever you find yourself certain of something, think again.***
Previous Idea and Trend
In my previous idea (linked) on PCG I said I'd expect this stock to struggle downward most of the summer and reach a strong support level in the low $9.00 range. This has been the case so far and there's not much that's changed to affect my view, at this point.
Reiteration
I still believe the current price level is this stock's bottom until there are other catalysts. It will remain around this level for the remainder of the summer with a possible break-out later this year (October or November).
Other News
PCG's decision to burry 10,000 miles of cable to mitigate fire risk is, in my view, an attempt to save face given the present concerns over PCG's role in the Dixie fire and sensitivity around the wildfire subject at large. I say this because cable burial, even when done as cheaply as feasible, is very expensive when compared to overhead installations. My preference would have been for PCG to make large investments in overhead protection of assets (specifically fuse-linked cutouts and surge-arrester failures). There are plenty of asset protection devices that almost completely mitigate the chance of asset failure and subsequent fire creation. This could have been done with fractions of the cost of cable burial and could have been done system wide instead of only across select segments (where the likelihood the most effectual burial segments could be miss-identified is high).
In my estimation, this move's short-sightedness it mitigated by the comfort provided from concern management is showing toward future fire prevention.
Dixie Fire and PCG
From what I've read, it seems very unlikely PG&E had a role in starting the Dixie fire; more so considering the exact verbiage of any legal challenge would include the word "negligent". Thus far, legal "challenges" have been political in nature rather than legally interesting: All fear, loathing, and grand-standing. Even if PG&E is found to have behaved negligently resulting in the Dixie fire, the structure of AB 1054 provides reasonable downside protection.
The Fed's Role
As always, in this current market, we have to consider Fed actions. If talk of asset tapering manifests into actual tapering I would expect this stock to fall. We shall see.
Position Additions
I'm still not looking to add to my position until the common stock reaches mid-to-low $7.00 range.
Pacific Gas & Electric Price Prediction for Second Half of 2021***THIS IS NOT FINANCIAL ADVISE. DO YOU OWN RESEARCH AND FORM YOUR OWN CONCLUSIONS.***
Historical Preface:
Having just come off an update on policy from a (un-surprisingly) hawkish federal reserve, it's been said that rates are unlikely to rise precipitously until 2023. The news of unlikely tapering sent many of the utilities stocks into a sharp short-term decline. I do predict these severe declines to be short term and utilities ($PCG included) will soon return to their established trends. For PG&E, the established trend is bearish.
Prediction:
My prediction for the remainder of the summer is the stock will likely struggle downward until it finds strong support around $9.00-$9.05 (see trended chart below). This downward pressure is a result of investors seeking ever higher returns in more speculative sectors throughout the summer. The less "sexy" sectors (Energy and Utilities) will likely languish until Fall. I also think the perception of Utilities has suffered since PG&E's and ERCOT's most recent gaffs; deserved or otherwise. ESG minded investors are avoiding these equities on a principled basis rather than financial. I anticipate this trend to eventually fade.
I will continue to add to my position at the $9.25-$9.30. Once a new strong support level is found I expect a quick, multi-week bull run to $15.00 during the last part of the year. I don't foresee prices exceeding $20.00 in 2021.
Pervasive Risks:
The location of PG&E's service area remains its biggest and most obvious risk. Most will cite the indebtedness as PG&E's largest negative mark but I don't consider this the case since the debt structure is understood and the re-payment plan is well defined. PG&E's location in California's most arid region will dominate the future risk of investing with this company. Obviously, there's little PG&E can do to rectify the issues introduced within its service area. These same challenges would be faced by any utility who exists in this location and the service outcomes would likely be the same. But, the companies leaders are taking steps to better alleviate concerns of future wildfire liabilities.
Future Confidence:
I like that PG&E understands its locational challenges and is working to mitigate them. Though I work in the Electrical utility industry, I don't know how the problems posed can be easily or cheaply addressed beyond better maintenance programs. PG&E seems to understand their position on that front is fragile and they need help finding other ways to meet their challenges; even if they don't understand what those challenges precisely are or how to mitigate them. This makes the close work they're doing with Palantir a very bullish indicator of PG&E's future success.
Final Remarks:
I remain very bullish in the long term.
TRQ Small Cap Copper, Copper on the cusp of a New All Time HighThe electrification of America and the world is going to require huge amounts of copper. New all-time highs should be expected.
Copper resources are likely going to become highly valued throughout this decade as more and more copper is needed to overhaul the energy and infrastructure grid.
NIO Pullback Over? [LONG]NIO had a rough start to the week on Monday as did many Asian equities. But somehow it appears that NIO could be on the brink of a successful back test of a key support area that could hold as the key to NIO running to higher prices in the future and sustaining it.
Keep an eye on the open tomorrow morning. If price opens above $39.27, this could be a great entry for a long. Anything below this price level instantly flips this asset to bearish as shorting would again be the most attractive bet for the foreseeable future. A break and confirmed daily candle close below $39.27 would be a violation of the .236 fibonacci level, and that could insinuate price action to downside for a retest of the previous swing low at $30.71.
The risk/reward on this at the moment is perfect however, as we are nearly exactly at our support. So stop losses can be a little loose due to the room for error we now have. Again, most of this will depend on where NIO price is at come opening bell.
Should this $39.27 level hold, we could be looking at a 13% move to our first target at $55.57.
Ultimately, a move back to the all time high, which represents X of this retracement, makes this a potential 70% profit trade.
XPEV price targetsEven though i consider XPEV to be the real Tesla of China, because of the cheaper cars and the technology "stolen" from Tesla, i still think it will revisit the 29usd support short term.
Remember that this is not a profitable company and is still dependent on raising capital for its cars.
in 2020 XPEV revenue was 5.84B, but the Earnings were negative, -2.73B. They also missed the Q3 and Q4 earnings estimates last year.
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!