Tesla ConsolidationI am neutral at the moment on Tesla but overall I am bullish on it medium-term as much momentum has been regained since its correction all the way down to $539.
The area of interest for me will be the $700 price level. A breakout and confirmed weekly close above this price would be the next signal for a long on TSLA.
On the flipside, a pull back could be in store for the asset back down to the 21 moving average since it appears that the price was aggressively rejected at the $700 price.
So to reiterate, we are waiting on a breakout and confirmation of the $700 level before taking an entry. If you got in at the sub $600 levels, congrats. You may want to consider taking some profits and looking to possibly add to your position again should we drop or breakout above $700.
Electric
$TSLA as neutral as it gets*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*
Elon Musk: "Tesla has diamond hands"
$TSLA is one of the top most talked about and traded stocks right now. Its staggering growth within the past two years is evidence of its potential, but regardless $TSLA was long overdue for a correction at some point.
$TSLA now sits at $618.45 per share after correcting from its 52-week high of $900.4.
My team has analyzed the financial sheets of numerous companies, large and small, but only few have matched the absolute beauty that $TSLA really is behind the scenes. Not to mention the fact that $TSLA is so much further ahead with their electric vehicles and self-driving technology than the likes of competitors such as Ford, Toyota, GM, and even Nio.
My team is patiently waiting for $TSLA to breakout from the triangle on our chart.
We believe in our hearts that $TSLA will continue to be a dominant player in the market long-term, but sometimes believing just isn't enough. So for now we remain neutral on the sidelines.
Our patience will be rewarded...
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Channel Trading On Idex50 and 382 Fibs holding the channel right now for IDEX . Lower limit still holding as "safety net support" but would like to see much more volume here. There's a lot more discussion about EV so maybe that helps. Also seeing a discussion about things like this:
"Ahead of a new advancement, IDEX stock is moving up in the market. On June 14th Ideanomics announced that it has acquired U.S. EV tractor company Solectrac. It acquired the remaining 78.6% of the company which gives it a more than majority ownership. While many think of electric cars as the main source of a sustainable future, few consider the major agriculture industries’ use of fossil fuels. And, many farmers spend the majority of their operating costs on fuel for their vehicles. So, to transition to electric would be major for this industry."
Quote Source: 4 Penny Stocks to Watch Following the Fed Meeting and Powell’s Remarks
$CHPT possible pull back soon*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 has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish momentums. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.
$CHPT currently sits at $31.41 per share.
For those of you who remember our original take profit on $CHPT was $31 because we suspected a resistance around the $32-33 price zone. For that reason alone, we do not think its wise to average up or enter right now until further notice.
My team plans to average up one last time on $CHPT if the opportunity presents itself, but in the meantime we plan to sit back and enjoy how deep in profits we're now on this trade.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$Stri targets with the cypher harmonic patternCypher harmonic pattern targets:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$0.74
tp2=1.27 BC=$0.87
tp3=2 BC=$5.1
other possible targets:
tp1=0.88 BC=$0.34
tp2=1.6 BC=$2
ACTC Breaking out of Down TrendLONG ACTC as they have merged with Proterra which is set to take advantage of the US investing heavily in EV's as Proterra is the leading manufacturer for public transport Ev's.
Ford is a great long term holdFord has survived through everything for hundreds of years. They are one of the longest surviving companies out there and are still doing great! With the new CEO Jim Farley they are undoubtedly due to break out here soon and see new highs. Ford has completely changed their entire lineup to EV in a years time and have already proven these cars are capable to stand up to the competition. I am very bullish on Ford long term and I think they will continue to climb as the sales come in for the new EV lineup. There is also a new Ford Maverick being produced which will be a fully electric truck at around $20,000! Absolutely incredible. I have full faith in Ford to pull through in the race for electric vehicles as they always have. The stock is considerably undervalued currently and my price target is $25.
IINX - China - Battery and Solar - Expanding to EV - The KingCHINA - Battery n Solar - They are expanding to EV charging station
2020 - Big increase in Sales
2020 - Minus but prior was Profit
$tsla fundamentally and technically finally looking like a long Feels like ages ago the last time i was buying tesla, after i sold pre split for around $1000 per share I felt it was too overvalued. Now its finally consolidating at lower prices. Reaching undervalued on the EMA Ribbon which for me traditionally serves as a great indicator of a bear market/buy indicator. I use it on a macro time frame to determine if we are severely discounted on a ticker and it looks like we are. I will be averaging into tesla as long as the ribbon stays as resistance (we are under it). The company is still fundamentally incredibly valuable given that it is quite literally the best EV manufacturer, still un-paralled in terms of both AI performance, EV infrastructure (charging network and solar as well as giga factory efficiency) and capital allocation/management, given that they are buying BTC at huge quantity and accepting a hard asset as payment for their vehicles. Meaning for each vehicle sold through BTC they are accepting the most innovative change to money ever created. Vehicles sold through btc will be exposed to appreciation now too. So essentially net worth of the company is poised to exponentially. Tesla is a long term hold, thanks.
$FSR and Apple Partner Foxconn Set to Collaborate on EV ProjectFisker and Apple Partner Foxconn Set to Collaborate on Electric Vehicle Project
Fisker and Foxconn sign Memorandum of Understanding (MOU) in support of global electric vehicle project.
Will pioneer a new market segment and deliver industry-first innovations. Vehicle to be jointly developed and sold under the Fisker brand, including through the Fisker Flexee Lease program.
Manufactured by Foxconn and destined for multiple global markets.
Projected start of production is Q4 2023; this will be the second vehicle introduced by the Fisker brand, following the launch of the Ocean SUV in Q4 2022.
The new collaboration between Foxconn and Fisker will revolutionize the automotive industry model by introducing ICT capabilities – which help automakers accelerate their transition to new, innovative, and efficient manufacturing processes and business models.
Fisker is projected to start production on its first vehicle, the Ocean electric SUV, in Q4 2022. Interest in the Ocean continues to build at an encouraging pace, with more than 12,000 global paid reservations as of today. Fisker plans to unveil a production-intent prototype of the Ocean later this year.
Following the signing of the MOU, teams from Fisker and Foxconn will establish several workstreams focused on design, technology, engineering, and manufacturing. Due to the rapid development schedule, both companies expect to conclude discussions and enter into a formal partnership agreement during Q2 2021.
finance.yahoo.com
Chinese drone company EHang rebounds after short reportChinese drone company EHang rebounds after short report
Yesterday, the stock had plunged more than 60% after a short sell report from Wolfpack, claiming that EHang was largely fabri-- had largely fabricated revenues based on sham sales contracts.
Now EHang today put out a statement saying that the report contains numerous errors, unsubstantial statements, and misinterpretation of information. So the stock has been rebounding a bit from yesterday.
finance.yahoo.com