TSLA range bound, but break out to up side is more likelyThe overall trend for NASDAQ:TSLA is up, so a bullish bias is needed here. It is currently in consolidation mode, but I expect that it can break out to the up side. No position for now.
Electriccars
Is Tesla Trying for a Triangle Breakout?Tesla soared in August and consolidated in September. Now it may be poised for a breakout.
As we highlighted on September 25 , TSLA was forming a triangle with potential for a move toward $440. That panned out last week and the stock has gone nowhere since.
But Elon Musk’s electric car maker could be doing some important work along the way.
First, TSLA is trying to break the downward trendline marking the top of its triangle. It’s been holding its ground above that line for the last week. Is old resistance becoming new support?
Second, TSLA has managed to stabilize above its 21-day exponential moving average (EMA). At other times lately, it knifed below that line.
Third, that calmer range of movement has squeezed its Bollinger Band Width to the narrowest in over a month.
The backdrop may remain positive for TSLA in other ways. Politically, EVs are favored going into the election. (Other big techs could face modest antitrust risk following Tuesday's Congressional report.) Fundamentally, TSLA’s business remains in a strong spot with exposure to Chinese growth and signs of deliveries still surprising to the upside.
Traders may want to watch the current tight range and potential triangle breakout. Could TSLA melt higher into its next quarterly results above two weeks from now? (The official release date hasn’t been announced yet.)
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NIO remain bullish, updated price target of $24.18NIO recent trades mostly happened around $19, great bounce back from the support, we were shy of $1 from our last prediction.
Thur & Fri pullbacks are at the half volume of previous buying days, which is a very bullish sign.
Friday candle closed an inverted hammer, a trend reversal indicator, with this we may or may not see another pullback to retrace to fib 0.618 of $20.36.
Regardless we should see a very bullish run-up to the fib127 level again of $24.18.
NIO filled the gap. Now watch for a break outSupport is at 20.60, watch for a break out to go long, it can hit previous highs if it breaks out of its trend line or it can even go to $24. Filled this mornings gap up which was a break out of a daily resistance level around $21. Volume has also increased on this last 15 min candle so it may signal a reversal.
Tesla’s Hourly Chart Highlights a Key Level YesterdayTesla’s been a big name this week because of Battery Day. Behind all the excitement and letdown, some interesting things have happened technically – especially on the hourly chart.
Consider the price action around $380 on August 18-19. TSLA jumped to that level after the stock split was announced. (It was a new record high at the time, split adjusted.) For two full sessions the electric-car maker pushed and struggled before breaking out and continuing all the way toward $500.
Interestingly, buyers defended that that price area on Wednesday and Thursday of this week. There was even a failed breakdown yesterday, which got bought.
Turning to the daily chart, TSLA also bounced at its 50-day simple moving average (SMA). (But even then the 50-day SMA was about $20 below the $380 area.)
Finally, a triangle is starting to emerge on the daily chart. This could be the next big thing to watch. Based on the current action, it could indicate a bounce toward roughly $440.
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BLNK LevelsWith a break in 50 day SMA NASDAQ:BLNK has moved to it's next important level of support. NASDAQ:TSLA promised some large advances over the next 3 years in the EV and electric power scene and has sent the whole EV sector into a short term tumble. BLNK has faced a short term downside, however in the longterm, cheaper materials, quickly advancing technology, and election year will likely make this sector a winner. Big names like NYSE:GM have began to lay groundwork for their own cost sensitive EV. The only question is when the bounce will happen. There is a lot of downside if support breaks today. The curved line is the path post correction.
Nio Inc $NIO (Idea Pt6)RAW Video YALL!!!
(PLEASE UNDERSTAND, NO INSULTS TO TESLA)
I was trying to do it VERY quick because I have somewhere to go but, I dropped something on it to show yall whats going on....
Maybe a small pull back but this things is going to FLY!!!!!
#NIO
#NIOINC
#InvestSmartWAAS
#TradeSafe
NYSE:NIO
LI Auto Inc $LI (IDEA)So, this is my thoughts on $LI even though its a brand new market, i'll be going long in it ANYWAYS. For sure signs of some pull back because of its market being so young but its going to do some SERIOUS numbers for the future..
#LIAutoINC
#ElectricVehicles
#InvestSmartWAAS
#TradeSafe NASDAQ:LI
Nio Has an Ascending Triangle Above Old HighsElectric-car maker Nio has been one of the most explosive stocks in the last three months, more than tripling since the end of May.
However, it’s been rangebound since early July as it digested a lot of those gains, and now the price action is starting to resemble a bullish ascending triangle.
NIO peaked around $15.30 on a big high-volume candle July 8. It’s flirted with that level a few times since, but never closed above it. Meanwhile it’s made successively higher lows, creating the potential for a breakout through resistance. On Monday, it pushed back toward that area and had its second-highest closing price of all time.
Volatility has also been squeezing in that time. Bollinger Bands Width was just 0.22 yesterday, its narrowest range since May 26.
In addition, there’s a level to watch. NIO’s recent consolidation has taken place around the previous highs from September 2018, shortly after its initial public offering. A bullish basing pattern above old resistance is also potentially bullish.
Finally, the fundamentals have been strong. NIO tried to break out after a strong report on August 11, but sellers quickly smashed it back lower. Now it’s had time to digest those gains and held its range.
Yesterday, Tesla had a potential reversal pattern and its stock split is around the corner. Will this be time for NIO to move into the fast lane?
Tesla Has an Outside DayTesla has obviously had an amazing run. This morning it spiked as high as $2,129, more than 900 percent above its 52-week low one year ago.
But TSLA hasn’t held that level. Its high occurred in the first minute of trading, and prices quickly knifed under $1,940. That’s resulting in a large outside candle on the daily chart.
This is a potential reversal pattern – especially when it occurs at a big round number like $2,000. Happening early on a Monday is also a potential sign of capitulation buying from retail investors submitting market buy orders over the weekend.
TSLA’s stock split, which takes effect next Monday, August 31, is the big catalyst. While this can definitely be a positive for a high-flying technology name, the euphoria may be priced in after TSLA rose more than 50 percent on the news. (It was announced after the close on August 11.)
Today’s candle is similar to the July 13 failed breakout (also on a Monday). TSLA and several other big Nasdaq stocks drifted for a month after that session. Traders may want to start looking for a deeper pullback in TSLA, and not buy the dip too quickly if sellers take charge.
Good Support for $WKHS so far!Waiting to see confirmation of uptrend on the RSI on the 1D chart. Good support so far at low $15's.
USPS to make its announcement anywhere from here to November.
Let me know your thoughts...
A fun NIO analysis that isn't too crazy to fathomNIO has been speculated as the TSLA of China. With a beat on earnings and more and more consumers entering the EV space, it is not difficult to imagine this stock shooting to the $30 range this year
NYSE:NIO
Road to $20NYSE:NIO
NIO dropped back to support on the pennant shown after earnings ($12.85) and has now bounced back to first resistance ($13.50). Once NIO breaks through $13.50 R1, next TP is $14.40. To break out of pennant, it has to break above mid $15 range.
Disclaimer: I am not a financial advisor. This is not solicited advice and trade at your own risk and do your own due diligence.
NIO - very bullishI could see NIO in 22 USD already late August before a retracement to the bottom of its new upward trend. But be careful - its a very volatile stock
Bullish Charts - Coil, Pennant, Flag - Vans with DronesWorkhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones systems. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
Today, there was an article on Dow Jones talking about Workhorse Pairing Vans with Drones to Drive Deliveries.
www.barrons.com
On 07/24/20, there was another article, "Trucks of the Future." & "Electric Trucks are the Future."
workhorse.com - Beautiful Electric Truck
On 07/23/20, Workhorse reported a purchase order for 20, C-1000 Electric Delivery Trucks.
On 07/21/20, Workhorse talks about supplying electric trucks to the Postal Service.
Does the news get any better?
Yes, on 07/14/20, Workhorse announces Ryder will now offer the C-1000 All-Electric Step Vans for rental locations.
On the Daily Chart, it looks to me like it's flagging, Bullish
To some, it might look like an uptrending coil or a Bullish Pennant.
No matter how you look at the daily chart, it looks to me like a very Bullish setup.
RSI is turning up, Bullish
OBV is turning up, Bullish
Stochastic is turning up, Bullish
Accumulation is Bullish
I see big things coming for this company!
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Nikola Corporation - Aiming for a new highUsing 2 Fibonacci retrenchment tools because there is no question at this point whether this is bullish because there is no doubt that with the volume Nikola had, and this big pullback, will cause a massive breakout. If you dont think this stock is is a bullrun then im not sure where you learned basic principles of trading. We're buying the pullback on this at a major discount. Anyways now that we agree its bullish, we take the first fib tool and slap it on there. Then grab a second fib tool pop the bottom as what we see today and we put the .5 on the previous peak. Gives us a new potential high of around 150$. Sell around 110-150 on the upcoming breakout on the option calls .
* If bitcoin shoots up before the market opens on Monday morning, stocks will open with a gap.
TSLA: Will The Structure Sustain?TSLA
I made an argument earlier this week that since the last 'golden cross' in late March, TSLA stock price always bounced off of the 200 MA level in an hourly time frame. "When is the next bounce?", I asked. I believe we are at that point now.
The question now is that if the current market condition will allow for this structure to sustain. Let's hope the structure sustains and we get to see a bounce up today.
Good luck and happy trading!!
NIO ES6 - Amazing Vehicle! - Watch This VideoJust an FYI for NIO shareholders.
I thought you would be very interested in this video.
I also think this vehicle is a Tesla killer. I think China will eventually shut out Tesla & NIO will take over the Chinese Electric Vehicle Market.
www.youtube.com
Again, after watching stocks like SOLO, SPCE, WKHS, SHLL, SPAQ, NKLA, NFYEF & AYRO trade at crazy multiples with nothing to show for it, I think NIO is DIRT CHEAP!
In my opinion, NIO should be trading in the $50 to $100 range right now!
NIO is years ahead of the competition. I think it will take other electric vehicle companies several years to catch NIO.
Best of luck with your trades!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Timeline: NIO vs. TSLA = NIO Target $350 to $500Don't shoot the messenger!
I have a timeline of Tesla below which should put a price target on NIO North of $400 to $500 a share.
www.thestreet.com
As we stand today, NIO is much more successful than Tesla ever was and at this time, or there a bouts, compared to Tesla at or around the same time period in production & sales, Tesla was trading north of $360 a share and only delivered 2,400 cars compared to NIO delivering over 46,000 vehicles.
"Entering 2018 Tesla faced several difficulties. Missed predictions had led investors to dump the company's stock, and in the middle of 2017 it lost more than 5% of its value in a collapse worth $12 billion. By January, 2018 Tesla was producing its Model 3 sedans at a fraction of the rate it had anticipated. Over a three-month period the company managed to finish and ship 2,400 cars after promising consumers and investors that it could complete more than 5,000 per week."
On 07/02/2020, NIO announced as of June 30, NIO delivered 46,082 vehicles with 14,169 already delivered for 2020.
These sales figures topple what Tesla sold and at or around the same time period, Tesla stock spiked to around $389.61.
These are real figures from the Tesla timeline I have listed herein and using monthly stock charts for Tesla's stock price at that time period.
NIO is also in much better financial condition than Tesla ever was at or around the same time in the production and sales cycle / timeline.
Folks, when you look at the monthly stock prices for Tesla, and compare the timeline link I have herein, NIO is extremely cheap and deeply undervalued at current levels.
Also, NIO has the Chinese Government behind them. Tesla, at or around when the company started, only raised $500 million from a DOE loan and Tesla was burning cash like water.
NIO just raised almost $1 Billion in funding. NIO is financially in a better place than what Tesla ever was.
The way I see it, the Chinese Government will not let NIO fail to Tesla, a USA auto company.
In my opinion, after researching Tesla vs. NIO, I personally think NIO should be trading at or around $350 to $500 a share with their financial and sales figures.
Best of luck longs!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Bullish Charts - Robust Earnings, Electric Vehicle TechnologiesGarrett Motion Inc. designs, manufactures, and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers. Its integrated vehicle health management tools detect intermittent faults and anomalies to provide understanding of the real-time health of a vehicle system. The company offers its products through distribution networks. Garrett Motion Inc. was incorporated in 2018 and is headquartered in Rolle, Switzerland.
Daily Chart looks great!
Volume, Bullish
PMO, Bullish
MACD, Bullish
RSI, Bullish
Stochastic, Bullish
On Balance Trending Up, Bullish
Accumulation Trending Up, Bullish
It looks like the stock price broke out above the cloud at or around the $5.73 range.
On 05/11/20, the company announced a huge spike in EPS.
Q1 EPS $0.91, Sales $745.000 Million, Beat $664.040 Million Wall Street Estimates
This one sentence sums up why the company is seeing a surge in revenue and earnings...
"Garrett Motion Inc. designs, manufactures, and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. "
The electric vehicle industry is red hot!
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
