Is The Bleeding Over For Nio?After the double bottom a few months ago, nothing major has happened on NIO chart that I can see. With increasing competition, IDK how the company will fair if it can't increase deliveries.
"Over the course of the year, the penny stock has been in a free fall. In fact, it has lost as much as 80% in value so far. According to analysts, the economic slowdown in China and muted domestic demand for premium electric vehicles has hurt the company considerably. On the other hand, the weakening delivery figures are a major red flag. That’s considering the fact that the electric vehicle industry is totally dependent on raising the delivery volumes progressively."
From PennyStocks.com - Penny Stocks To Buy Or Sell: Nio Inc. (NIO)
Electriccars
TSLA | 90% Long Trade SetupConfirmation: pending (variable)
Invalidation: $189.02
Type of Trade: Countercyclical (EMA50 below EMA200)
Target: 360.59
TF: 4HR
Leverage: 1x
Pattern: 1) falling wedge reversal breakdown with 2) weekly flag breakdown on 3) major support line.
PS. Below $189 the chart will turn terribly bearish, so be cautious longing from this support region. I'd say the trade to the upside will be confirmed by a candle close above the downtrend line (thick grey line), but the price will depend on the timing of the swing - the longer it takes, the lower the confirmation will be.
PPS. Many analysts are currently turning hard bearish calling for $10 stock price. To me this is a bit of a long signal so I am willing to take the risk that accompanies countercyclical trades. That being said, Tesla fundamentals are shaky but that also means the company has room to bring things back into shape and for the stock to swing before things really get ugly and Tesla faces the next huge bond payment.
NIO 1-HOUR TIMEFRAME SHORTThe price for NIO could likely face resistance at the $5.00 price level, or even if it could go higher than this, it would likely face some strong resistance at the $5.90 area. The price has been moving in a downtrend, forming a series of bear flag patterns along the way. One the higher timeframes, the price broke out of a major range to the downside. This should be a key driver for this short trade as the momentum is clearly to the downside.
YUKEN on a Bat BreakoutSafe Investors can enter Yuken India For Safe Mentioned Targets around 750-950 considering the stop loss around 350-420 in mind.
A Bullish Bat Pattern is seen.
The Stock can reach said targets in between July-November 2019
This study is purely for investment Purpose.
Other backings of this bullishness : Strong Promoters, Bright Future For Hydraulics, Top Hydraulics Maker In India.
Long NCTY entered into JV at discounted price premarket up 60%NASDAQ:NCTY NASDAQ:TSLA
The Chinese internet company The9 Limited (Ticker NCTY) (“The9”) made an announcement yesterday on its signing of a joint venture agreement with Faraday Future (“FF”), betting on the USD200 billion EV market.
According to PR Newswire, The9 will be a 50% partner in the joint venture with control over business operations. FF will contribute the use right in a piece of land in China for electric cars manufacturing and will grant the joint venture an exclusive license to manufacture, market, distribute and sell FF’s new brand V9 model and other potential selected car models in China, with The9 providing financing up to US$600 million to the JV. The JV will manufacture, market and distribute the sales of V9 model, a flagship luxury EV based on the technology and design concepts of the FF 91.
The9 was one of the earliest Chinese internet company who got listed on the US stock market since 2004 and despite its recent lackluster share price performance, it appears to remain as a stock that is actively followed by the investor community. During the past few years, the company has demonstrated persistent endeavor venturing into other technology related spaces outside of online games. And this JV with FF sounds like just the right project for the company to excel again.
FF is a California based EV manufacturer and has allegedly recruited talent from Apple, Tesla SpaceX and other well-known automakers. It has nearly 400 patents and more than 2,000 pending. The all-electric and autonomous-ready FF91 model which the V9 is based on, is the first production vehicle and flagship model of FF. FF’s website highlighted the performance of FF91 - 3 electric motors, 0-60 MPH in 2.39 seconds and 1,050 horsepower. The pre-production of FF91 was finished in August 2018.
FF’s latest round of funding came from a Hong Kong listed company Evergrande Health (“EH”). According to the announcement on the HK exchange made by EH back in June 2018, EH acquired 45% equity interest in FF for US$2B, thereby giving FF an implied valuation of US$4.4B. During the two-month period after its announcement of investing into FF, the stock price of EH went up by 278% from HKD4.6 to its peak price at HKD17.4, representing an increase in market cap of EH by a staggering amount of US$14B!
What is more interesting is that, while this JV is expected to account for most of FF’s value, the pre-money valuation that The9 is paying for this JV is only USD600M, representing a steep discount to FF’s previous round valuation. So, what is the catch?
It appears that Jia Yueting, the ultimate shareholder of FF, has not returned to China since the LeTV incident in 2017 and this has made life difficult for FF to set foot in China. Now with The9 controlling the business operation of the JV, it is expected that The9 will take lead on the JV’s business development in China. Current CEO and major shareholder of The9, Zhu Jun (“Zhu”) ranks among the first generation of Chinese Internet tycoons. Zhu is well respected within the business community and maintains good relationships with the government, especially those in the Yangtze River Delta where the JV operates.
As to how this deal would affect The9’s share price – what we know is that FF’s last round valuation paid by EH was USD4.4B and the share price of EH suggested that FF’s valuation should be even higher. Whilst at this moment we might not have as much information as we would like to deduce an exact valuation of the JV based on FF’s valuation, I incline to think that the 50% JV stake that The9 holds will likely be worth north of USD1B. This will translate into an increase of The9’s share price by at least USD24.0 per share.
However, it would make more sense to look at the market implied valuation of FF of around USD8.9B based on a one-month average share price of EH since its investment into FF. This market approach give rise to a JV’s valuation of USD4.4B on a pre-money basis and USD5.0B on a post-money basis. Accordingly, The9’s 50% stake of the JV should worth USD2.5B on a post-money basis and therefore USD1.9B on a pre-money basis. This will translate into an astonishing USD46.1 additional equity value per share
NIO coiled to test $12+ again?In the final week of January, NIO (NIO) announced the offering of $650 million convertible five-year bond to raise funds and utilize the funds “to pay the costs of the capped call transactions.” The bond offering closed on February 4. Tencent Holdings (TCEHY) purchased $30 million worth of its proposed offering, while Hillhouse Capital Management purchased $5 million of its proposed offering. Existing large investors’ continued confidence in NIO drove its stock higher in the next few sessions.
Key factors in February that caused NIO to rise over 20% include:
On February 20, NIO pleased investors by stating that it has been ranked fifth on Fast Company’s list of China’s most innovative companies for 2019.
On February 24, CBS broadcasted an interview with William Li—NIO’s founder and CEO. During the interview, Li tried to project NIO as a lifestyle company—different from Tesla (TSLA). These factors likely boosted investors’ sentiments in last month.
TSLA 's CEO, Elon Musk, was held in contempt of court for his Twitter behavior and continues to put the company in hot water with the SEC: www.cnn.com
Productive USA-China talks to reach a trade deal.
With that said, I believe the risk:reward is there on either April $8 or $10 calls to hold over earnings for possible move back up towards the all-time high. Max risk will be defined ahead of times so no stop loss will be needed.
We will float an order out there for April $10 calls at $1. IF it does not fill by market close tomorrow, I will adjust the order to get filled ahead of earnings.
Sorry for not sharing earlier - SEE GREEN BAR for action candle Largest US Uranium and Vanadium mining stock Energy Fuels. UUUU
Starts production of V2O5 (vanadium pentoxide) for high strength steel (infrastructure/rebar, military, aircraft engines, thin gauge steel automotive) for first month at 200-225K lb./ mo.
Sorry no futures symbol for V, but UR1! is uranium. both are in tight global demand with 20% CAGR driving prices upward, as well UUUU producing more at low cost, aka margin power.
Gap in demand to supply was late 2019-early 2020 and starting sooner for both.
UEC
OTC:BKUCF
TSX:U
AMEX:NLR
OTC:WSTRF
OTC:FCUUF
OTC:CCCCF
TSXV:VONE
OTC:APAFF
FWB:JT71
HG1! Is Copper ready to make a move?HG HG1!
Copper has been bottoming for quite some time. Economic trends are plumbing/housing, electronics, and EV vehicles, so let's step back and review.
* Oversupply for quite some time.
* Copper prices are historically peak in December.
* Housing/construction build rates for SF/MF/5+units is steady Yr/Yr for 5-yr and slight growth if any.
* Electronics is in steep decline from overstock parts and US-China trade war
* Electric vehicles are the new growth at 150+ lb. / vehicle for motor windings for copper, trend to continue as EV Class 8 heavy trucks will use 300+ lb. / truck (TESLA/NAV)
* Current chart showing upward movement from 618fibretracement to 500fibretracement as positive.
Maybe a micro trend without larger scope of current global economy, but something to watch for safe haven opportunities. VIX
The yuan hit a fresh 21-month low against the U.S. dollar Thursday, and the Shanghai Composite Index has lost about a quarter of its value so far in 2018.
ASX:KRC NSE:HINDCOPPER ASX:NZC OTC:CPPMF AMEX:COPX NYSE:SCCO ASX:CCZ TSX:NCU FWB:COQ OTC:HDRSF CCJ
Cobalt prospecting for EV play breaking out on wedgeCBBWF
Cobalt and Silver prospector and formerly Global Copper Group...Cobalt sexier asset.
NAFTA sourcing for Co/Ag play. Has assets with cobalt for EV, electroplating, electronics, metal alloys.
Trend in electric batteries to solid state batteries, which Cobalt will remain sexy for next decade despite Elon Musk hope in Lithium and threat to keep prices down. Not sure his comments are working for him.
The Fundamental reason for NIO weaknessNIO's IPO was welcomed with much fan fare but has weak since close of its second day trading. I'm watching a tight 4hr pattern here, but coming across some fundamental information has me leaning bearish on this stock.
As for the fundamental news, the author of the article linked below poses the $12 billion question:
"A question. Is the untested EV startup NIO without its own plant, or manufacturing license, backed by Netease, an internet gaming company, with its $1.67 BV/Sh and $12B market cap, really worth a 60 times higher Market Cap than time tested profitable NASDAQ listed Kandi Technologies, (KNDI) with only a $200 million market cap?"
finance.yahoo.com
FTSSF- Relief Coming??!!??Well I have been getting hit hard with this stock diving 70%+. Thankfully my position has been small, and just grabbing small lots on the way down. Today may have shown the greatest sign of a reversal from a TA aspect. For any of you home gamers who have tracked this stock know about their acquisition of U.S. Cobalt a few months back, and this deal was done in an all stock deal. Now that the acquisition deal is done, and the shares have been disbursed I feel now we have seen the end of the share dumping apocalypse. This company has real potential because with buying the mining rights in Idaho (US Cobalt deal), they can be considered more of an American company. So after the material is mined it is delivered to a Plant in Canada refine it, and the CEO has stated that they want to find U.S. customers. With Elon Musk coming out and saying they are trying to make their batteries without Cobalt....well...doesn't help as you may imagine. The fact is Cobalt is a perfect material for batteries, and just because there is a more readily available supply of Lithium doesn't make it a better alternative. IMO
Weekly H&S sign of the timesETN is a strong stock judging by it's excellent income statement and balance sheet. Improvements YoY stay in line with the Warren Buffett criteria for buying a company. This company handles improving energy usage, and let's face it, that's super important. This could be a stock that sees a huge upside, for now the target is around $85. I would assume that it would retrace a little more with the other US indices and be on sale later this summer. It seems like it was a hidden gem earlier. People interested in the electric cars were hot on it last couple years. Now BTC is hot topic and ETN is tossed aside, but this company could have its foot in the right door for a lot of reasons. It looks like a possible head and shoulders forming, to take advantage of lower prices.
Rebound PlayI previously charted this stock with the hopes of a breakout to the upside with all new highs. I liquidated before the recent overall market pullback that happened. The one aspect that will always get me into a stock is CONSISTENCY. If the price action seems to continue to follow past trends it is safe to assume it will do the very same again. Now......I am not all in here. A few things to occur before I start investing money in CTEQF again.
1. Consistent, and high volume.
2. Steady climb in indicators.
3. Electric car frenzy needs to continue....lol, of course this will happen.
Tesla breaks out of a 3+ year rectangle to the upside before ERAs earnings near, Tesla breaks out above its 100 day moving average (pink line) and a 3+ year rectangle pattern (blue lines). If earnings beat, diagonal support line 1 could be breached, starting a $95 move upward as forecasted by the rectangle. New support at diagonal line 2 and blue line Y. RSI is still in a bullish upward channel, but let's watch for a movement above 70.
Is Tesla Reaching Another Peak?NASDAQ: TSLA potentially could be reaching its peak. In previous trends TSLA has hit peaks around 266, about four other times within the last year. With earning reports coming soon for Tesla (February 22nd), there is surely a peak(surge) or a fall(drop) coming. Check it out!