CBAT Day/Swing-Trade IdeaCBAT's descending wedge trend has reversed into an up trend.
Little resistance is expected until it hits the $6.02 local fibonacci retracement support/resistance level.
A day trade may be possible from $5.50 - 6.02 range.
*Note - Prices tend to peak between 9:30 AM and 11:30 AM EST historically (See Chart).
A swing trade may be possible from $5.50 - $7.24 over the next week.
Electriccars
XL: Real Revenues, Real Product, My Favorite EV SPAC PlayXL is a maker of hybrid and fully electric engines for trucks and cargo vans. The company sold over 4,000 units in 2020 and are projecting 9,200 this year. They do not however only sell hybrid/electric engines, they also recently got into the charging market. They announced a partnership with UBS arena (NY Islanders stadium) to deploy 1,000 charging stations in the parking ramp. This is a first of it's kind deal in the industry, and I believe this is just the beginning for XL in terms of partnerships with large event venues.
Anything tied with EVs and SPACs has been absolute mania recently. The pullback across the board though has given great buying opportunities into well run, real revenue producing companies however. And I strongly believe XL is one of them.
Technically looking at it as well, it broke it's $18 support level when the entire market tanked late February. It now is showing signs of a reversal coming of a Tom Demark niner as well as momentum picking up after the company appearing on Mad Money. I believe the stock will quickly get back to it's $18 support level, and eventually make a push back to the $26-28 range.
I am using that $26-28 range as a 6-month price target.
The EV market is getting crushed, but for so long? The electric vehicle market is experiencing a major correction, among the most affected are Li Auto, Xpeng, ElectraMeccanica and Romeo Power, I myself made the mistake of thinking that another bullish streak was coming but it turned out the opposite. However, a whole and growing sector cannot continue to decline indefinitely, they will eventually hit the bottom to rise again, the question is when...
NASDAQ:TSLA
NYSE:NIO
NASDAQ:NIU
NASDAQ:SOLO
NYSE:XPEV
NYSE:RMO
NASDAQ:LI
AMEX:LIT
XL Fleet is ready to pop bigXL Fleet, a successful company that has been delivering EV cars for 3 years now, after a successful SPAC inception to the public market had a severe correction is ready to pop big. The pressure on the stock price was huge due to many reasons including being shorted heavily, however, the community is now getting back to the EVs and the traders noticed how undervalued $XL is. With a little bit more momentum it is expected to get a nice short squeeze on this one.
The current situation on NIOThe price has declined 37% from ATH. Currently, we can observe movements typical from the accumulation / Distribution process. This type of movement is characterized by having clear limits. In this situation, we can observe the Support zone, and the descending trendline of the bearish movement (there are 2 of them)
Our view: We think that the most relevant level to observe bullish pressure on this Stock is the zone between 39 and 36. There we have an ascending trendline and a clear support zone where we observe bullish presence in the past.
If we want to develop long setups, we have two scenarios.
The first one is: Wait for the price to reach the mentioned zone (39 - 36) and then wait for the inner descending trendline breakout. Only there look for long setups by waiting for a clear corrective structure. This would be a high-quality scenario because the bounce comes from a specific level that we consider strong for buyers. After that, wait for a corrective structure and finally trade towards the First Target.
The second one is: From the current levels, we have a breakout of the bearish trendline, and we observe a clear corrective pattern that allows us to trade in the same way as the previous scenario. This situation is less premium than the other one because the price is not bouncing from a strong zone.
Please, take into consideration that this analysis is meant to understand situations inside the current sideways movement. Once this accumulation / Distribution process is finished, we will work on the middle and long-term targets for the whole structure's breakout.
Thanks for reading!
Why $FRSX stock exploded from December?2 Catalysts drove the price higher:
1. Foresight: Rail Vision Enters Electrically Powered Light Rail Vehicle Multi-Billion Dollar Market with Order from Knorr-Bremse.
Rail Vision will supply two light rail vehicle system samples and will begin the system industrialization project for a total of 400,000 Euro
Knorr-Bremse, a $17-billion European-based group, recently invested $10 million in Rail Vision.
finance.yahoo.com
2. Foresight: Eye-Net Initiates Pilot Project with a Top Global Vehicle Manufacturer.
The pilot will be conducted with the intelligent transport system division of a Japanese vehicle manufacturer.
will begin a pilot project with the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer to test its Eye-Net™ Protect cellular-based V2X (vehicle-to-everything) accident prevention solution.
finance.yahoo.com
$AMTX Unveils 5-Year Plan Targeting $1 Billion Revenue by 2025Aemetis Unveils Five-Year Plan Targeting $1 Billion of Revenue by 2025
has rolled out a new five-year plan that positions the company to generate $1.07 billion of revenues and $325 million of adjusted EBITDA in year 2025.
The Revenues plan is a CAGR of 35% and the EBITDA growth plan is a CAGR of 109% for the years 2021 to 2025.
The majority of the Company’s revenue growth is expected to come from California dairy Renewable Natural Gas and the Aemetis “Carbon Zero” renewable jet/diesel plants using negative carbon intensity cellulosic hydrogen produced from waste almond orchard wood in Central California.
The Aemetis Dairy RNG project plan shows revenues growing from $9 million in 2021 to $175 million in 2025 , while Dairy RNG project EBITDA expands from $4 million in 2021 to $141 million in 2025 . Aemetis has been awarded $23 million of grants related to dairy RNG and related gas cleanup and utility pipeline interconnection units, including a $1 million grant to install an RNG dispensing station to fuel RNG trucks at the Keyes plant.
The Aemetis “Carbon Zero” renewable jet/diesel plants utilizing estimated -80 negative carbon intensity cellulosic hydrogen are planned to grow to $467 million revenues and EBITDA of $136 million in year 2025.
By completing carbon reduction upgrades and expansions of its current operating ethanol and biodiesel plants, the Company expects to generate annual revenue in ethanol and biodiesel of approximately $426 million by 2025, up from about $227 million of expected revenue in 2021, an increase of 87% .
Aemetis has received $16.8 million of grant funding to support its carbon reduction upgrades at the Keyes plant and $23 million to support the estimated -416 carbon intensity dairy RNG project . Supporters includethe USDA, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, and PG&E’s energy efficiency program.
finance.yahoo.com
Is it the End of Tesla?In this Analysis about NASDAQ:TSLA I've shared my views and opinions.
Tesla has show a really great performance last year where every automaker suffered Tesla enjoyed immense gains. But recently the competition has really stiffened up and this will lead to investors shifting from tesla to other car makers.
However, Tesla will show great performance in the future but for now its in the correction phase and not really a downtrend.
Hit that Thumbs up button if you agree with my view. 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
Looking pretty wound up, watching for a break aboveA high-grade graphite explorer/producer catered to the Electric Vehicle space.
It looks like we've in the process of consolidating the recent run. Watching for the break above and the next leg higher. Piercing through $0.32'ish would signal fun days ahead.
Why place a bet on a single EV manufacturer? Stay agnostic. Supply the entire industry instead. GLTA
$VLDR waiting for confirmation$VLDR failed to generate momentum and lost its support at 21.30 then retraced to the 200SMA on an overall flash crash in the market especially EV-related SPACs and scandal on top of that. The board contained the problem and the stock is now at a fair value however we need to see some bullish days to be confident to re-enter.