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LI to the moon or down to square one!Dear Traders, We were all excited when LI stock started to reach it's ATH in November but it has been on a down trend since then. A lot of its supporters have bailed out and are waiting for it's next big move. Is that big move now? Based on this analysis, we have a strong price rejection at our major support line shown in red, which could a sign of trend reversal. We still need confirmation if that's the case. It looks like the Elliot correction waves C is almost completed today but again we need to see another price rejection at 33.50. If that happens then with a little bit of turbulence on the way, the target should be between 50-55. Otherwise, we have to go back to square one and see if the next support at 18 will hold this up. Let's see how things unfold. Of course, market does whatever it likes to do and these prediction might not mean anything but should give us a clue while we keep an eye out for CRSR price action. Also this is not a financial advice and I'm not a financial expert. If you enjoy this analysis please give me a thumbs up and leave a comment. This will motivate me to keep going! Thank you AH
NASDAQ:LI
by MarkitMaven
Potential yum yum style reversal for the behemoth TeslaA few weeks ago, in February, I pointed out that Tesla is looking bearish on the weekly chart. Now I have a feeling it may push through resistance and try push prices of $850, $900 or higher. My position is 10 call options contracts that expire 3/26/21 with a strike price of $515, so you can see how confident I feel about the potential of this yum yum style. I see it in the days ahead, hours too. It may go down for a bit today/first, which may be an ideal time to snag some. Have fun! Not investment advice. just ideas.
NASDAQ:TSLALong
by primroseverglade
Multi timeframe analysis on NIO Today we will make an update on a previous idea we developed on NIO (Link to related ideas) First, let's start with the big picture, the daily chart. -Here, we can see that the price found a strong level on the convergence area of the ascending trendline and the support zone. That's our main structure to support the bullish idea; now, we want to see the targets and how to trade them. -On the 30 minutes chart, we are using a previous situation as a filter to validate our current view. We have a broken descending trendline broken + Flag pattern on the outside of the broken trendline, and finally, a bullish impulse towards the next resistance zone. -We can observe in the current situations a lot of similarities with the previous one. -We have the price bouncing from a major level on a higher timeframe, and we can see a corrective structure being formed on the outside of the descending trendline. Now we want to see a much bigger Flag pattern (similar size to the one that happened before). IF that happens, we will define our activation level on the green horizontal line. Our invalidation level will be below the flag pattern, and the target we will use for this movement is the next resistance zone. -Take this as an idea that is not completed yet. We will make a new post when we consider that the structure is ready to trade. Thanks for reading!
NYSE:NIO
by ThinkingAntsOk
13
$ADNT enters into agreement with joint venture partner YanfengAdient announces strategic transformation in China - Company enters into agreement with joint venture partner Yanfeng to end its YFAS joint venture - Transactions provide Adient opportunity to independently drive its strategy in China - After-tax proceeds of ~$1.4B, combined with existing cash on the balance sheet, are expected to drive significant debt paydown throughout 2021 $ADNT has entered into definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. (YF) to end its Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture in China. Adient will receive ~$800 million in cash by closing of the transactions (including dividends) and ~$700 million in cash prior to calendar year end, even if closing occurs before such time. Pro forma Adient Compared to the company's FY21 outlook, once the transactions close, global consolidated sales and Adj.-EBITDA are expected to increase annually by between $700M-$800M and between $90M-$100M, respectively. In addition, Adient's equity income post-closing is expected to decline annually by ~$155M. Net income and EPS improvement is forecast post-closing, driven by the expected significant reduction in debt and the corresponding benefit of lower financing costs. finance.yahoo.com
NYSE:ADNT
by AlenCiken