Get started

Electricvehicles

SOLO Looking to Boom? (> 86% Potential Profits)Hello fellow traders, Today we are looking at the daily time frame for Electra Meccanica (SOLO) on the NASDAQ. As we cab see on the chart, prices rallied almost 500% to peak at around $6.00. Since then, as expected, there has been a massive correction back down to the $2.34 level. The chart has printed a bullish falling wedge pattern. We now see that a double bottom has played out and prices have bounced off of several EMAs. We have prices trading above all EMAs, RSI above 50, and the MACD giving a bullish cross and moving up. These are all bullish. We can also see that there is some resistance here around $3.74 (0.382 Fib level), but this is expected at each Fib level, and I believe this is just further consolidation before the jump. It is difficult to give an entry range right now, as we need to see where prices move from here first. As you can see, I have split my entries at $2.71, $3.00, and $3.29 (green lines), but I am looking to increase my position if prices continue moving upward. Potential short-mid-term targets are at $4.58 (+24%) and $6.00 (+62%). A longer-term target at the 1.0 Fib level would be at $6.77 (+86%). If the high is broken, however, prices could move up to the 1.618 Fib level around $8.30 (+125%). Keep your eyes on this one, as it could be a huge opportunity for a long position. Let me know your own thoughts and comments down below. Remember to like the post if you enjoyed and check out my profile for more stock and cryptocurrency trading ideas. Price at writing: $3.62
SLong
by PS_TopDollarInvestments
2
Chargepoint (SBE): Potential Exponential Growth AnalysisChargePoint, an electric vehicle charging network, has struck a deal to merge with a SPAC (Special Purpose Acquisition Company), Switchback Energy Acquisition Corporation (SBE), with a market valuation of $2.4 billion. In this analysis, I'll be going over the company's business model and financials, as well as technical analysis of the very short price action history we have available. What is Chargepoint? - Founded in 2007, ChargePoint has built one of the world’s leading electric vehicle (EV) charging networks - The company delivers a fully integrated EV charging solution, with a comprehensive portfolio of hardware, software and services - It recently received an enterprise value of $2.4b. - Essentially, while companies like Tesla (TSLA) and Nio (NIO) compete for dominance in the EV market share, Chargepoint (SBE) offers the infrastructure necessary for all EVs. Market Outlook - EVs are projected to consist 9.9% of all new vehicles sold in 2025 and 29.2% in 2030 in the U.S. and Europe. - The trend is definitely green, especially with Biden essentially having been elected as president recently. - In the market of Network L2 Charging, Chargepoint takes up 73% of the market share, 7x more than its closest competitor. - I always emphasize the importance of choosing the number 1 stock in the industry or field, and Checkpoint qualifies. Financials - Chargepoint demonstrated good revenue growth until this year - It did $66m in 2017, $92m in 2018, and $147m in 2019. - However, due to the Corona virus pandemic (Covid-19), the expected revenue for this year is at $135m. - Nonetheless, the company has very bold goals as it seeks to reach a $2b revenue target by 2026. - This would indicate a 40% compound growth rate per year over the next 6 years. - While they are still at a net loss, Chargepoint is currently sitting on $648m of cash, so their cumulative net loss of $347m can easily be covered. - By 2026, which is when the $2b revenue target is hit, we could see the company reach net profit - Their gross margins have been deteriorating due to massive expansion and scalability of infrastructure around the world. - However, it's important to understand that these are one time costs, and we could expect Chargepoint's gross margin to grow from 13% in 2019, to 42% by 2026. Technical Analysis - Because Chargepoint was listed through a SPAC recently, it does not have much price action data to be analyzed. - Based on the hourly chart, we can see that prices are ranging in a slow uptrend, forming higher lows and higher highs - It's trading within an ascending parallel channel, in an extremely choppy range - There are currently three key levels of support on the hourly, formed through gaps Summary This company's fundamentals for the long term appears extremely solid. It has high growth potential, dominant market share, and is part of a megatrend industry of EV infrastructures. We would have to see whether the company delivers, according to their IR deck, but the overall outlook remains very bullish. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
SLong
by Michael_Wang_Official
10
Baidu Apollo Undervalued (Significantly)1. Baidu have had low valuation due to its stagnant growth of its core business - search engine in China, however, it enjoys a significant moat in this segment as it is the largest market share holder - therefore has network effect. 2. Baidu had been investing significantly in developing AI and autonomous driving over the past few years. Its Apollo project is as good as (if not better), than Google's Waymo. However, Apollo is valued at $1.3 billion only (3% of Baidu's market cap) due to Baidu's core business growth, and unclear roadmap of monetization of Apollo. But, Google's Waymo is valued at $30 billion. It is worth noting that only Waymo and Apollo achieved the L4 auto driving, where they begin 1000+ testing of full self driving on road. Tesla's autonomous driving had been recording data of man's driving, while Waymo and Apollo records data on full self-driving. 3. Recently, Baidu began its robotaxi test drive in Beijing, which received huge responses, had cause the stock price to break out its few months resistance level. Therefore, I believe that the break out from a technical perspective may signify huge support for Baidu in addition to its near term upward trend (typical higher lows). 4. Despite full self driving is still years before it could be full commercialised, Baidu's Apollo had also been providing smart city solutions to assist with provinces of China to solve the traffic issue. In Guangzhou, Baidu received RMB 450 million project. This may be the key monetisation way for Baidu in the next 2-3 years, which is very likely given the traffic issues have been causing waste of resources for China, thus the government is likely invest in smart transportation through Baidu. Therefore, we can expect more projects given by the government, which would be a catalyst moving forward. 5. In mid September, Baidu's management noted that re-listing in Hong Kong would gives it a higher valuation that it currently has. Therefore, we may expect a catalyst from this part. Also, the current risk to reward ratio is worth betting on. If it breaks the current support ( breaking the low of the uptrend), then we might have to look for another entry point. However, recent pull back after break out provide a great entry point.
NASDAQ:BIDULong
by DEHJ
3rd Time's A Charm For SOLO? NIO Upgrade SympathyLast time we saw SOLO push this hard to the upside was during the first big run in the summer. No news today, obvious speculation on when they'll announce the final facility location. But they have planned that for November based on the last PR. Anyway, great momo today on sympathy from NIO's big upgrade and $40 price target. I also don't see many other EV penny stocks aside from SOLO and maybe AYRO that have some beefiness to them. The few remaining are relatively baseless and just have an idea in my opinion. We'll have to see if this $3.20 resistance continues acting as such. Also worth noting that the current 50 DMA sits at $3.16, another potential point of focus. "While it’s still early in the game, SOLO stock has built a cult-like following over the last few months. Shares were trading around $1.36 when we first began covering the company in June. Seeing how far it’s come shows the high expectations of the market right now in my opinion. It’s also worth mentioning that SOLO stock also traded as high as $6 during the early stages of this bull run in 2020." Original Quote Source: Looking For Hot Auto & EV Penny Stocks To Buy Today? 3 To Know
S
by PennyStocks101
NIO, beautiful day in the consolidation zone, time for next pop?Thanks for all the likes on the previous NIO chart! Keep on pressing like so I know you want more of these ideads! Nio is following this trend perfectly. Looking for its next break up Previously in Zone 1, we can also note, RSI find support in the 50 range. **********copied from previous days chart********** Please press the like button AND the follow button if you like these ideas, thanks! NIO price target/end of october: $21 Evs , ah quite the market in 2020. Nio has had quite a year, lets examine the last 4 months with NIO . Since June 30th Nio has been in a beautiful ascending channel , a closer examination of the trend will show that upon reaching highs, Nio has an extended period of consolidation, into a lower end of the channel, which leads to another rise towards the upper end of the channel. Zone 1-39 candles. Upon reaching the upper end of the channel (also resistance), we can see consolidation, and upon reaching the lower end (of ascending channel ) we see a rise into zone 2(becomes support). Zone 2 (theoretical) -26 candles. Using the same metrics as zone 1 we saw a rise into the upper end of the channel, back into a consolidation range, this time , along support lines. Using zone 1 measurements, we can expect a consolidation into the lower end of the channel which would take it back into the upper end of the channel, also known as zone 3. Zone 3 (theoretical) - 23 candles. In this zone we reach said price target. With aforementioned measurements used in previous zones (zone 1, zone 2) , We can see the price target of $21 by end of October. Bull case scenario on this pattern leaves us at $28 by end of October. **Provided also are: *Pink reversal zones (possible to signal reversal if falling out of ascending channel ) * gray area zones (possible for upside or downside) *red breakdown zones (for price action that falls out of the bullish trend )
NYSE:NIOLong
by king806