Nikola how low can it go?I think we have a nice double bottom with 30-50% possible down side and huge upside. It's a gamble, but I am stock gambler. I took a very small position. I like the chart and suspect this could under accumulation. Lots of analysts have much higher targets than here. Nikola sold off the Badger line to a close friend. Will this allow them more time to focus on electric / hydrogen trucks and gain edge again??? Not financial advice, DYOR.
Electricvehicles
NKLA Nikola Corp Nikola Corporation Reports Earnings Results for the Full Year Ended December 31, 2023
February 22, 2024 at 09:01 am EST
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Nikola Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 35.84 million compared to USD 49.73 million a year ago. Net loss was USD 966.28 million compared to USD 784.24 million a year ago.
Basic loss per share from continuing operations was USD 1.08 compared to USD 1.67 a year ago. Basic loss per share was USD 1.21 compared to USD 1.78 a year ago. Diluted loss per share was USD 1.21 compared to USD 1.78 a year ago.
TESLA Inverse Head and Shoulders formed. Is this the bottom?Tesla (TSLA) appears to have completed the Right Shoulder of an Inverse Head and Shoulders (IH&S) pattern, which is technically a bullish reversal structure that is formed on market bottoms. We have already talked in our previous analysis about the IH&S formed on the 1D RSI and as you can see by the circle drawing, this is consistent with the all previous Right Shoulder formations since December 2022.
As you can see, the long-term pattern since the July 19 2023 High is a Channel Down and this IH&S is the Lower High formation that should technically start the new Bullish Leg towards the pattern's top (Lower Highs trend-line).
As a result, our technical target is $245.00, which represents a Lower High level slightly lower than a projected +41% rise (last Lower High was +36%, the one before +31%, so we estimate a +5% progression). We will book the profit earlier though if the 1D RSI hits its Resistance Zone before the price reaches $245.00.
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TSLA Recovery to $4001D Chart
From a technical viewpoint, Tesla ( NASDAQ:TSLA ) is setting up for a short-term recovery to the $200-210 range before another steep correction. Should significant support be met around the $100 range, a sharp recovery back to previous highs near $415 will be in sight. The following patterns are visible on the 1D chart:
Impulse and Correction Waves
Because the 1, 3, & 5 Impulse Waves were in the down direction, then according to Elliott Wave Theory, the Correction Waves (ABC) should see the beginning of a rally. Wave A will move opposite of Wave 5 and should lose momentum between $200-220 which are 50% & 61.8% Fibonacci Retracement levels respectively. Wave C would develop a double bottom setup that could propel TSLA back to $300.
Head & Shoulders
If the Elliott Waves do not prove valid then a H&S pattern is likely with a right shoulder peak meeting resistance between $200-220 before sending share prices back to a low of $100. I am less confident of this pattern as it appears a premature recovery is about to begin. The neckline rests around $150 but Money Flow Index is already in severely oversold territory and the On-Balance Volume has an overall positive slope.
Double Bottom
In the unlikely event that the H&S comes to fruition then I believe it will serve as the setup for a larger double bottom pattern. Stepping back for a better bird's eye view, the On-Balance Volume has a healthy positive slope and Money Flow Index is in oversold territory. However this pattern will take months to develop so it is too soon to begin loading up for this particular trade as a swing or day trader.
Tesla - Is It A FakeoutHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
After Tesla broke out of a long term triangle formation in 2019 we saw a pump of +1.500% towards the upside. Tesla is currently once again forming a (bullish) triangle pattern but broke short term support towards the downside. If we see a retest of the bottom of the triangle which I mentioned in the analysis, I am looking for longs to capitalize on a potential bullish rejection.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
RIVIAN Low risk buy opportunity at least on the short-term.Rivian Automotive (RIVN) hit the $21.00 Target following our November 29 2023 (see chart below) buy call but even though it confidently broke above the Bearish Megaphone, the price corrected aggressively back even below the Higher Lows Zone:
The price is at the moment coming off an oversold 1D RSI Double Bottom, naturally below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Even though the long-term pattern remains a Channel Up (blue), we have to consider the possibility of the (dashed) Channel Down breaking below it and establishing a new long-term trend. Until that happens, this is a short-term buy opportunity, with our Target being $23.00, right at the top of the Channel Down, on the (dotted) median of the Channel Up, representing a +62.17% rise from the Channel's bottom, similar to the December 26 2023 Lower High (peak).
If then we get a 1W candle closing above the 1W MA100 (yellow trend-line), which will be the stock's first time to do so, we will buy the bullish break-out and pursue our long-term Target of $35.50, which will represent a +142.79% rise from the bottom, similar to the last Bullish Leg of the long-term Channel Up that peaked on July 27 2023.
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Fisker $FSR : Buying zone for a speculator?Technical Analysis: Buying Zone for a Speculator! No reversal volume yet, and no previous higher levels have been regained...
All my technical analysis is still telling me to wait... however, my slightly 'irrational' emotions are urging me to take a position here and now, haha.
Planning to invest 30% of the desired capital in $FSR... another 40% once we enter the 0.93 zone...
If the price explodes upward, at least I'll already be in position. If the price falls further, I can DCA (Dollar-Cost Average) on the initial 30% already invested here.
I don't like the look of the current chart at all; however, the EV speculative bubble will return, much like the current semiconductor bubble. By 2030, most cars will be clean energy vehicles. By 2035, the first EVs using only recycled cobalt will roll out of Northvolt's factories in Sweden. In short, all of this to say, EVs are the future.
Buying today in NASDAQ:TSLA NYSE:FSR NASDAQ:LCID NASDAQ:RIVN NASDAQ:PSNY is like buying NASDAQ:AAPL NASDAQ:MSFT in 1999. I'm not joking. Don't listen to the skeptics and have confidence.
LCID analysis ⏰ let's discuss :-: Hello 👋 it's me your RAJ 🙂 professional trader ✨
This idea 💡
is completely my own analysis to explain situation _&_ market conditions of NASDAQ:LCID
How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR
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Frankly speaking 🗣️ I am full time trader in Crypto 🔮 part time in stocks to save my money 💰
Based on my friend request , i am doing 📌 analysis ⏰ based on technical analysis #TA
I don't know it's fundamental and some other things to measure this as potential or bad stock based on technical i will talk 🦜
If u have experience and good knowledge in stock market especially usstock
Pls let me know about this company NASDAQ:LCID it helps me to check price in other conditions
:-) let's go 👀
In my opinion || chart 📉📈 looking too bad // continues downfall
Best area enter is ::👉 $2.6 - $4.1 👈
Best area to exit 🎯 :: $5.3 - $10.4 - $17 - $34
Stop 🛑 when price goes below $2.5 weekend candle close below Invalid 📌 to invest
Don't use 100% liquid 💰 it's high risk , so prefer 5-10% liquid 💰 on ur portfolio
Let me know points to consider on this stock , so i work and i will submit u those
👀 I always do analysis on crypto stocks _&_ large cap // rest of things i don't know much
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🪩 disclaimer :
▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌
Note 👀
👉 keeping comments , reacting with emojis , pointing us is very easy to some people
They think 💬 what they see 📌 that was knowledge 📌
We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important
Economical conditions
Fundamentals
Technical
News
Sentiments
Checking macro to micro having good plan and build it is very important ☺️
Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛
I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post
Try to understand, try to learn - try to move with flexibility with market is important
Have good day 😊
Tesla - Make It Or Break ItHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
In 2020 we saw a major triangle breakout on Tesla which was followed by an incredible pump of +1.500%. Since 2021 Tesla has been again trading in a triangle pattern with support at the $120 level and at the $200 level. If Tesla breaks above the trendline mentioned in the analysis, I am looking for long setups. But Tesla could still also break below the $200 support area.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
RIVN Is Rivian the next TSLA?Yesterday, I observed some unusual blocks of calls in the options chain expiring on Feb 23, following the earnings release.
One of the most substantial positions was in the $20 strike price call, with options traders paying $1.7 million in premium.
Listening to analysts, some mentioned they expect a 'TSLA Model 3 moment' from RIVN as well.
In addition to Amazon, which has agreed to purchase 100,000 delivery vans from Rivian, AT&T is set to acquire its electric vans and R1 vehicles in a new pilot program starting in early 2024.
On the other hand, the CEO stated that he anticipates Rivian reaching a break-even point on each EV built by the end of this year. We will likely hear more about this on the earnings call.
I am extremely bullish on Rivian's upcoming earnings release!
VinFast Auto ($VFS): A Prime Time to Ride the EV Revolution
The electric vehicle (EV) market is booming, and among the promising players, VinFast Auto (NASDAQ: NASDAQ:VFS ) stands out as a captivating investment opportunity. The Vietnamese automaker has been making waves with its innovative approach, state-of-the-art production facilities, and a lineup of vehicles designed to break barriers. In this article, we explore why VinFast is not just another EV stock but a compelling choice for investors looking to ride the wave of the electric future.
Innovative Vehicles at Unbeatable Prices:
VinFast's entry into the U.S. market introduces a game-changer: the VF3 SUV priced at a remarkably low $20,000. This disruptively affordable price tag challenges the industry norm and positions VinFast as a potential leader in capturing mainstream consumers. Breaking away from the conventional belief that EVs must be priced above $35,000 to appeal to the masses, VinFast's VF3 opens the door to a wider market segment, making EV ownership more accessible than ever.
Strategic Expansion and Dealer Network:
VinFast's strategic vision extends beyond innovative vehicles. The company has wisely recognized the importance of traditional dealerships in reaching mainstream consumers. While some EV makers lean towards direct sales, VinFast has opted to establish a network of independent dealerships across the U.S. The recent signing of dealers in key locations like North Carolina, New York, Texas, and Kansas is just the beginning. VinFast plans to expand its dealership network to 125 points of sale, ensuring widespread accessibility and convenience for potential buyers.
Financial Backing and Production Capabilities:
VinFast benefits from the financial backing of the larger VinGroup, providing stability and support for its ambitious expansion plans. The company boasts state-of-the-art production facilities with 90% automation, a testament to its commitment to quality and efficiency. With a $4 billion EV factory in North Carolina set to produce 150,000 vehicles annually by 2025, and a $2 billion factory in India, VinFast has positioned itself for substantial growth in the coming years.
Market Dynamics and Competitive Edge:
As the automotive landscape evolves, it's evident that success in the EV market is no longer solely dependent on the legacy and size of an automaker. The industry is shifting towards favoring innovation and speed of adaptation. VinFast's ability to introduce groundbreaking vehicles like the VF3, coupled with a nimble approach to market dynamics, gives it a competitive edge in the rapidly evolving EV space.
Conclusion:
While comparing any EV maker to Tesla might seem ambitious, VinFast Auto is emerging as a formidable contender. With a solid plan for expansion, cutting-edge production facilities, and the financial support of VinGroup, VinFast is positioned for success. The VF3, priced at $20,000, challenges industry norms and could redefine the expectations of mainstream consumers. As VinFast gains traction in the U.S. EV market, now might be the opportune moment for investors to consider adding VFS stock to their portfolios, anticipating not just a surge but a sustained rise in the electric future.
Polestar PSNY: Buy the bottom of the bottom of the bottom.Buy the bottom of the bottom of the bottom. It's the only chance to catch the lowest point in Polestar's history.
The purple trendline originates from the lowest points when the volume was at its highest, attempting to force the capitulation of all retail investors and a few hedge funds.
If I weren't already fully invested in this stock, it's exactly at the points of the two orange arrows that I would buy in the most aggressive manner possible. At the point between the orange arrows and the purple trendline!
And if this support doesn't hold? Don't worry... the stock will collapse like you've never seen before... so, since you're already in a tough spot, might as well give it a shot, haha!
Stop buying the dip without careful consideration... Stop buying the dip. You won't be rewarded.
It has been exactly 85 days, 58 market opening sessions, that the stock has been continuously plummeting, non-stop, with an 82% decline, without once regaining any previous high.
When I mention levels, I mean a previous peak.
Start buying when one of my levels: short attack or imbalance, is regained.
No need to rush. Billionaires control this market. They are the ones who decide.
Good luck !
$TSLA #Tesla, just dump it...The TSLA chart indicates a notable presence of lower gaps that are yet to be filled. These lower gaps signify potential areas where the stock might experience downward movements to reach previous price levels. The current situation suggests that if the support levels represented by rectangles do not hold, there is a higher likelihood of rapid downward penetration.
Investors and traders should closely monitor these support levels as they play a crucial role in determining the stock's future trajectory.
Very bad news... If I wanted to be as pessimistic as possible..."Swedish EV maker Polestar misses target for 2023 deliveries"
Polestar has not reached its delivery target for 2023. The brand delivered around 54,600 electric cars worldwide last year, falling short of the annual target, which was recently lowered to 60,000 electric cars.
-40% is the drop that NASDAQ:PSNY experienced during the previous earnings announcement... Appointment in 22 days...
Stock market is absurd... indices are soaring to the sky in orbit.. and the EV sector is collapsing like a house of cards.
By the way, Volvo is accelerating its descent into a downward spiral... someone is likely to be fired if this continues. Stocks are plummeting after Polestar missed its annual sales target, and Volvo is temporarily halting production in Belgium due to the situation in the Red Sea.
Geely trims its stake in Volvo Trucks, redeeming bondholders with shares worth over 7 billion SEK ($911 million), reducing ownership from 8.2% to 6.8%. The move aligns with Geely's communicated strategy, emphasizing a strategic, long-term investment in Volvo. This follows Geely's divestment in Daimler Truck Holding last year, sparking speculation about its influence at Volvo. Despite changes, Geely maintains a steady presence in the automotive landscape.
$PSNY Here we go... the stock is about to hit its all-time lowEarnings coming, Polestar 4 on the horizon, and then Polestar 3... 💎 🙌
The stock held the historical support... are we going to witness the same scenario as in May-June 2023?
A rebound of +40%?
Or has the electric bubble burst, and the stock is heading towards 1.80-1.70?
The new strategy displayed on the screen has evidently triggered a short position at 2.11 and is currently in a short position. Will there be a profit-taking by short sellers and a rebound? We will see.
By the way, each rectangle represents areas that are crossed quickly and effortlessly...
The Wizard with a Magic Wand !!! - Ward Wizard MobilityWardwizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It is engaged in manufacturing eco-friendly electric scooters and vehicles. It operates in the electric vehicle manufacturing sector in multiple countries, including India, Uganda, and Nepal
IPO began in 2015 with the initial price around Rs. 2 - Given the focus on Electric Vehicles the price skyrocketed to over Rs. 100 / share within 7 years - literally 50x. Later it started a Flag pattern consolidation on weekly and price fell around 30-35 levels before taking a Bullish Reversal
India is leading in the Renewable Energy space and even till date the # of 2 wheelers in India is multiple times higher than 4 wheelers. EV Boost has even aggravated the Electric 2wheeler space. Though this stock does not have much history on charts - this is a Multi-bagger stock which is set to Write its own History
Technicals:
The initial call was given around 40 Levels and today it trades 82+ - a staggering 105% in a matter of 6 months.
Currently the price has completed a Rounding Bottom BO above 78 and today's 13% increase accompanied by significant volume accumulation for the past 15-20 weeks is a strong confirmation of BO.
Target: 95, 120, 140++
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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Tesla - Expecting The BreakoutHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
All the way back in 2019 Tesla broke out of a longer term falling triangle formation. This breakout was followed by a crazy pump of more than 1.500%. At the moment Tesla is once again forming a falling triangle formation and if Tesla breaks above the resistance trendline which I mentioned in my analysis, we could certainly see another crazy rally with new all time highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.