$TSLA Re-entering the $400 rangeFig. 1 displays a potential re-entry of NASDAQ:TSLA (Tesla Inc.) into the range of $400-588 as our target. This analysis is based on a slight confirmation of the Fibonacci guide .618 ratio (indicated in green) as observed in late April this year. There is room for future confirmation if the price recedes below the moving average cross (MA cross) Fig. 2 .
[ Fig. 3 ] We can anticipate a slight downturn in the price of NASDAQ:TSLA , from its current level of $259, towards or below the moving averages indicated by the cyan and blue indicators. This potential dip is expected to be followed by an upward rebound, leading to a re-test of Zone 1 .
Electricvehicles
PSNY: First buy signal. With Supertrend Indicator1. First buy signal with supertrend indicator
2. Gap to fill around $3.00 to $3.12 (Thanks to Barclays downgrade :S )
3. Second gap to fill (Wall Street dropped the stock after last earnings/results)
Before buying a few hundred or thousand shares, I'll wait for a consolidation of about 5-10 days, and especially for the EMA 9/20 to cross on the daily chart. Too many times we've been caught buying too early or not waiting long enough.
And if, by any chance, Wall Street decides to push the price up by +50%, I'm already on the train with thousands and thousands of shares... lol 🚀💰
RIVIAN Confirmed sell signal after Higher Lows break-out.Rivian Automotive (RIVN) broke yesterday below the Higher Lows 1 trend-line, which was supporting since the June 27 Low. With a clear rejection on the 1D MA50 (blue trend-line) the day before, this bearish break-out may create a Channel Down that could target the Higher Lows 2 trend-line. Until then, we have the critical 1D MA200 (orange trend-line) Support to consider. As a result, following also the completion of a 1D MACD Bearish Cross yesterday, we are bearish now, targeting $18.50 (1D MA200).
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TESLA: Halfway through the Channel's rally, targeting $325.00Tesla is expanding on the third HH rally of the Channel Up that started exactly at the beginning of the year. By establishing the 4H MA50 as Support since the start of September, the 1D timeframe is on very healthy technicals (RSI = 61.424, MACD = 2.360, ADX = 32.566) giving a buy continuation signal on TSLA.
We are long, targeting the red Triangle area (TP = 325.00).
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TESLA Is turning into one of the hottest buys right now.Tesla Inc. (TSLA) is on a strong 1D green candle, approaching the 1D MA50 (blue trend-line0 for the first time since the August 04 break. The 1D MACD just completed a Bullish Cross yesterday indicating that the stock has confirmed the start of the new Higher High sequence towards the top of the year long Channel Up pattern.
This could be either near the 2.236 Fibonacci extension or a +80% rise (decreasing rate). Our target of $350.00 is within both parameters.
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Tesla -> Wait For The 3rd Timeframe!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪
After Tesla stock broke out of the parallel channel all the way back in 2019 there was a super solid rally of more than 1500% towards the upside on this stock.
You can also see that Tesla just retested and started to reject previous weekly structure and in confluence with bullish moving averages we could see more continuation towards the upside.
Finally I am waiting for a daily shift back to a bullish market which will happen if Tesla breaks the current daily resistance level and then all 3 timeframes are pointing towards a move higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Long DCFCLong DCFC last few days, average price around $1.00. Pretty heavy. Chart is beautiful.....massive H and S reversal pattern. If Daily closes like this epic hammer candle. Electric vehicle narrative only going to heat up. TP is retirement (just kidding lol). Not advise, good luck.
$REE - 126M in cash, 52M marketcap, no debt - TRIPLE BOTTOM BOOMREE Automotive has been in a downtrend for a while. VERY LOW RSI. Initial vehicles produced and certified by EOY. Massive market with a revolutionary technology. Low total cost of ownership and expected EBITDA positive by 2025. NASDAQ:TSLA , NYSE:F , $GM. This is my own opinion, and you should not take this as financial advice. Own your own trades.
NIO | Solid Price Action At The Current BottomHi,
Nio is a leading electric vehicle maker targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles.
The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies.
Nio launched the first model, its ES8 seven-seater electric SUV in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.
Technically NIO looks attractive; I like the way it found a support level from my previous call(s) at TradingView. I like the previous monthly close and if somebody is interested in it then I can give a technical confirmation. Technically it is solid but you have to consider fundamental risks to invest in China and etc.
Technically haven't seen such a price action that can be attractive for me on the NIO chart. I cannot say that it is the best but first time, since the all-time high, it looks solid and I would like to share it - odds should be in our favor ;)
NIO price got a rejection upwards from the minor horizontal area, there was also the psychological number of $10 and a gap fill from 2020. These criteria held it, got a rejection, and now in the last week it found a great volume and it brought the price to another obstacle which is around $15. So a little pullback was expected.
A strong area around $15 can act, and actually has already acted, as a solid resistance level. Still, I'm waiting for that retest because we have some short-term new higher highs, a strong bullish weekly candle close above the Weekly Moving Average of 50 (orange line).
* Considering the recent price action then we should see the retest and an optimal buying zone should stay between $9.5 to $12.5
* First targets updated on the chart room
Good luck!
Tesla (TSLA) | Approaching a Strong Support Level!Hi,
The well-known Tesla (TSLA)
Just in case I have to "reveal" my next buying zone in time because the pullback has started and it can be quite aggressive. Preparing is the key, and let's prepare then ;) The last idea TP levels reached perfectly, ~$300...
To the point, my eyes are pointed around $180 to $215 and the criteria are:
1. The trendline - the trendline has been drawn from the closing prices to remove the noise from the candlestick chart. If you use a candlestick chart then the closing prices are the right way to go if you want to remove the extra noise that wicks can make. Atm this major downward trendline has been broken during June and if the price starts to reach back there to retest it then it acts as a support level, as a buying opportunity for you!
2. Strong horizontal price zone - the middle gray area has been worked as a support and resistance level multiple times. Basically, if the price reaches there then investors "feel" it and something always happens. Hopefully, this time is not an exception and we can see quite a solid reversal from there.
3. The round number $200 - it is solid confirmation to the horizontal area if it matches with the round number and currently there is $200 waiting for us inside the marked area.
4. Minor trendline - the blue trendline, currently drawn from body to body, the third touch should add a bit of strength to the optimal buying zone.
5. EMA party - Moving averages on every timeframe which all should add strength: Weekly 50 and 200 are inside or close to the shown box, and Monthly 50EMA is inside the optimal zone to support the price.
6. Fibonacci retracement 62% , golden ratios, are inside or slightly under the buying zone.
7. The structure - it is mid-term bullish because we have there also a mid-term new higher high (HH) and probably this area around $200 can be a possible new mid-term higher low (HL)
* Considering technical analysis then the optimal buying zone should stay between $180 to $215
* First short-term targets updating on the chat room.
Good luck!
EVAV a 2X leveraged EFT of EV Stocks Pullback LongEVAV in the past six weeks rose about 90% and then faded 5% in a correction
or pullback. This may be a buying opportunity. Price is heading down into the
area of the two mean VWAP lines where I will look for a bounce. Professiona
traders like to buy in the area of VWAP and so I expect high trading volumes
there are big traders take large positions.sThe high TF relative strength
line in black is holding steady The low TF relative strength line in blue
is in the range of 30. I expect the price to reach this buy zone in the next
couple of days and upon a confirmed reversal I will take a long trade targeting
108 in the area of the recent highs and the second deviatiion lines in thin
red.
Displacement Technology Watch: $QSWith a lot of attention ahead of its earnings report, NYSE:QS had a volatile reaction to the report yesterday, but it is one of several companies vying for dominance in Solid State Battery technology. Auto parts are a niche sub-industry of Electric Vehicles to pay attention to for both short term and long term.
From the weekly chart: The stock is building a bottom after a huge speculative run up after it IPO'd and is now in a basing bottom formation.
QuantumScape was on the NASDAQ Private Market before it IPO'd. Plenty of banks underwrote it and many Preferred Clients, aka Giant Buy Side Institutions, invested during its NASDAQ Private Placement. So it had a respectable amount of investment money to start moving forward faster.
On the daily chart, we can see NYSE:QS had a pre-earnings run that hit resistance which was followed by profit-taking ahead of the report. Pro traders started the run up out of what looks to be a Dark Pool Buy Zone and smaller funds chased, which is often a precursor to a volatile earnings reaction. The stock has a low Percentage of the Shares Held by Institutions at this time, which is another factor that contributes to heightened volatility, but it's one to watch as the EV landscape expands.
NIO Wedge Breakout ContinuesNIO continues to move higher after breaking out of of the falling wedge pattern and topping the 200-day moving average, currently up a little over 10% today and +20% from my entry of $10.77 on 7/13.
The current price candle is yellow which indicates extreme bullish momentum behind price; yellow candles tend to indicate that price is becoming overbought and approaching a short-term top. With this push higher I've moved my stop-loss up to $11.71, just below the yesterdays yellow daily candle and into profit so the trade is guaranteed to pay out now if price reverses. For those with a lower entry price than mine and can afford some volatility and still remain in the green, stop-loss 2 is recommended as that was the the last higher low(HL) made in price before NIO made a new local higher high(HH). As price makes new higher highs on a chart I move my stop-loss to just below the most recent higher low as those are the last levels of support by buyers. If those higher lows are violated to the downside it likely means that sellers are in control of price going forward. Stair steps up: move your stop-loss to just below the last step price was on before it progressed to the next higher step.
My strategy with yellow candles is to move my stop loss to just below each yellow candle as price moves higher since price tends to continue to drift lower once the bottom of a yellow candle is breached on a pullback, reference previous yellow candles on the chart for historic moves after yellow candles form. For now I'm using yesterdays yellow candle as my stop-loss level since todays yellow candle is still live. Once the market closes today I will move my stop-loss to just below todays yellow candle.
The PPO is still showing positive short-term momentum with the green PPO line rising above the purple signal line. Both lines being above the 0 level indicate intermediate to long-term positive momentum.
The TDI indicator shows the green RSI line above the 60 level which indicates a short-term bullish trend. The green RSI line is trending between the 40-80 level which indicates an intermediate to long-term bullish trend. The RSI line is approaching the 80 level though which indicates short-term overbought conditions; price tends to reverse after the 80 level is tagged in the RSI. The RSI is also above the upper white Bollinger Band which also is a sign of extreme bullish momentum and tend to indicate a pullback in price is likely once the RSI moves back below the upper BBand. However, you generally want to stay long as long as the RSI remains above the upper band, and stay short when the RSI is below the lower BBand.
The TDI indicator is the one that is painting my price candles and giving me the yellow overbought conditions. Candles turn yellow when the green RSI line is above the upper Bband. You can find my TDI indicator here and add it to your own chart template:
$TSLA Down on Over-SpeculationNASDAQ:TSLA reported earnings after market close yesterday. Pro traders took profits before the close as the run became technically overextended. It gapped down today, but not on the extreme volume we'd expect from the usual HFT activity around earnings.
Profit and Operating margins are decreasing quarter over quarter, but revenues and net income are increasing.
This is not so much an onslaught of sellers but profit-taking along with a lack of buyers at this price range. As occurs often for this high-profile yet important EV company, the stock is over-speculated and needs to pattern out the excess. It could test the next support levels, but ultimately it's likely to head sideways as it challenges the resistance from Aug-Oct of last year...barring any surprises from Musk ;)
Dark Pool Buy Zones are in the bottom formation. The question is: will those buy zones be moved up or not?
CESC is ready to breakout channel patternNSE:CESC is ready to break channel pattern in upside.
Technically volume levels are good as up move is with high volume and down move is with less volume.
Financials too looks good.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
NIO Wedge Breakout + 200sma BeatNIO has been benefiting from the recent rise in EV stocks with price breaking up and out of a falling wedge pattern while simultaneously crossing up through the 200sma with multiple closes above it. The last time NIO closed above the 200sma prior to this recent move higher was back in November of 2021.
Looking at the moving averages(8,21,34,50,100,200) we can see that the shorter averages are rising and crossing up and above the longer averages indicating a short-term bullish trend in price. The 100ma is leveling out, the 200ma is still declining. We want to see price continue to rise going forward and for the two longest MA's to turn up to strengthen the bull case in NIO.
The PPO indicator show the green PPO line rising and trending above a rising purple signal line which indicates short-term bullish momentum in price. Both lines trending above the 0 level indicates an intermediate to long-term bullish momentum in price.
The TDI indicator shows the green RSI line trending above the 60 level which indicates a short-term bullish trend in price. The RSI line is also above its purple signal line and in the upper half of the Bollinger Bands indicating a bullish trend. Going forward we want to see the green RSI line continue to trend between the 40-60 levels as a sign of an intermediate to long-term bullish trend. The only negative here is the RSI line putting in a lower high compared to price which is a bearish divergence and could lead to a short-term pullback.
Assuming that the stock market and EV sector specifically continue to hold it together, NIO should benefit.
Buy price for me was $10.77.
Stop loss for me is currently at $9.37.
No upper price target for now, will continue to raise my stop-loss as price sets higher lows on an anticipated continued move higher.
Pure Play - Electric Vehicles LONG: TSLA NIO RIVNWhy EVXX?
The electric vehicle (EV) market is growing. In 2022 14% of all new cars sold were electric, up from 9% in 2021 and less than 5% in 2020. There are more than 26 million electric cars worldwide as of 2022, 60% more than in 2021.1 EVs are a crucial part of the sustainable future but it’s not always clear which specific manufacturers will come out on top.Show less
Objective
The Defiance Pure Electric Vehicle ETF (the “Fund”) seeks to provide investment results, before fees and expenses, that track the performance of a basket of common shares, which are equally-weighted on a quarterly basis, of the five largest (by market capitalization) electric vehicle manufacturers (the “Underlying Securities”) included in the Solactive Pure US Electric Vehicle Index (the “Pure EV Index”).
Battle of the New EV NASDAQ ComponentsLucid and Rivian, both new components of the NASDAQ:NDX , have been showing up on the High-Volume Institutional Activity recently.
NASDAQ:LCID has the beginnings of a bottom attempt developing with a Dark Pool buy zone emerging, but it's been slow-going for this EV company. Professional short-term trading is evident in the current run up, as it is in other EV companies this week, spurred by the bankruptcy of Lordstown Motors, many would say.
NASDAQ:RIVN has a clearer Dark Pool buy zone developing at this bottoming level with the same Pro Trader footprint in the current run up. This type of bottom formation provides a sturdier support level--evidence of more conviction from the institutions?
Both stocks have a lot of work to do to complete their bottoms for more than short-term trading at this time. Resistance AND competition are heavy ahead, as it's still early days in the race to dominance in EV Auto Manufacturing.