The AVWAP from the June 2022 highs now belong to the buyers!A good long setup here with earnings out of the way. The stock gapped up on heavy volume after a good earnings report. This gap up also happened to be above the AVWAP from the June highs.
Currently the stock is consolidating after the strong run up from the $21 area all the way towards the $30 area.
In my opinion, the $26 - $27 range provides a good buying opportunity in anticipation of a move towards the $40 level.
Electricvehicles
#CROMPTON... LOOKING GOOD @15.05,23#CROMPTON... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
[Watch] Tesla versus Toyota 0️⃣2️⃣| January 19, 2024What's going on, Team NASDAQ:TSLA ?
I am back with a new video and review of my Tesla Map 2022-2036
Let's get you to 1st base first, then blue skies and a ton of fresh air await all of us.
And remember...
Above All and All in All, God Bless America...!
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share a full Tesla map that anyone can use to measure doable upside and full risk potential.
Technical Pull back Buy the DIP!The slight gross margin decrease of 4.8% was enough to resume the HS pattern on the chart executing a normal pullback- relative to the "neckline" where HS patterns are confirmed with some other criterion. Despite the quarterly margin contraction, expected cost reductions should start to materialize in 2024. Everything on the income statement is trending in the right direction. If TSLA really does hit the pattern target of HKEX:80 , a 50% further decrease from current SP, which is based on a formula of probabilities for this specific pattern, then it will be 62% undervalued.
At SP of 80, subtracting the 5.14 of Cash per share, and using current TTM, the PE would be 21! Even with a PE of 49 GAAP TTM , the difference to sector is 222% and FWD PE of 50.5. However several different metrics between growth and profitability could easily justify it where its at now. EBITDA growth YoY 3,607% diff to sector,/ FWD 690% diff to sector; Rev Growth Fwd 393%. EV/EBIDTA FWD 180 % diff to sector. Net Income Margin TTM 247% diff to sector. ROC TTM 193 and ROA TTM 289% differences to sector... Easily justified.. Rarely are you able to purchase growth companies at a PE of 21... Buy the DIP!
Breakout on Battery Production NewsPositive divergence can be seen on a yearly basis with MACD leveling out crossing into positive territory.
SP appears to have formed a double bottom and is currently breaking out from a narrower down trend.
Currently, the SP is ≈33% below the average analyst target and ≈45% below the top range of down channel primary trend.
The SP collapsed last year as a result of the public offering in December, cash burn rate and a gross loss for the most recent quarter.
Revenue YoY has grown 142% and revenue growth FWD is 118%. With the high growth rate and being profitable on a yearly basis, a PE of 22 is cheap.
Volkswagen it's about time to buy!Hello traders,
I hope you are doing great!
I know it's been a long time since the previous trade idea here in Trading view but a lot is going on with "The Greek Traders" community along with the V.I.P trading mentorship programme.
We can see a trade we have also shared on the V.I.P group since the previous week.
We are reffering to the "Volkswagen" stock trade of course, let's see why we are long on the stock as always combining fundamental analysis with technical analysis!As noted in the "The Greek Trader" seminars also, if fundamental analysis doesn't align with technical analysis we don't enter any trade!
Firstly we are in clear bear market in Volkswagen stock since almost 2 years now from the high of 357.40 euros at 15/03/2021, as uncertainty from Covid-19 hit the markets.Also less incetives from the governments for the purchase of an EV vechicle as the maket is entering a more mature stage along with supply chain bottlenecks, rising inflation and geopolitical uncertainty also took a toll on many companies in 2022.
Technical Observations
1.As we can see after that 2 year downtrend RSI has already started to build a bullish divergence on the weekly timeframe since June of 2022, that's very strong indication of the slowly shifting momentum especially when we are reffering to the weekly timeframe!
2.We can seet the 5 Elliott waves since the high, we are currently on the 3rd wave and we can trade the counter trend 4th wave to the upside.
3.The 4th Elliott wave that's an equal projection of the 1st wave we can see that coincides perfectly with the Fair value gap that has not been filled and with a previous support/resistance level that has been respected multiple times.That's the reason we will have our TP in that area (162-167 Euros).
4.We have also put the FIbonacci timezones and fibonacci retracements levels and we can see that both of the are aligned with the previous Elliott wave theory.
5.We are waiting a double bottom to be formed or a lower low with bullish divergence and a bullish candlestick formation to enter long at 113-116 Euros area.
Fundamentals Observations
1. The Covid-19 pandemic and subsequent global lockdowns in 2020 saw the stock's price fall to its lowest level in almost five years. After starting at €175.60 on 19 March 2020, it sank to €79.38. Over the later months of the year, as economies began opening up, VOW3 seemingly began to recover and closed the year at €152.40.
2. In 2021, the carmaker announced it was increasing its EV capacity and scaling up MEB (modular electric drive matrix) use. In March, the company stated it planned to deliver a total of 450,000 EVs to customers – more than twice the figure delivered the year before. Volkswagen’s EV sales during the first three-quarters of the year put it in third place, with a 10.1% market share compared to 21.5% for Tesla, reaching an all-time high of 357.40 euros at 15/03/2021.
3. VW group had invested a lot on biofules but as part of the revision of the Renewable Energy Directive (RED), the European Commission proposed reducing the contribution of conventional biofuels in transport from a maximum of 7% in 2021 to 3.8% in 2030, that was a blow for the VW group.Now with the FY23 budget VW is turning it's main focus on the EV sector with more than 200$ billions investments for the next 5 years.
4. 2022 proved to be interesting for the EV market, Iola Hughes of Rho Motion told INN at last year’s Benchmark Week. Headwinds for the sector came following Russia’s invasion of Ukraine and China’s lockdowns in the first few months of the year.EV-volumes.com sales data shows that the global total for last year came in at 10.5 million units across BEVs and PHEVs.
“An impressive growth of 55,4 percent in a difficult vehicle market as a whole. BEV sales increased by 59 percent to 7,65 million units, PHEVs by 46 percent to 2,86 million units,” the firm states. “The global EV share in light vehicle sales is 13 percent for 2022.”
5.Supply chain constraints appear to be easing and sales expectations for 2023 for passenger cars and light-duty vehicles, Rho Motion forecasts over 14 million global BEV and PHEV sales in 2023.
6.(Reuters) - South Carolina Governor Henry McMaster on Monday signed legislation approving $1.29 billion in state incentives for Volkswagen's off-road brand Scout Motors to build a $2 billion manufacturing plant for trucks and SUVs.
The project could also receive up to $180 million in job development tax credits based on hiring, said South Carolina Commerce Secretary Harry Lightsey.
In May, VW said it would reintroduce the Scout off-road brand in the United States, offering new electric pickup and sport-utility vehicles. Scout said it hopes to eventually create 4,000 jobs and produce 200,000 Scout vehicles annually.
Groundbreaking is planned for mid-2023 and production is projected to begin by the end of 2026.
7.Earlier this month Volkswagen said 2023 sales will rise by between 10-15%, and the operating profit margin will be between 7.5 and 8.5% compared with 7.9% in 2022.
POSSIBLE LONG TRADE
ENTRY AT THE RETEST OF 113-1.116 EUROS LEVEL
TP1 163 EUROS
TP2 167 EUROS
STOP LOSS 111.80-112 EUROS
RISK/REWARD 17.60-17.70 !
THANK YOU ALL FOR SUPPORT!!
KEEP FOLLOWING AND SUPPORTING MEANS A LOT TO OUR ME!
Happy profits everyone!!
THE GREEK TRADER
Long DCFC LTF triple bottomLong DCFC based on technicals. Triple bottom and not sure how much lower market makers can let this one drop. Not advise.
NIO - Will Rise From Ashes 🦅Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 NIO has been overall bearish trading inside the falling wedge pattern, and it is currently diving inside a weekly demand zone 6.5 - 10.0
The bears are still in control managing to make new lower lows. But, we can clearly see that the impulse movements are getting flat and small.
This signals an early alert that the bears are exhausted. However , it doesn't mean that bulls are in control yet.
🏹 For the bulls to take over, hence have a long-term shift in momentum, we need a break above the last major high in gray.
📊 Meanwhile, until the bulls take over, NIO can still dive till the lower bound of the demand zone around 6.5
📕 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Copper is red hot on China’s reopening, but there is more to itCopper is to commodities, what tech stocks are to equities. They are both historically cyclical but also promise potential long-term growth. Tech stocks were down last year, not because the underlying technologies were dead, but because central banks were aggressively tightening monetary policy. Copper too endured the same fate on account of macro headwinds despite the accelerating energy transition. Lockdowns in China added another layer of disappointment.
So, with the macro backdrop changing this year, is the red metal becoming red hot? Markets appear to be endorsing that narrative. What does the demand and supply situation look like?
China reopening
China consumes more than half of global refined copper with its demand experiencing an eight-fold increase in the past four decades1. Chinese manufacturing activity, therefore, is inevitably a key driver of copper prices (see figure below).
Chinese manufacturing activity remained contractionary through August till December last year, as evident from the Manufacturing Purchasing Managers’ Index. In January, while the number remained contractionary at 49.22, the expectation is for it to pick up in the coming months if lockdowns remain sustainably lifted.
China is a crucial source of copper’s green demand too. Chinese subsidies for electric vehicle (EV) makers have given rise to a booming industry to the point where BYD is now competing fiercely with Tesla for market share worldwide. Although subsidies for producers will come to an end this year, tax exemptions for buyers will remain in place through 2023. This will further be supported by the rollout of charging infrastructure, a key component of China’s 14th 5-year plan issued in December 2022.
A battery EV can require three to four times as much copper as an equivalent internal combustion engine vehicle. Similarly, a 200 kilowatt (kW) fast charging station uses around 8 kilograms of copper3. There is a similar multiplicative effect on copper demand from other energy transition applications like renewable wind and solar power, which China is heavily investing in.
The supply side
In What’s Hot: Dr Copper’s misdiagnosis, we highlighted how copper’s inventories on exchanges are perilously low, a sign of supply tightness which could exacerbate if demand picked up quickly.
According to Wood Mackenzie, copper may see a slight global refined market surplus of 170 kilotons (kt) in 20234. But there is considerable uncertainty surrounding this forecast. On the supply side, disruptions such as the ones we’ve seen recently in Peru could play an important role. Peru is the second largest copper producing nation and is responsible for around 10% of global mined production.
Anti-government demonstrations in Peru have led to shipments being halted at the 300 kt Las Bambas mine, and disruptions at Glencore’s 180 kt Antapaccay mine, and other mines including Constancia (117 kt) and Cuajone (148 kt)5.
The figures above highlight how disruption in supply from Peru can easily tip the copper market into a deficit. While disruption may not be as severe this time as it was when Covid caused mine closures in Chile and Peru in 2020-2021, it could still be meaningful especially if coupled with more demand from China. Market pricing has been moving in response to these developments.
The energy transition
At the World Economic Forum in Davos in January, European Commission President Ursula von der Leyen pledged unprecedented support in clean technology across all sectors of the energy transition. For Europe to remain competitive in the new era of clean energy, it must offer something that can rival the US Inflation Reduction Act. In 2023, we expect more action from US, Europe, and China now that energy security has become synonymous with the energy transition.
According to Wood Mackenzie, for the world to be on track for net zero by 2050, 9.7 Mt of mine supply will need to come from projects that are yet to be approved. This amounts to $23bn of investment a year in new projects, 64% higher than the average annual spend over the last 30 years.
Conclusion
Copper’s long-term demand trends suggest it could continue trending upwards but remain cyclical depending on the macroeconomics. Cyclical pullbacks could create interesting entry points for investors who recognise copper’s structural case.
Sources
1 International Copper Study Group’s Factbook 2022.
2 Bloomberg, January 2023.
3 International Copper Study Group 2023.
4 Wood Mackenzie’ report, “Copper: Things to look for in 2023” dated January 2023.
5 Morgan Stanley as of January 2023.
TSLA vs NIO: Buy and Sell EV's against each other v2!Okay so an update on a strategy we have been working on since well into early 2019. if you want to see the earlier chart it will be here or down below.
$1000
May 29 2019: Bought TSLA @$189.86 or 5.2 shares
a number of trades
October 26 2020: Sold NIO @$26.01 (cash $14,726) for TSLA @$420.28 or 35 Shares - total now 93.5 shares of TSLA
Current Total = 93.5 Shares of TSLA for value of $38516 or $37515 in profit
V2 starts with this refresh of the chart after a few splits.
An entire year went by until end of july 21 we started to see some slack in the market.
April 27 2022: Sold 93.5 shares TSLA @340.87 for NIO @18.28 or 1736
June 30 2022: Sold 50% of NIO 836 @22.01 for $19113 for tesla @301.76
NIO836 TSLA63
August 25 2022: Tsla split 189
September 6 2022: Missed a TSLA sell on Sept 6
October 31 2022: Tsla sell 189 @227.10 42921 Bought NIO @9.66 for 4443
total NIO 5279 shares
January 6 2023: Sold 50% NIO 2639 @9.82 25921 Bought TSLA 106.4 243 shares
February 15 2023: Sold TSLA @212.37 51735 for NIO @10.22 5062
Total 7701 Shares of NIO or $78708!
February 22 2023: didn't like what we see so we sold all NIO @10.14 $78088
50% cash 50% TSLA @$197.18 or 198 TSLA shares and $39042 in cash
Rev Your Engines: Why BMW is Poised to Dominate the Electric CarAlright folks! Today we're going to talk about a company that you might have heard of before, but maybe not in the way I'm about to present it. I'm talking about Bayerische Motoren Werke AG, or as most people know it, BMW.
Now, BMW has been around for a long time. They've been making cars since 1916, and in that time they've built a reputation for producing high-quality, luxury vehicles. But there's more to BMW than just luxury cars. They've also been at the forefront of innovation, particularly when it comes to electric vehicles and self-driving technology.
Now, I know what you're thinking. "Joe, I don't care about electric cars, I want to make money!" Well, let me tell you, investing in BMW is a smart move for a few reasons.
First of all, the company is a leader in the luxury car market, which is a highly profitable niche. They have a strong brand that's synonymous with quality and prestige, and they've consistently delivered on that promise. That means that they're able to charge premium prices for their vehicles, which translates into higher profit margins.
But it's not just about luxury cars. BMW has also been investing heavily in electric vehicles and self-driving technology, and they're making real progress in these areas. Their i3 electric car is one of the best-selling EVs in Europe, and they're set to release several new electric models in the coming years. And when it comes to self-driving technology, BMW has partnered with Intel and Mobileye to develop the technology that will power their upcoming iNext vehicle.
And here's the thing. Electric vehicles and self-driving cars are the future of the automotive industry. As governments around the world look to reduce carbon emissions and improve road safety, these technologies are going to become increasingly important. That means that BMW is well-positioned to capitalize on these trends and stay ahead of the competition.
So, to sum it up, investing in BMW is a smart move. They're a leader in the luxury car market, they're making real progress in the electric and self-driving space, and they have a strong brand that's built on a history of quality and innovation. If you're looking for a company that's poised for growth in the coming years, BMW seems like a great bet.
TSLA - In Bottom FormationTSLA is in bottom formation. It broke its trendline resistance with strong buying volumes and formed breakaway gap during announcement of its quarterly results.
This giant of electric vehicles stayed in topping zone for almost 2 years. Topping is a phase when a stock lacks any clear direction of movement and keeps swinging between a price range.
After formation of topping zone, TSLA followed imminent decline after breaking down the support of $200 price level. Recently, however, TSLA has seen a turnaround with the support of large buying volumes.
Now TSLA's next flight depends on its upcoming quarterly earnings. If it continues its growth, it could reach its all-time high (ATH) of $400. And if growth continues, it could surpass $400 level in the years to come.
TESLA Above its 1D MA50, first time since September. 193 target.Tesla Inc (TSLA) broke today above its 1D MA50 (blue trend-line) for the first time since September 22 2022. This is a major bullish break-out on the medium-term as every time it did so inside the long-term Bearish Megaphone pattern, the price rose by around +27.50%.
The 1W RSI is on a bullish reversal bottom pattern and as the price is also above the Lower Highs trend-line (dashed) of the last High, a +27.50% rise from the 1D MA50 sets a target for us at $193.00. Risk seekers can hold up to the 1D MA200 (orange trend-line).
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TSLA - Mixed Sentiment; Bias Downside.This may not be the type of post that satisfies everyone's thoughts and outlooks; however, lets get with it. Current price of this post is 144.15
There are many moving parts for TSLA, but what matters the most is not what we think; moreover, how the markets react. With that being said, we could see the following moves.
Upside:
first point touch 152
range 160 - 165
Downside:
first point touch 114
range 119 - 123
Granted those may seem like large movements, then again, we're talking TSLA.
My bias on TSLA is the market will wind-up to the downside, even if the stock spikes to the upside initially. And, I believe TSLA will be resting the 2023 lows before the end of February.
Therefore, if TSLA spikes and remains, look for TSLA back below the 152.
Tesla Inc. (TSLA) bullish scenario:The technical figure Channel Down can be found in the daily chart in the US company Tesla Inc. (TSLA). Tesla, Inc. is an American multinational automotive and clean energy company. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla is one of the world's most valuable companies and is, as of 2022, the world's most valuable automaker. The Channel Down broke through the resistance line on 24/01/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 18 days towards 168.10 USD. Your stop-loss order, according to experts, should be placed at 108.76 USD if you decide to enter this position.
Tesla Inc. said Tuesday it plans to spend $3.6 billion to expand its Sparks, Nev., gigafactory where it currently makes batteries and electric-vehicle parts.
The announcement came a day before the EV maker reports crucial quarterly earnings, and after CEO Elon Musk completed his third day of testimony in a trial over shareholder losses following tweets he made in 2018 about taking Tesla private.
Tesla said the battery facility would have capacity to produce “enough batteries for 2 million light duty vehicles annually.” In early January, Tesla said it delivered about 1.31 million vehicles in 2022. Analysts expect Tesla to increase deliveries to about 1.92 million in 2023.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NIO CARSif you don't like Tesla, Here Nio, the chinese version.
- Like Tesla, Nio makes luxury electric vehicles. Unlike Tesla, Nio does not make its own EVs, instead partnering with a state-owned auto manufacturer. Nio, Xpeng (XPEV) and Li Auto (LI) are startup rivals to Tesla in China, the world's fastest-growing EV market.
- Nio's great advantage is that its owners have the luxury of using both battery-swap and charging, reducing battery and range anxiety some might have with electric vehicles. In 2021, the founder, Li Bin, announced that Nio plans to expand to 25 different countries and regions by 2025.
Trading Parts :
- Notice the GAP in October 2022, around 10$. Then NIO started his first bullrun to 66$+.
- Right now the Gap has already been taken back in October 2022.
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Buy Zones :
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- Buy breakout around 13$
or
- Buy Retracement around 10$
TP : 26$ ish. ( at GAP zone )
SL : 5.8$
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- Trading is Trading but i consider NIO as good long term investment, but it's just my humble opinion.
Happy Tr4Ding !
PSNY: MACRO ANALYSIS / INTERSECTING CHANNELS / SQUEEZE? (UPDATE)DESCRIPTION: In the chart above I have included an in depth MACRO ANALYSIS of PSNY.
IMPORTANT:
- With late Novembers PRICE ACTION rejection at around 8 POINTS this led me to consider that despite our current uptrend the CEILING of the PREVIOUS DOWNTREND CHANNEL IS STILL VERY MUCH IN PLAY.
- RESISTANCE THAT WAS SEEN AT 8 POINTS WAS EXACTLY WHERE THE INTERSECTION LIES FOR BOTH THE CEILING OF PREVIOUS DOWNTREND CHANNEL AND CURRENT UPTREND CHANNEL.
POINTS:
1. DEVIATION OF 1 POINT PER SUPPLY & DEMAND POCKET. (Gaps between Supply & Demand Pockets is due to lack of STABLE CONSOLIDATION)
2. FUTURE POINTS OF CONTACT were estimated by taking MEAN AVERAGES from PREVIOUS POINTS OF CONTACT.
3. PREDICTED 10 DOLLAR price target by FEBRUARY 14TH was estimated by taking into consideration how much previous rally made price action increase after serious consolidation.
4. IT IS CRUCIAL MACD BEGINS TO STAY CLOSE TO MEDIAN AS IT CAN BE A GREAT PREDICTOR FOR A POTENTIALLY BIG MOVE.
SCENARIO #1: In a bullish scenario price action follows given path or makes more points of contact eventually breaking to the upside from DOWNTREND CHANNEL CEILING.
SCENARIO #2: In a bearish scenario it is important price action does not fall below 5 points this would in fact invalidate entire setup.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
when is the time to be long for $tsla?
$tsla is the one of the most popular company nowadays and every one has started to talk about getting in regardless what the analysts are saying. It dropped almost 75% from the top and there is still no any sign for uptrend. there are weekly supports may help to keep the price up. However, It seems that It will not bounce back until it touches the lower channel. I will definitely get in if I see uptrend on daily basis.