8/17/22 QCOMQUALCOMM Incorporated ( NASDAQ:QCOM )
Sector: Electric Technology (Telecommunications Equipment)
Market Capitalization: $166.799B
Current Price: $148.53
Breakout price trigger: $151.35
Buy Zone (Top/Bottom Range): $146.80-$141.25
Price Target: $164.20-$165.30
Estimated Duration to Target: 32-35d
Contract of Interest: $QCOM 9/16/22 150c
Trade price as of publish date: $4.75/contract
Electricvehicles
FSR Uptrending in Ascending ChannelNYSE:FSR
FSR is uptrending on the one-hour chart.
It is in the bottom quarter of the channel
and relative strength is mid-range.
It is at the multisession VWAP after
a small pullback down into the bottom of
the channel and seems to be at
a long entry.
At the last earnings, FSR exceeded analyst's
expectations.
FSR's website and marketing suggest a
bit of a "cult" forming.
The recent legislation and bill in DC
for federal tax credits may serve as
a catalyst for a further price action
All in all, FSR might be worthy of an
upgrade from watch to buy.
7/17/22 LILi Auto Inc. ( NASDAQ:LI )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $37.118B
Current Price: $38.45
Breakout price: $39.00
Buy Zone (Top/Bottom Range): $38.10-$36.15
Price Target: $40.50-$41.40 (1st), $47.30-$48.50 (2nd)
Estimated Duration to Target: 13-15d (1st), 54-58d (2nd)
Contract of Interest: $LI 8/19/22 40c, $LI 9/16/22 40c
Trade price as of publish date: $2.70/contract, $3.80/contract
Alpha opportunity from modem and processor chips monopolySummary
3 years into Covid and the risk of recession starts to outplay the chip shortage story of semiconductor industry. With its unmovable monopoly status in its own specialties, we think there is alpha for Qualcomm against its semiconductor peers . Dominance in modem chips and smartphone processors, the company recently declared another victory as Samsung KRX:005930 gave up the plan of using the self-developed processor Exynos2300 and continue with the latest snapdragon SM8550 for the coming new galaxy S23. Just a few days earlier, another source has also shown that Apple NASDAQ:AAPL might not be able to develop their own 5G modem chip on time, which means until 2023 100% of apple products will continue to rely on Qualcomm for connectivity modem chips (instead of the previous forecast at 20%). Although the smartphone market is expected to go into a bear market for 1-2 years, Qualcomm business should still be able to maintain growth by expanding market share within . Another trend worth note taking is the rapid adoption of electric vehicles that has speeded up the development of smart-automobiles, which as a result dramatically increased the chips consumption for the automobile industry. Qualcomm infrastructure and experience in internet-of-things (IOT) application is going to give them a natural edge to make a monopoly again in car chips , which can be the growth story in the coming 2-3 years.
Albeit claiming monopoly in modem and high-end mobile processor chips, there are plenty of challengers from Taiwan and China especially on the lower-end chips. Among the challengers, Mediatek from Taiwan is rapidly gaining market shares by producing chips for mid-to-low tier smartphones such as Oppo, Vivo and most models of Xiaomi. The price barrier from lower-end chip makers make it hard for Qualcomm to entering the broader IOT market especially for devices that do not require high efficiency and computational power.
Trading discussion
Given the mid to long term positive outlook of Qualcomm, we can trade QCOM from both a short term rebound angle, as well as long term investing perspective . The company is currently trading at PE of 13.5, which is lower than its semiconductor peers. Low PE stocks are more defensive against valuation squeeze under the current increasing interest rate environment. Here are QCOM’s peers current PE for reference:
NASDAQ:AVGO : 23.9
NASDAQ:NVDA : 40.7
NASDAQ:AMD : 28.7
NYSE:TSM : 17.4
Technically speaking, QCOM is still under a bearish trend with the 20 days moving average running below the 50 days, and both pointing downward. The 50 days moving average is still the biggest upside resistance for QCOM with two previous breakout attempts on Apr-28 and May-31 both failed. Currently QCOM is flirting around the 50 days moving average again and we shall closely monitor if the breakout will be successful or not.
Here are some technical levels one should pay attentions to:
Downside support
118.23: Jun-23 dropped to a 52-weeks low
96.17: Jan-17 2020 pre-covid high, which was broken on Jul-30 2020
Upside resistance
136.39: Jul-8 attempt of breaking 50 days moving average
151.2: Apr-28 attempt of breaking 50 days moving average (also the current 250 days level)
Note that short term traders and long term investors can see and use the above levels quite differently. For short term traders, the upside resistance can serve as entry when breakout for trend following, and breaking downside support to exit. On the contrary, long term investors might make use of the downside support as entry to accumulate long positions at lower cost to save up more cost buffer to ride a longer cycle.
$TSLA TESLA Motors Bearish Pennant vs Bear Flag$TSLA TESLA
I wouldn't ignore this bearish pennant on the 1 Day - daily.
It had a death cross on daily at the end of MAY. This is generally a lagging indicator and it appears it might be ready to show out after printing a bearish consolidating pattern.
Support levels are marked below. Also a GAP marked in RED.
I am wishful hoping the gap will fill because I would love to load up on shares but I'm not sure if it will go that low ever again.
Will Elon musk & Tesla change the WorldThe statistics are between $732 - $950 (1 Year).
After delaying virtually all new vehicle launches for the last few years,
Elon Musk has now set a strong timeline for Tesla to bring Cybertruck, Roadster, and Tesla Semi to production in 2023.
Once these products and more come out, Tesla will blow up again by at least $1.500.
Cathie Wood's Ark Invest says Tesla stock will more than quadruple in price by 2026 if it can deliver a network of self-driving taxis.
ARK Invest reiterated its bullish view on Tesla on Monday with a $4,600 price target by 2026.
TSLA 2021 fractal points to a 540 to 800 range for 3Q2022Don’t expect TSLA to break above 800 in the very short future. If we take the May 2021 yellow box fractal as a guide, the volatility range this 3Q will be between 540 & 800 or even until Oct or Nov of 2022.
WHY LOOKING BEARISH: Even Elon himself is preparing for a downturn by reducing labor force. On the technical side, since breaking below 800 in early May2022, TSLA has just been pivoting around the 700 zone unable to recover 800 but instead, it is making lower highs & lower lows this whole June.
My M-pattern scenario might still play out with the bottom coming at around 540 or even 420. (I just have a hunch Elon will defend the 542 zone with his illogical TWTR offer price also at 54.20 per share). My maximum pain level of 420 happens to be a 1.618 retracement of the wave B rally. Ending this ABC correction will start wave 5, probably to do a melt-up top before recession kicks in in 2023.
EV may be a shortterm solution for current fuel crisis but the chip shortage & charging infrastructure are still headwinds. The expensive cost of EV & EV batteries is also delaying a migration from gasoline & diesel vehicles.
Not trading advice
$TSLA Analysis, Key Levels, and Targets (REQUEST)$TSLA Analysis, Key Levels, and Targets
I got a few requests for Tesla…. I don’t actually trade Tesla often - I did last month and did great 💃🏻- but I track it…. I don’t think I changed a whole lot from the last chart…. I have a few targets below that if they hit I’d go long for a quick scalp…
Hopefully whoever asked for this knows how to read my charts because there’s lines errrrywhere…
Have fun, y’all…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NIO: Deliveries up YOY!!NIO
Short Term - We look to Buy at 16.34 (stop at 11.63)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. They reported a 11% year on year rise in deliveries which is good fundamentally. The trend of higher lows is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Further upside is expected although we prefer to buy into dips close to the 16.00 level.
Our profit targets will be 27.48 and 32.00
Resistance: 24.00 / 34.00 / 45.00
Support: 16.00 / 12.00 / 5.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
NIO (NIO) | Starting To Get Attractive Around $10Hi,
Criteria:
1. Channel projection (quite subjective)
2. Mid-number $10
3. Fibo Extension
4. Previous minor resistance can play a role inside the zone
5. Potential gap fill
Do your own research and if it matches with mine you are ready to go.
Regards,
Vaido
EV's Costs SkyrocketingZinc, Cobalt, Palladium, and Lithium are raw materials that go into batteries. The prices of these raw materials have skyrocketed. This means that electric vehicle producers that need these materials to make their batteries are about to see price increases for their products. Electric car makers like Tesla and Rivian will be forced to pass these prices onto consumers. Expect inflation across the supply chain.
ZEV all time low | Falling Wedge Chart PatternZEV Lightning eMotors manufactures zero-emission commercial fleet vehicles and powertrains to commercial fleets, large enterprises, original equipment manufacturers, and governments in the US.
In the chart we can see a huge Falling Wedge Pattern, which is a bullish sign.
On 3/29/2022 DA Davidson brokerage Lower the Price Target Buy rating from $17.00 to $13.00
My price target is the 9.30 resistance.
Looking forward to read your opinion about it.
$NIO Key Levels, Analysis, & Targets$NIO Key Levels, Analysis, & Targets
I like NIO. I find it easy to trade, though I haven’t traded it in a few months because the down trend was too strong… and even though I do think that, ultimately it will go lower I think I’m in for a quick swing…
Swing setup
1 at 19.61
1 at 13.72
2 at 10.63
(Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size)
If all 3 hit I’d be looking for a 55% swing
And dang… I would love to load up in that gap around 9.50-10.50
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NIO Inc (NYSE: $NIO) Looks Ready To Rocket! 🚀NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The company offers five, six, and seven-seater electric SUVs, as well as smart electric sedans. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Public Charger, a public fast charging solution; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service, where it offers vehicle pick up, charging, and return services. Further, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; courtesy car services; and roadside assistance, as well as data packages; and auto financing services. Additionally, the company offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. NIO Inc. has a strategic collaboration with Mobileye N.V. for the development of automated and autonomous vehicles for consumer markets. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was founded in 2014 and is headquartered in Shanghai, China.
RIVN you can still buy it cheaper than Soros If you haven`t bought the all time low here:
then you should know that you can still buy cheaper than George Soros.
Billionaire investor George Soros bought a $2 billion stake in electric truck startup Rivian in the quarter ended Dec. 31.
His average should be around $100.
My short term price target is 69.50.
Looking forward to read your opinion about it.
TESLA looking bearish on the dailyLooking at Tesla on the daily chart I have broken down how I am playing this one for the long and short-term.
So clearly TSLA is looking pretty bearish along with most of the major stocks these days. Today we see price breaking down and setting up to potentially test that very strong support level and low of $700 from a couple of weeks ago.
Since Tesla hit all time highs on November 4th the stock has had a few failed breakout attempts. On one occasion it looked pretty promising to break all time highs only to hit 1200 resistance.
$1000 is a very important psychological price level and on this chart we can see lots of areas of support and then breaking through that level so now 1000 is resistance.
Price also hit some resistance at the 950 level as well.
The plan for the bulls would be for of course 700 to hold and for price to start making higher highs and higher lows. A break back above any whole number is a start, 800 then 900 and then that 950 wall.
Once TSLA is breaking back above 1k I would feel pretty confident for the bulls but until then I see this looking more on the bear side.