IDEX | EV Penny Stock | OversoldIdeanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia and the United States. The company's Ideanomics Mobility business unit focuses on the commercial adoption of electric vehicles (EV) by commercial fleet operators. This business unit provides solutions for the procurement, financing, charging, and energy management needs for the fleet operators of commercial EVs; and zero emission mobility solutions, such as the provision of commercial electric vans, trucks, buses, electric tractors, and two-wheeled transportation, supporting by the provision of energy services and infrastructure for the EV market comprising charging systems, energy storage, and energy generation, including hydrogen and solar, and associated data and management applications. It also offers high-power inductive charging solutions for medium and heavy-duty EVs; manufactures and distributes electric powered tractors; manufactures and sells hydrogen fuel cells and power electronics for electric, hydrogen, and hybrid powered vehicles; manufactures and sells electric motorcycles and the FIM Enel MotoE World Cup; sells EV bikes, scooters, and batteries under the Treeletrik brand; and sells ride hailing vehicles, electric vans, trucks, buses, and EV batteries. The company's Ideanomics Capital business unit provides fintech services, which focuses on the enhancement of efficiency, transparency, and profitability for the financial services industry. This business unit offers solutions for the real estate transactions, including title and escrow, residential and commercial title insurance, and closing and settlement services, as well as specialized offerings for the mortgage process industry; and acts as the Financial Industry Regulatory Authority-registered broker dealer that operates a funding platform. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York.
Electricvehicles
LiveWire LVW EV Motorcycle Company SPAC Blank Checkran across this in a Michael Burry article.
Transaction net proceeds of $545 million* will fund LiveWire's strategic plan to accelerate its go-to-market model, invest in new product development, and enhance global manufacturing & distribution capabilities
- LiveWire will benefit from industry-leading strategic partners - Harley-Davidson and KYMCO, a leading global powersports company headquartered in Taiwan - by leveraging their engineering expertise, manufacturing footprint, distribution, supply chain infrastructure and global logistics capabilities
- LiveWire pro forma enterprise value of approximately $1.77 billion
- Harley-Davidson and ABIC to Host a Joint Conference
Tesla - Recession poised to weigh on TSLA stock for longerThe next day after its earnings release for Q3 2022, shares of Tesla fell 6.65% by the closing bell. This move came despite record-breaking revenue being reported by the company, but one, which missed analysts' estimates. The company's report stated that the operating margin reached 17.2% and free cash flow exceeded 8.9 bn. U.S. dollars for the past 12 months.
In addition to that, the company said it would continue to focus on increasing production and development of its current projects. In the third quarter, Tesla produced over 365,000 vehicles and delivered over 343,000 of them, putting these figures substantially higher than those for previous quarters.
Overall, the earnings report was solid. But that does not change the fact a recession is underway, and the stock is down approximately 50% from its all-time-high value. While that looks like a bargain to the past, we do not think so. In our opinion, the increasing cost of electricity (or even its unavailability in some countries because of the energy crisis) will pose a short-term obstacle to selling more cars for Tesla in Europe.
Furthermore, with people's declining savings, we expect consumers' willingness to buy vehicles to fall dramatically in the next year. Indeed, we think this will pose another substantial challenge for the company in 2023. Because of that, we believe now is not the time to buy this stock; instead, we will stay on the sidelines and wait. Our views are based on a combination of fundamental and technical factors.
Illustration 1.01
The picture above shows the Tesla stock deep in the bear market territory, down approximately 50% from its all-time-high value.
Technical analysis - daily time frame
MACD is bearish but flattening. RSI and Stochastic are bearish. DM+ and DM- are bearish as well. Overall, the daily time frame is bearish.
Illustration 1.02
The image above displays the daily chart of Tesla stock. It also shows simple support/resistance levels. We will monitor the price and its ability to hold above/below the immediate support; if the price fails to hold above it, it will be bearish.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
10/16/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $642.33B
Current Price: $204.99
Breakdown price: $207.50
Sell Zone (Top/Bottom Range): $211.25-$255.00
Price Target: $182.80-$186.00 (1st), $83.80-$78.40 (2nd)
Estimated Duration to Target: 14-17d (1st), 123-129d (2nd)
Contract of Interest: $TSLA 11/18/22 200p, 2/17/23 180p
Trade price as of publish date: $16.05/contract, $20.10/contract
Descending Broadening Wedge for TSLA?!?Bearish cross on the Williams Alligator.
Bullish Cross on the KST.
$25.00 by 2025 unless TSLA pulls another Solar City-type deal with SpaceX.
If the stock does a 360 it'll only be to $360USD.
TESLA - $TSLA - Head & Shoulder - Distribution almost OVER!!!!!When great trees fall, rocks on distant hills shudder, lions hunker down in tall grasses, and even elephants lumber after safety.
Soon Tesla will move from the head & shoulder -- down to its KNEES and that is when we will execute our entry for a long hold.
Sorry Elon, your Ponzi gig is up, you can't produce because you don't have materials and the ones that exist are over priced just like your vehicles.
Your stuck boo, your in a corner, stalemate, king cannot MOVE!
I presented this head & shoulder pattern on $TSLA back in July, before the Right Shoulder was complete and now we are on to the final stages.
I see a bounce occurring before heading lower.
On Monday - US holiday - we should expect lower volume and usually that means a sell off.
This view is on a weekly timeframe. I believe Tesla will wick below the neckline as it has in the past and then squeeze up and fill the GAP to $262.47 (1st target).
If the S&P500 shows strength mid October, prior to OPEX options expiry date, Tesla may keep trekking up the the second target which is in the $290 range before breaking the neckline.
Head and shoulder criteria:
1. Buying volume is diminishing and showed most strength on the left shoulder.
2. The head is much higher then the left shoulder.
3. The neckline fits the description of a proper head and shoulder pattern.
GOOODLUCK TRADERS!
TESLA Ahead of the first 1D Golden Cross since August 2021.Tesla (TSLA) confirmed the Bull Flag from our last analysis one month ago and broke out of it while holding twice the Higher Lows trend-line from the June 16 Low:
The last touch was three days ago and naturally that is giving the stock a short-term (at least) boost. The price completed the 1D MA50/ MA100 Bullish Cross last month but now is ahead of the critical Golden Cross formation (when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line)). If completed, it will be the first occurrence since August 2021. Technically that should be a strong bullish signal but the Higher Lows trend-line plays an equally important role. If broken the uptrend may turn into the (green) Rectangle pattern that has kept the price from breaking above 315.00 three times.
This is approximately where the 0.618 Fibonacci retracement level is and if broken we can finally see the bullish rally completing a new Lower High at the top of the long-term Channel Down. A break below the Rectangle, can test the 0.236 Fibonacci as the next Support level. Keep an eye on the MACD (1W time-frame). It is still on a Bullish Cross but a new Bearish Cross could mean a new round of medium-term selling towards the bottom of the Channel Down, much like the Jan 05 and April 28 Bearish Crosses.
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Dark Pool Buy Zones and Sell Short Risk: LCIDDark Pool buy zones tend to provide strong support for stocks running down. If a stock violates the lows of such support, the rebound tends to come quickly, erasing any sell short profits.
This young EV auto manufacturing company is near its IPO price range, which is strong support. The retest of the lows of this bottoming action doesn't show much downside potential for a strong sell short.
There is risk that LCID may gap or run down but then reverse quickly and move back up. Whipsaw reversal candles near Dark Pool buy zones can cause big losses for short sellers at this level.
Rivian Could Be Forming a RangeElectric vehicles have been in focus since the Inflation Reduction Act boosted green-energy incentives. Let’s check out Rivian Automotive, the truck maker trying to stabilize after a big slide.
The main pattern on today’s chart is a parallel channel forming between roughly $30.80 and $40. RIVN initially bounced at the low in mid-June before proceeding to a four-month high. It pulled back to retest that low in late August before rebounding to $40. The stock ended last week back near the bottom of the range. Will investors look for the recent low to provide support?
Next, stochastics are nearing an oversold condition. RIVN’s bounce in early September followed a rebound from the oversold low. Traders may watch the oscillator for clues again.
Third, in addition to the channel, price is trying to bounce at the 100-day simple moving average (SMA). That could suggest its longer-term trend is getting more bullish.
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Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
TSLA, broke the triangle, that points to lower prices, but...315 has been a very strong resistance to break for TSLA. On the chart you can see that the top box was built from the top of the breakout gap of Oct25,21 and the pivot point high of Nov4, 21, then we cloned it to establish the bottom box whose floor was the target of the correction, which was met to perfection.
Last Friday TSLA broke below an almost symmetrical triangle and although this portends further lower prices, it is possible that the rebound we are expecting from the SPX tomorrow Monday and/or Tuesday, may help TSLA to recover the inside of the triangle. There is support at 265 and 255.
We remain neutral at this time, but think that 315 will stand as resistance for quite some time.
EKI ENERGY SERVICES. its a great model business. as the new future is of EV sector, EVa vehicles and so on.., this stock will come in demand with many other automobile making company, to check their carbon offsetting. government will too focus on this sector, too make the the country pollution free.
currently, now its in demand sone(support level), it should rise.
good for swing trading.
and the best part of stock is- it recently launched its IPO, ipo was subscribed in a great manner, and within some time itself, it gave a good divident along with a stock split.
Lots of Things Aren’t Happening with TeslaLots of interesting things have been happening in the market lately. Today we’ll consider those, plus what isn’t happening in Tesla.
First, the S&P 500 knifed below its 50-day simple moving average (SMA) in early September. TSLA, on the other hand, bounced at its 50-day SMA.
Next, the bigger index saw its price ranges widen as volatility increased. TSLA’s, on the other hand, narrowed.
Third, the S&P 500 hit resistance at its 200-day SMA in mid-August and quickly fell back under its 100-day SMA. But TSLA managed to remain above its 100-day SMA three weeks ago and has spent the last week consolidating above its 200-day SMA
Finally, the S&P 500 hit a two-month low at the end of last week. But TSLA has remained in a tight range near its highest levels since May.
This leaves the electric-car giant in a potentially interesting spot about two weeks before the release of quarterly delivery numbers. There have also been reports this month about some big production gains as capacity comes online and supply-chain issues improve.
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TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Tesla Gets TestyOver the past few years, not many companies have seen the hype that Tesla has when it comes to its stock performance.
Starting at $1.10 in 2010 and pushing up to the range of $1200 near a decade later (before the stock split), early investors have enjoyed monumentally unfettered growth in profits.
A side-effect of this historical growth has been undeniable euphoria. There is no better drug for a trader to experience. Even after Elon Musk sold large amounts of his shares, euphoria is what kept many retail investors loyally invested. The only reward to come was a loss of peak gains.
Although Tesla has more juice in the battery pack and could easily extend its value towards $520 in the months ahead, the pending correction will be monstrous and one that any investor should want to protect themselves against.
See related ideas below:
Tesla Prepares for Major Dip... (before a stock split was actualized, the waves showed that a return below $500 was very likely to come).
Tesla Returns to $50... (a supremely immature call. The current position of the pattern was also incorrect however, the retest level below $50 is very likely to manifest beyond 2023).
EVs recovering with Inv H&S; watch BO>wma 50@41Volume has been steadily decreasing since KARS fell from 52.31 ATH. It is preparing to cross above my
Green zone which is at the intersection of weekly wma50 & 100 & also the Ichi cloud resistance.
Once KARS holds 41, then 50 will be the next target. So watch out for volume to increase on BO.
Not trading advice
NIO SETUP LONGNYSE:NIO
NIO is thriving despite a faltering Chinese economy.
It has good recent earnings and is competing well with TSLA
and other Chinese EV's like XPEV In the meanwhile it
is making inroads in Europe, especially Scandanavia
They say buy low ( weakness) and sell high ( strength(.
NIO is weak right now as the chart shows. with price
below the cloud now sitting on an advance buy order
support with a low RSI. This is a buying opportunity
As ab aside BIO is said to be seeking a partnership
arrangement with a US Domestic EV company. Should
it find such agreement, it fundamentals likely would
get another uptick.
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
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.
MP Rare time to buyThis has been a despointing few weeks I think this has a shot way oversold. has an uphill battle of resistance along with MA if it can change trend and move past 200 id be a happy man
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
