NVDA Continued Downside RisksThe chip sector has been riding high on assumed strong demand for chips around EV and common goods. I'm not a firm believer this sector will be as bullish and as 'in demand' going into the winter months as countries are starting to experience expansions of higher inflation, company layoffs, and tighter budgets by both companies and consumers. Eventually there will be a time and place for chip demand; however, I don't believe that time is now.
Keep in mind NVDA reports earnings in two days.
EV
$CHINAH bullish set-up? 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
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Tesla Postpones Descent Below $500 | Digital Surf TradingThe supreme Tesla giant has postponed its tremendous descent below $500 as the previously anticipated Extended Flat has turned out to be a Running Flat correction instead. With a level of concrete support established in the $700 range, the EV leader is now due for a new all-time high in its Wave 5 move which should allow Bulls to reach between $1700 and $2300 by Summer/Fall 2023.
The science of price action lets us know that after a 5 wave move completes, a 3 wave correction is to follow. For Tesla, this means that its postponed downswing should see the levels of $170 at most and a mind-boggling $35 at the least -- within the next 3-4 years.
I believe there is decent chance that Tesla turns into the next greatest bubble stock. The alternative being that its price will reach beyond $100,000/share during the 2030s, which I'm just super doubtful about. I have no position with or against this stock so I share this with 0 bias and am simply looking forward to see how the price action develops.
TSLA LONG ( Cup & Handle)NASDAQ:TSLA
TSLA on the 4H Chart printed the handle /retracement to the Fib 38.2
and is now either in the early reverse or simply trending within the
downward parallel channel. It is perhaps a good sign that
TSLA was relatively strong on a weak day in the overall market
NASDAQ:TSLA
TSLA SHORTNASDAQ:TSLA
On the 4H Chart, TSLA is at the resistance of the SEll orders @ $ 924 with a Doji Candle.
TSLA is looking to reverse the trend and head down to 860 or beyond to 720.
Terminal RSI divergence hints at the reversal as does the increasing Choppiness Index.
A stop loss set at $1.00 above today's high seems reasonable and yields a low risk
for the expected reward.
What option would you use to trade a put to address this idea?
TSLA SHORT now SETUPNASDAQ:TSLA
TSLA has hit heavy resistance on the 2H chart as it
came up on the heavy sell order zone and the POC of the volume profile
TSLA reacted with Doji candles demonstrating buyer versus seller push and pull dynamics
The RSI is decreasing with a rise in price showing divergence and suggesting
TSLA is about to roll over. The Choppiness Indicator is still moderately elevated
showing buyer. seller action is sideways.
All in all, I forecast that TSLA is set up to short ( or via put options ) with targets
of 790 and 705. For a great reward-to-risk ratio, the stop loss can be $1.00 above
the top of the sell order zone.
Please review and offer your opinion in a comment !
( As an aside take a look at my idea of Sell Tesla Buy Ford using a TSLA / F ratio over
time as the key data for the analysis)
Upsize potential for VAG (VOW) due to EV salesVAG shows potential for doubling its share value in the next year due to EV sales.
Fundamentals:
VAG outplaced TSLA in Europe by sales of EVs in 2022 and has strong momentum which is backed by models ID.4 and ID.3 will continue.
eu-evs.com
Technicals:
- potential ending C (from ABC) -wave on weekly
- with the potential to end at the top of the channel on weekly - about 400 EUR/share
- 0.382 retracement from the spake in 2008 is at the same 399 level.
earnings on deck for $RIVN beaten down growthFundamentally we all know that RIVN was overvalued from day one and was in many ways a poster child for the growth at all costs movement of 2020/21. However, after shedding 80% of its value perhaps it is finding some interest. Like most growth names it has picked up in recent weeks but still faces overhead supply on any large bull run.
All that said I have seen a fair number of their trucks on the roads of Colorado this summer and sales will eventually broaden. As long as they can keep up on both manufacturing and company management this may in the long run prove to be a good buy. I will be waiting for earnings before making a move myself.
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.
COMPOSITE INDEX Electric Vehicle Stocks TRENDING BEARISH In this daily chart, I made a composite index of electric vehicle stocks using
an approximate formula weighed by stock prices but not market cap.
( ( $NIO + $LCID + $RIDE + $NKLA +$WKHS) x 50 ) + $TSLA
This serves as an approximate normalization adjustment of the varying
stock prices in the collection of stocks.
I did this to later check to see if there is any effect of new legislation
impacting federal tax credits for electric vehicle adoption as a catalyst
for price action.
So far YTD, the composite at large has fallen 18.5% varying from
TSLA is down 6% and LCID as an example of others is down 36%
The composite will be a quick and easy way to see if the composite
and so the market cap of the underlying stocks inflects its downtrend
responsive to the federal legislation catalyst.
FSR in ASCENDING CHANNEL 2Hsince reversal pivot about June 17th when SPY bottomed for the year estimate
FSR reported earnings exceeding estimates this past week.
This may be a fundamental catalyst for more trend continuation.
Volume oscillator shows a healthy to and fro.
FSR is sitting on the Support trendline as well as the POC of the volume profile
making for a narrow stop loss.
Call option strike $15.00 expire 9/16 @ $.30 current price.
Chinese Stocks Inverse H&S reversal? BABA had strong earnings and beat earnings expectations.
The stock popped and retraced back however it is showing nice support on that right shoulder along with XPEV and & NIO.
I like these stocks as a buy here and think they can easily reach the neckline resistance by the end of the month. They
They have all broke their respective downtrends.
XPEV & NIO have earnings this month and with many people converting to electric vehicles they could surprise us in a good way.
Im still skeptical on SPY at current levels so I would like to see how these stocks react on the next retracement/correction/continuation.
$TSLA Analysis, Key Levels, and Targets - REQUEST$TSLA Analysis, Key Levels, and Targets
I just want to say that I do not trade TSLA. This is for my good friend @rock1986
MacD is one of the best momentum indicators… and on the weekly timeframe it does not support a move above the W35EMA. Not yet. I’m not saying that it can’t, but it’s not likely.
LOL… @rock1986… I hope that at this point, you’ve followed my charts long enough that I hope you know what I’m saying without the need for me to explain….
Lots of targets for you, and for me as well…. If you have any questions let me know… the addition of the bear flag was your idea… (and it would justify target 3)
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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 a technical blessing 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered Chinese Electric Vehicle company $NIO today at $22.50 per share. Our first take profit is set at $27.50. We also have a stop loss at $21.
OUR ENTRY: $22.50
FIRST TAKE PROFIT: $27.50
STOP LOSS: $21
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Price Moving Into Resistance But Still Looking Bullish!Hello Traders & Spectators,
LCID has fallen a lot in the past few weeks like everything else but has found a temporary bottom and is now looking to move higher. It is now at a major resistance that it hasn't been able to pass previously but since this resistance has been tapped so many times, that means it is getting weaker. A relief pump seems to be unfolding and ii can see prices pump to the dashed lines above. What do you think?
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
Sono Motors (SEV)This is a chart of the solar EV company Sono Motors (SEV). The company is headquartered in Germany and went IPO on the Nasdaq in 2021.
This stock is presenting a decent risk-to-reward setup because it has been finding support within important Fibonacci convergence zones (yellow area). I created this Fibonacci convergence zone by using trend-based Fibonacci retracement combined with a long-term Fibonacci drawn from the stock's highest ever price down to a price of zero. Any bottoms that form in or near this Fibonacci convergence level will likely be extremely significant.
Aside from a Fibonacci analysis, a double bottom recently formed on the daily chart. Of further note, IPO stocks have been showing signs of beginning to outperform the broader market. While the broader market was making lower lows in June, many IPO stocks, such as SEV, have been making higher lows. Oscillators on the longer-term charts validate this trend by showing signs of beginning to oscillate back to the upside. This is a long-term bullish signal for IPO stocks. Here's a great post by @TradeStation for a more in-depth analysis of the recent IPO outperformance:
$NIO Analysis, Key Levels, and Targets$NIO Analysis, Key Levels, and Targets
So I don’t have a NIO position at the moment, but I did yesterday… I closed my options out in January and for a 17% move in NIO I took 25% on my options…. Not a bad day, and it was just a 1 day hold… and when NIO dips I’m buying again…
I like NIO, and to me it’s starting to look very bullish. It’s likely to become one of my regular plays again along with RIVN and LCID. I might even play TSLA again at these levels. I do believe that EV companies will do well in the next few years.
Any other EV or FuelCell companies on your radars??
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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…
$TSLA Analysis, Key Levels, and Targets (REQUEST)$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…
—-
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…
$TSLA tweet about it 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team entered electric vehicle company Tesla $TSLA today at $881 per share. Our take profit has been set at $1100.
Elon Musk: "Tesla has diamond hands"
Our entry: $881
Take profit: $1100
If you would like to see more, please like and follow us @SimplyShowMeTheMoney
$CHPT up 32% in the last 7 Days will we see profit taking? No doubt chargepoint is a great company and is cheaper than last year. BUT we are still in a bear market, can we see some profit taking or will we see it continue to trend up. I believe we will see some red and profit taking and will come down just a bit before another run.