RIDE this RIDE?I know very little about this company. What I do like is the price action and pattern I am seeing. I have seen this giant broadening pattern many times over the last few years and they are extremely powerful. However, they are not easy to trade. The descending nature of the lower trendline make it difficult to catch a bottom. What I prefer to do is use patience and nibble at the extreme drops and think BIG PICTURE. Personally, I am nibbling on this one now and will treat it as a speculative but longer term swing trade perhaps with CALL OPTIONS out for 2023.
EV
$lcid After $TSLA crushed their Q4 delivery numbers, the EV sector started to heat up again. $LCID put in a higher-low at the .5 retrace ($36.93). Price is also above the 21 day ema and we are not setting up for a bullish 5-21 ema cross.
Support: $36.00
Resistance: $45.00
$TSLA | WEEKLY WATCHLIST 1/10$TSLA 1D
Seeing lots of bearish counts predicting < $900. However. I'll provide a more bullish count until proven otherwise. For this to work, we MUST see strength come in this week and hold.
If > $1000, possible for a NATH.
$NIO | WEEKLY WATCHLIST 1/10$NIO 1D
Looking for a new low for Nio. Watching $24-26 region first to hold, otherwise we can see $20, $15 before any major low..
RIDE at All Time LowYou like to buy the all time low?
Lordstown Motors Corp. (RIDE) lost 90% of its value from all the 52 week high.
52 Week Range 3.27 - 31.56
% OF FLOAT SHORTED: 19.47%
As a speculative buy, my price target is the $6.8 resistance.
Looking forward to read your opinion about it.
TESLA Buy Opportunity - Buy the retracement !A series of bullish candles formed from 21 Dec during the pump from support line @ 888.5
Currently, we expect a pullback or retracement as TESLA hits its resistance zone @ 1075.7
A good BUY ZONE is @ the 0.618 fib level - 985 to 1007 zone (shown in the chart as white box)
This region also qualifies as retesting the top of descending channel that TSLA broke out of previously.
SL below or at 935
TP1 1078
TP2 1170
NAKD Naked Brand Stock - the Cheapest EV Play YetBoth technical analysis and fundamentals are looking ready for a comeback.
Cenntro produced 628 electric vehicles in December 2021 - highest volume in a single month
2022 guidance to deliver a minimum of 20,000 vehicles.
Market Cap 390.294Mil, still small.
My price target is the 11.50usd resistance.
Looking forward to read your opinion about it.
Set Alerts for these linesThe art of catching a fallen knife takes lots of patience.
The best time to buy a falling stock is when it starts reversing, and for that you need to have at least 2 confirmation levels for NIO to break.
Before buying in NIO, you would need it to break the resistance trend line CONFIRMATION 1.
Then for a strong trend reversal confirmation you need NIO to break the resistance line CONFIRMATION 2.
Draw these 2 lines and set alerts for them.
Let the trade come to you, don't chase the trade!
Tesla At Top Of Channel!I'll keep this simple. Look at what happened every time Tesla touched the top of this channel. I'll make you guess if a short or a long makes more sense!
Love it or hate it, hit that thumbs up and share your thoughts!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice.
$TSLA | WEEKLY WATCHLIST 12/27$TSLA 1W
Everyone is posting the same charts about Tesla this weekend. Just remember that senpai had you covered since the BOTTOM at $900. Expecting continuation early this week into $1082-1092. If we can clear $1100, we have room to $1136 before any pullback. You were warned.
$NIO | WEEKLY WATCHLIST 12/27$NIO 1W
Although tempting, I believe I'll hold off this week on an entry. Really want to see reaction in my $25 range first before any LEAP options. Worth noting a weekly hammer candle though.
Moved off that $0.01 support level. Moon next $1 price target. Love this company long term. LYI's Electric Vehicle (EV) Ecosystem strategy is concentrating efforts first on developing solutions for the East African market where per capita transportation is low and EV solutions have the potential to be a first to market transportation solution rather than a replacement of an existing solution.
ALYI has announced a $10 million revenue target for 2022 with a stretch revenue target to $50 million.
ALYI has designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token (RVLT) to finance ALYI's growth by offering participation in the EV Ecosystem through the sale of Revolt Tokens.
$USOIL 12/21 chart update*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 !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$BTC low risk high reward*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*
Wassup fellas! In our previous $BTC post we said that Bitcoin needed to reject the $48000-$49000 zone for there to be a strong sell off. We are still expecting this scenario to play out, but if it doesn't and $BTC rallies again then our trade will be stopped out at $50000.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
TSLA: C WaveTSLA may be in a C wave - watching the 2.618 fib retrace from the peak of the last rally. Sub $900 possible before the end of the year.
LCID: Dead Cat Bounce?After opeing at ~16% lower a the start of the trading day, LCID has been on a tear to regain support @ 45. While this move has been impressive, it is likely that the bearish trend has been established and LCID will continue lower - possibly retesting 40 - lather this week. Keeping an eye on this one. LCID 40 PUT 12/17 could be the play
$USOIL bullseye *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Will oil break through or bounce off of our support tomorrow? Leave your thoughts down below!
!! This chart analysis is for reference purposes only !!
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$NIO | WEEKLY WATCHLIST 12/20$NIO 1D
Still not interested in anything long yet. Waiting for atleast $24-26 region to get tested first. No rush here.
$LCID | WEEKLY WATCHLIST 12/20$LCID 1D
Seen quite a few counts from others pointing towards more down. However, I want to provide a slightly more bullish look. **IF** lows hold from here, we may have put in a sub wave 2 and retesting $46 then $52.
$USOIL chart analysis*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 !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NAKD shareholder merger approval special meeting on Dec. 21Naked shareholders will receive 7 shares in the new entity for every 3 existing NAKD shares they own.
The combined company will have a market capitalization of nearly $2 billion.
Cenntro Automotive, NAKD`s merger, is a leading EV technology company with advanced, market-validated commercial vehicles, that has selected Jacksonville, Florida for its first U.S. based manufacturing facility.
I consider buying NAKD shares before the shareholder merger approval special meeting on Dec. 21 to be a good opportunity!
MULN undervalued EV play on Support levelMULN, Mullen and ARRK, a Leading German Automotive Engineering Company, yesterday Announced a Partnership for Upcoming Mullen FIVE EV Crossover!
ARRK is a leading automotive engineering company, working with some of the most well-respected automotive manufacturers, such as BMW, VW brands and Mercedes-Benz.
ARRK will be supporting Mullen Automotive in Computer Aided Engineering (CAE), body in white, battery, closures, interior, chassis, thermal, and infotainment engineering.
52 Week Range 5.45 - 19.15
Market Cap 129.909Mil
Looks like a steal to me!
My price targets short to medium term are $9.5 and $13.2.
WKHS: Interesting monthly signal and solid fundamentalsI am interested in $WKHS here, been eyeing it for ages since @timwest brought it up long ago. There's now an active long term uptrend at play here, which may result in a very profitable trading enviroment, if it pans out. You could milk this trend and the key levels in the stock with various methods, using T@M and Key Hidden Levels techniques.
Keep an eye on this one, lately $TSLA and $NKLA have caught everyone's attention, it will certainly drive interest towards $WKHS going forward. They have $GM backing them, and some deals with USPS and UPS up their sleeves. Small company, but certainly interesting.
If the market peaked, we might see it slide back down to support, so keep in mind this bearish scenario. I doubt it will go much lower than that if it does drop.
Cheers,
Ivan Labrie.
