EV
ACTC Breaking out of Down TrendLONG ACTC as they have merged with Proterra which is set to take advantage of the US investing heavily in EV's as Proterra is the leading manufacturer for public transport Ev's.
$FSR PT 24Fisker Inc. (NYSE: FSR) (Fisker) – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – marked World Earth Day with a call to action regarding federally funded clean vehicle incentives: a new program termed "75 And More For 55 And Less," which encourages adoption of clean energy mobility powered by sophisticated automotive technology developed in America for use around the world.
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Fisker Inc. (NYSE: FSR) (Fisker) – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – marked World Earth Day with a call to action regarding federally funded clean vehicle incentives: a new program termed "75 And More For 55 And Less," which encourages adoption of clean energy mobility powered by sophisticated automotive technology developed in America for use around the world.
Related to the current U.S. administration’s policy initiatives, Fisker is calling upon the federal government to implement "75 And More for 55 And Less": a rebate of $7,500 plus $10.00 per mile of certified driving range for BEVs priced at $55,000 and less. All rebates would be applied at the time of sale, instead of waiting for a tax credit.
"We are at an inflection point in our transition to low-carbon mobility," said Fisker Chairman and Chief Executive Officer, Henrik Fisker. "Just as the federal highways program in the 1940s and 1950s enabled a new era for the private car, we now have the opportunity, between the government and business, to accelerate adoption of electric vehicles and ensure the United States is at the forefront of this global shift."
Under the Fisker proposal, an electric vehicle priced at $45,000, powered by a certified 300-mile range battery, would receive a point-of-sale rebate of $7,500 – and an additional $3,000 for the battery range for a total of $10,500, lowering the transaction price to $34,500. This is significantly less than the current average cost of a new car at $40,000.
WKHS Long (trade in play)A strong breakout has finally happened. A pattern something like this will be ideal. I've been watching WKHS since $13 and the company might finally be turning some profits soon.
Some reasons for a rally.
1.) They received an order for 6300 vehicles. (January 4th 2021 -> minify.link)
2.) Big EV names (NIO, TSLA, PLUG etc.) have made insane moves while WKHS has been standing.
3.) Earnings is coming up (March , and with the big orders there might be a big run up with expectations of positive earnings.
4.) The open short float on January 26, 2021 was 30.99%. That is massive and if price action starts to pan out there might be a short squeeze (kind of like a sympathy play for GME, just on a way smaller scale).
I am just a small retail trader, but the idea is for the EV and Short squeeze hype to transfer to WKHS. I am willing to risk some good money on this trade, and I am not responsible for anyone elses trades.
Please criticize this play! Pick it apart, I wanna know why you think it's bad! We can all learn.
$MP - correction finished?On the technical side, the first 5 wave move from SPAC merger to march 2nd high has retraced more than 50% and bounced off the 150d SMA and EMA....the pattern off the high is a perfect 3 move correction hitting the 78.6% on wave b and the -0.5% on wave c.....on the financial side, they're the only fully integrated rare earth mining and processing facility the western hemisphere, and are looking to cut off north American dependency on Chinese rare earth metals.
Looking for 34 > 41 > 45 as wave 1/3/5 targets.
$FSR Goldmans Sachs Releases Bias To Save Trade Desk! UPDATE! $FSR Goldman can sack it, they released a sell rating this morning to 10 citing overcrowding and unrealistic Q4 Targets. This is flat out wrong. Hoping to a see this gap filled in spite of them as there are more buy ratings than sell. Most in the $30s and $40s.
Nio Descending triangle breakout?Hello guys I’ve been looking at this chart for the past few weeks and noticed a descending triangle forming. If the breakout is confirmed my price target would be 46.29 as that was a previous resistance from March 15, 2021. If that level is broken then my next pt would be 54.20and that was a previous support. If this plays out well we could see nio heading back to it’s all times highs in the next upcoming weeks. However if nio doesn’t confirm the breakout we could see it pulling back to support at 34.87
This is just my idea and this isn’t a financial advice please trade at your own risk. Happy trading!
CNC $5.8 Price TargetBeautiful Canadian stock.
Looking at a +$1.4 on a per spike basis.
We know the value in nickel - for the potential EV market.
If you want to set a stop, do it at $2.5 so that you don't lose out in a potential sub 3 dollar dip. I would buy more, you only lose once you sell :)
$5.5+ price target.
Love it long. Will be buying at either 3.25, or at 3.5 on its way back up. And of course again at supports, and again below support up to $2.5
You're welcome in advance.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
Tesla - Two possible pathsHere is a look at the Tesla daily chart.
There's a pretty clean count giving us a 5 wave move from the end of 2019 to the beginning of 2021 resulting in ATH of almost 900 in Jan.
From there, we have a low of about 540 at he beginning of march. There are two possibilities here:
1) We are in an extended correction and an incomplete WXY more, or
2) we found the bottom at 540 and are now in the next impulsive wave up.
1) If this is the bear case then we have just completed the X leg, peaking at 780, which is just past the 0.618 retracement of the W leg. We could continue to head down from here, to complete the Y leg at the 0.5-0.618 retracement of the previous 2019-2021 move. This puts us at anywhere from 370-470. This scenario however is unlikely in my opinion because we have now broken above the 200 MA and the 21 EMA (green) has crossed the 50 EMA (yellow), with the price currently holding above the 10 EMA (blue). This gives us several support levels that the price would have to break through in order to move further down.
2) The more likely scenario in my opinion is that we bottomed out at 540 and began a new impulsive move, giving us a retrace to the 0.618 level for a wave 2 and are now in a new wave 3 which extends to the previous highs of just under 900. If we look at the IV rank and IV% they are both quite low, indicating that a big move is on the horizon. The RSI has also been recently rejected off the overbought levels and could attempt another cross that is sustained for a week or two, as was the case between Aug 17-Sep 1 and again from Nov 18-Dec 9 last year. Sustained overbought conditions paired with the potential of a large move in price could take us from current price to the wave 3 high (and previous ATH resistance) around 880-900. Further supporting this scenario is that analysts like Gary Black (@garyblack00) have a FA target price of $960 6-12 months out, which lines up with the Wave 5 target of 974-1057 that my TA shows by EoY 2021.
I have linked my previous looks at tesla which have played out as predicted so far, however i no longer think we are in the bear case as the overall market is also rather bullish. Minor corrections aside, i don't see a large drop over all for the next several months. Of course DYODD.
Great company simply overpriced.I am short Tesla as many others are especially with these inflated prices. I feel that they will be hit the hardest in a crash after having their price inflated to such absurd degrees. Tesla will continue to dominate the electric vehicle sector , however larger companies such as Ford and GM will be taking a large share in the EV market away from Tesla. My price target for Tesla is $400 with the possibility of dropping even further down to $350.
Ford is a great long term holdFord has survived through everything for hundreds of years. They are one of the longest surviving companies out there and are still doing great! With the new CEO Jim Farley they are undoubtedly due to break out here soon and see new highs. Ford has completely changed their entire lineup to EV in a years time and have already proven these cars are capable to stand up to the competition. I am very bullish on Ford long term and I think they will continue to climb as the sales come in for the new EV lineup. There is also a new Ford Maverick being produced which will be a fully electric truck at around $20,000! Absolutely incredible. I have full faith in Ford to pull through in the race for electric vehicles as they always have. The stock is considerably undervalued currently and my price target is $25.
$NIO Bearish Chart Technical AnalysisWe all do like NIO. Huge potential, great incomes, shows its value in the field.
Although we can see 2 bearish patterns on NIO:
1. Head & shoulders
2. Descending Triangle
We can also see that the support on 35$ is starting to get rejected strongly by the resistance line.
If broken below 35$ support next one is going to be the 50W-EMA which might be a strong support that will help us break above resistance.
Indicators:
- MACD is very bearish.
- RSI is neutral but below 50. Indicates a clear downtrend.
I am personally very bullish on NIO on the long term. On the other hand, NIO for me is a SELL for the short term.
This is not a financial advice. Posting for educational purposes only. Use it at your own risk.
CCIV finally timeArea of value here with a nice stop loss right below the support. Low risk entry point in my opinion. Enjoy!
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