EV
Ride$Ride Wedge. Biden talked about replacing all government vehicles with electric vehicles. We can see this one breakout in no time.
CBAT Long IdeaCBAT is currently getting ready to break out of this bullish wedge pattern. This is the same pattern that I mentioned with PLTR and look how well that turned out. Stay in this one, or grab a position here before lift off.
BlackBerry still a Buy?On Dec. 1, Blackberry announced it had partnered with Amazon Web Services to develop and bring to market BlackBerry's Intelligent Vehicle Data Platform, IVY. Automakers will be able to use the software for the smart and autonomous electric vehicles being developed.
On Oct. 16, Blackberry announced it was partnering with Zoom. Zoom will be using Blackberry’s Blackberry Dynamics cybersecurity software in its mobile platform to protect companies from cyberattacks and data breaches. Blackberry Dynamics software also provides secure video conferencing, which Blackberry says will become more necessary as companies move away from in-person meetings.
Earlier this month, it was reported that Blackberry had sold 90 patents to Chinese telecommunications company Huawei. (Source: benzinga.com)
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GMOriginally took this trade on 11/11/ 2020. GM!! really didn't make sense but it was setting up; formed a VCP.. earnings increasing; good sector but I got impatient after sideways movement. Then, Mark Minervini metioned entering in his Twitter feed; I took a look and re-entered. A much better entry.
$LAZR - Month Long Bull Pennant Breakout$LAZR has been consolidating for quite some time - last friday we saw a breakout.
Given continuation, my upside targets are as follows:
TG1: 37.34
TG2: 39.72
TG3: 42.71
TG4: 46.29
TG5: 50.22
Invalidation under: 29.46
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$NIO - Flag Breakout - Anticipating New Highs$NIO broke out of a month-long symmetrical triangle at the end of 2020 and formed a new high. It's been consolidating at highs for 2 weeks and broke out on Friday 1/22.
This opens up some new upside targets:
TG1: 62.89
TG2: 64.35
TG3: 66.72
TG4: 68.97
TG5: 71.38
Invalidation under: 59.30
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NIO long opportunity!NIO received a PT upgrade of 80.3 this morning by Nomura. It has a nice descending triangle on the 4h/Daily chart and it looks like today might be the day to breakout. NIO like Tsla has been cooling off for the last week or two. With EV market being what it is I think NIO can make a move back to 61 lvl in the next two weeks. I will be watching todays price action to swing $60 calls for 2/5 expiration.
- 4h chart is sitting nicely right overtop of 20 & 50 SMA
- we have resistance at the 59.05-59.17 lvls with 30m/1h/2h SMA's if we can clear those then I think we can begin a NIO rally
- We also have a nice LVN at the 59 lvl where the SMA's are, breaking through 59-59.20 lvl will serve as a catalyst through and on to 61-65 range
Will be looking to enter this trade with stop loss at 56.50. Depending on price action I would like to scale into the trade and with confirmation over the previously mentioned SMA's I would add more contracts.
*TSLA is reporting earnings january 27th, this NIO play can also benefit from some solid EV news. never know though because it's TSLA....
*Levels provided by EliteOptions
TSLA Projection for 2021 Tesla Price Projection: The stock currently forms a small bullish wedge pattern like in September to November, so it is possible that a runup of up to $ 1000 will come (earnings on January 27th, there are very high expectations due to many deliveries in Q4) I think the quarterly figures will be good, but will not meet the high expectations of the greedy Wall Street now and trigger a selloff that comes to the support level of $545. Here the stock should stabilize and it will be decided whether the support will be broken (further sell-off in the upcoming months) or whether there will be motivation to move higher again (Much more likely). Tesla will remain in a strong momentum through the plans for clean energy from the Biden Administration throughout the coming years.
LONG QS quantum scapeThis company is not known but Bill Gates is a major investor! The battery that quantum scape has is a major breakthrough in the EV battery market and these guys have the potential like Tesla to go 7X to 10X over the next 12 months. This unknown American car company is now the 2nd most valuable car company in America with a 17 Billion doallar market cap! look at the put options and you will see that no matter how high you buy the put you cannot make money below $48 so this is their bottom. If shorts or puts close then that couls change but it looks very strong for a bounce from here to the $70 zone and is likely to hit an All time high this year. The first earnings ever will be reported on Feb 2nd 2021 and that is when the holders who have 100 million plus will have to disclose for the first time publicly their holdings and once that happens this stock has the high chance of an all time high into the $130's. Their battery is being called the tesla KILLER! check them out on the web page.
$BEEM Wait For The Dip | $41.5 BUYBeem is overvalued, will the EV hype continue?
$41.5 will be our set entry price
DCJ | Just a Chart
RMO over 24.14Romeo Power is a Southern California-based battery technology company for electric vehicles. What sticks out to me here is not only the pattern (See $FUBO recently for comparison) but the divergence between RSI (relatively strong) and Slow Stochastic (oversold). Based on recent price action, entry above 24.14 should be a clear entry.
QS over 60.00QuantumScape is an American company that produces solid state lithium-ion batteries for electric cars that has run with recent EV-mania. Over the breakout level should see another pop. Currently price is wedging and fighting to base over the VPOC. More conservatively, can wait for a breakout over 74.50.
$XPEV BreakoutI believe $XPEV breakout the downtrend. It is following $NIO trend.1st target $51 and second is $60
HPQ SiliconFollowing the second run-up a consolidation phase is underway. Many catalysts in the medium term will set this up for the next run.
NKLA over 21.07I know what you're thinking. Bear with me here. The chart is set up here, entry based on hourly resistance. Good supporting order flow today. It could have a nice pop and squeeze shorts for a quick trade.
$FSR - Fisker Potential SupportI like the 3 touches around 14.55
Looks like the strongest support we've had since reaching AH
Regardless if it holds, I'm confident we'll see new AH by end of Q1
