Get started

EV

LI Auto Options Ahead of Earnings If you haven`t sold LI when they reduced the delivery outlook: Or on this Earnings Release: Then Analyzing the options chain and the chart patterns of LI Auto prior to the earnings report this week, I would consider purchasing the 20usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $0.60. I think there is still some upside momentum left, followed by a big selloff by the end of the year. Looking forward to read your opinion about it.
NASDAQ:LIShort
by TopgOptions
RIVN Rivian Automotive Options Ahead of EarningsIf you haven`t sold RIVN on the recalls: Or last time ahead of earnings: Then Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week, I would consider purchasing the 10usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $1.92. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:RIVNLong
by TopgOptions
4
QS QuantumScape Corporation Options Ahead of EarningsIf you haven`t sold QS here: Then analyzing the options chain and the chart patterns of QS QuantumScape Corporation prior to the earnings report this week, I would consider purchasing the 10usd strike price in the money Puts with an expiration date of 2023-8-4, for a premium of approximately $1.17. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:QSShort
by TopgOptions
NIO Wedge Breakout ContinuesNIO continues to move higher after breaking out of of the falling wedge pattern and topping the 200-day moving average, currently up a little over 10% today and +20% from my entry of $10.77 on 7/13. The current price candle is yellow which indicates extreme bullish momentum behind price; yellow candles tend to indicate that price is becoming overbought and approaching a short-term top. With this push higher I've moved my stop-loss up to $11.71, just below the yesterdays yellow daily candle and into profit so the trade is guaranteed to pay out now if price reverses. For those with a lower entry price than mine and can afford some volatility and still remain in the green, stop-loss 2 is recommended as that was the the last higher low(HL) made in price before NIO made a new local higher high(HH). As price makes new higher highs on a chart I move my stop-loss to just below the most recent higher low as those are the last levels of support by buyers. If those higher lows are violated to the downside it likely means that sellers are in control of price going forward. Stair steps up: move your stop-loss to just below the last step price was on before it progressed to the next higher step. My strategy with yellow candles is to move my stop loss to just below each yellow candle as price moves higher since price tends to continue to drift lower once the bottom of a yellow candle is breached on a pullback, reference previous yellow candles on the chart for historic moves after yellow candles form. For now I'm using yesterdays yellow candle as my stop-loss level since todays yellow candle is still live. Once the market closes today I will move my stop-loss to just below todays yellow candle. The PPO is still showing positive short-term momentum with the green PPO line rising above the purple signal line. Both lines being above the 0 level indicate intermediate to long-term positive momentum. The TDI indicator shows the green RSI line above the 60 level which indicates a short-term bullish trend. The green RSI line is trending between the 40-80 level which indicates an intermediate to long-term bullish trend. The RSI line is approaching the 80 level though which indicates short-term overbought conditions; price tends to reverse after the 80 level is tagged in the RSI. The RSI is also above the upper white Bollinger Band which also is a sign of extreme bullish momentum and tend to indicate a pullback in price is likely once the RSI moves back below the upper BBand. However, you generally want to stay long as long as the RSI remains above the upper band, and stay short when the RSI is below the lower BBand. The TDI indicator is the one that is painting my price candles and giving me the yellow overbought conditions. Candles turn yellow when the green RSI line is above the upper Bband. You can find my TDI indicator here and add it to your own chart template:
NYSE:NIOLong
by PrepForProfit
Tesla 2019 Vs 2023 Breakout Comparison Tesla 2019 Vs 2023 - Repeat Megaphone pattern? - Repeat Megaphone breakout? - Repeat 10% pull back before major move? If we confidently break through and close above resistance or get a 10% pull back, it could be worth putting in place a position with a stop under resistance or a tighter stop if its the 10% pull back scenario. We could still revisit the 200 Daily SMA... and we need to be aware of that. That's why you have a stop because the 200 DSMA is idyllic but given the similarities of this pattern, it could play out and it might be worth taking a position SUBJECT TO having a tight stop under the resistance level (once we break above it) or having a tight stop under the 10% decline entry. It will be interesting to see how this chart plays out. It could hardly be as exponential as 2019? but it could be a nice move. PUKA
NASDAQ:TSLA
by PukaCharts
9
Possibility TSLA rally lasts till Q2 TSLA has returned well over 100% since it 'bottomed' this year, however I don't think this is the real bottom. Having the cheek to say it here but we will most likely dump when we reach resistance @gap fill $260. Mixed with macro and slowing economic growth I can't see it reaching $300 this year unfortunately, $280 maximum IMO. I have taken a small short position and looking to close out when we hit the 50EMA, then I think NASDAQ:TSLA will resume uptrend towards $237-240 if it breaks resistance it will gap up but that will be short lived. Look to enter TSLQ or the short x3 leveraged ETF if it rejects the $260 zone. Timeframe : 1-3 months lasting from end of Q1 into Q2. From Q2-Q3 it will be sidewards with a pickup in Q1 2024. My predictions are in... Best of luck traders! RR ratio : 6.72
NASDAQ:TSLAShort
by jackohgorman
1
Copper Conundrum: Diverging Indicators Point to More DownsideThe last time we looked at copper was last October, and the trade played out nicely in our favor. Much has happened since then and we think another opportunity lies on the horizon now. Revisiting the same analysis now we observe the following… China, being the largest copper buyer, its currency pair CNHUSD traditionally shares a high correlation with copper. However, a divergence has emerged since May 2023. Moreover, copper's wide usage in manufacturing - from batteries to appliances and industrial machinery - makes China's import and export figures a good indicator of global economic health. These figures currently paint a gloomy picture, with YOY Exports & Imports pointing lower. Again, we notice a divergence between copper prices and these economic numbers. The Gold/Copper ratio, usually confined within a certain range, has recently tried to break higher. Despite facing resistance, the movement may still have momentum. Previous breaks upward have proven to be quite rapid. One way this could play out is if copper trades lower, the Gold/Copper ratio tends to trend higher. From a price action perspective, copper seems to be breaking out from a seven-month bull flag, inching towards the 4.00 price level. However, the significant resistance at 4.00 casts doubts on the breakout's success. Further fuelling this doubt is the emergence of a Simple Moving Average (SMA) death cross on the daily timeframe. On a shorter timeframe, the Relative Strength Index (RSI) suggests slight overselling, while the overall price structure is encapsulated in a symmetrical triangle. Summing up, we foresee short-term downside for copper due to diverging macro factors from copper’s price and a downward trend in the dollar. Moreover, price action suggests overbought levels and looming resistance. CME has the Full-sized Copper Contract or the Micro Copper Futures which we can use to express this view, taking a short position at the current level of 3.904, stop loss at 4.10 and take profit at 3.55 the next level of support and subsequently 3.30 if the symmetrical triangle breakout happens. Each $0.0005 price move in copper per pound is equal to $1.25 for the micro copper futures and $12.50 for the full-sized copper futures. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.cmegroup.com www.cmegroup.com
COMEX:HG1!Short
by inspirante
NIO Wedge Breakout + 200sma BeatNIO has been benefiting from the recent rise in EV stocks with price breaking up and out of a falling wedge pattern while simultaneously crossing up through the 200sma with multiple closes above it. The last time NIO closed above the 200sma prior to this recent move higher was back in November of 2021. Looking at the moving averages(8,21,34,50,100,200) we can see that the shorter averages are rising and crossing up and above the longer averages indicating a short-term bullish trend in price. The 100ma is leveling out, the 200ma is still declining. We want to see price continue to rise going forward and for the two longest MA's to turn up to strengthen the bull case in NIO. The PPO indicator show the green PPO line rising and trending above a rising purple signal line which indicates short-term bullish momentum in price. Both lines trending above the 0 level indicates an intermediate to long-term bullish momentum in price. The TDI indicator shows the green RSI line trending above the 60 level which indicates a short-term bullish trend in price. The RSI line is also above its purple signal line and in the upper half of the Bollinger Bands indicating a bullish trend. Going forward we want to see the green RSI line continue to trend between the 40-60 levels as a sign of an intermediate to long-term bullish trend. The only negative here is the RSI line putting in a lower high compared to price which is a bearish divergence and could lead to a short-term pullback. Assuming that the stock market and EV sector specifically continue to hold it together, NIO should benefit. Buy price for me was $10.77. Stop loss for me is currently at $9.37. No upper price target for now, will continue to raise my stop-loss as price sets higher lows on an anticipated continued move higher.
NYSE:NIOLong
by PrepForProfit
NIO - Falling Trend Channel [MID -TERM]🔹Breakout the ceiling of falling trend channel in the medium long term. 🔹Breakout resistance at 8.79 in double bottom formation. 🔹Supports at 9.3 and resistance at 13. 🔹Short-term momentum is positive with RSI above 70. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:NIOLong
by wavepoint99
$RIVN: Long & movement into Phase CNASDAQ:RIVN I would treat all EV stocks at the moment with a degree of caution as theres been plenty of recent microeconomic movements between companies. From a technical aspect, we had just experience a leg down into Phase A and currently accumulation for institutional buyers are taking place. Think of you at a Supermarket buying food at bulk price. Over the last 2 weeks, Volume has picked up three fold and buyer's momentum is shifting and coming in. ST SOW was clear, (Secondary Test: Signs of Weakness) where we broke support and rapidly bounced right back. So currently in Phase B we are awaiting a long to higher highs around Phase A AR/UT before heading back low to a potential spring across the creek. Looking forward. Have set my limits into areas just above green OBs so we are looking very ready and with good indicators in place. Will be picking up the stock for Long term when it clears the ST SOW levels so for long term holders, I believe we can hold out slightly longer.
NASDAQ:RIVNLong
by bradleyzander
3
F - Falling Trend Channel [MID -TERM]🔹Breakout the ceiling of falling trend channel in the medium long term. 🔹POSITIVE signal from Rectangle Formation at resistance 14.03 breakout: Next resistance at 17.97. 🔹Breaks through resistance at 14.40. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:FLong
by wavepoint99
RIVN - Rising Trend Channel🔹Broken through the floor of a rising trend channel in the short term. 🔹inverse head and shoulders formation. 🔹POSITIVE signal with 15.02 resistance breakout, NEGATIVE with opposite formation reject. 🔹Between support 14 and resistance 15.6. 🔹Volume correlate with price up and down. 🔹Technically POSITIVE for the short term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:RIVNLong
by wavepoint99