FSR is driving to its earnings LONGFSR is shown here on a 30 minute chart on the move up in the approach to earnings on February
29th. For comparison purposes only TSLA is shown sideways with the purple line. FSR has
started a VWAP band breakout into the area of the mean anchored VWAP where it could pick up
institutionally based trader interest. The growing volumes of trading are obvious and lend
further support to taking a position. I will long long here with both shares and options
as a pre-earnings play. The call options for mid-March are $ 6.00 per contract.
Evstocks
RIVN guides itself lower- but is it a dip buy? SHORTRIVN spends more to produce of its nice truck than it sells them for. This is a recipe for a
disaster which is now baking in the oven Earnings have plummeted. If guidance was better
than realities forecast there might be a dip buy here. i have a variety of positions shorting
RIVN when it runs a countertrend correction I will take a hedging long position until the
correction is over. I use these shorts to balance my portfolio against risk from an overall
falling market. Balanced in short vs long positions dollar for dollar and in the options
balanced in expiration times spread across the next almost two years. I find this keeps
the portfolio safe. I also look to LCID for a similar scenario while having a bullish bias on
WKHS. NKLA is a whole 'nother story. SHORT RIVN do not dip buy .
The chart is what you might expect. The disaster is what it is. This is basically a falling wedge
and no where near impending a breakout upside.
WKHS is setting up for a short ( again) OR could it reverse ?WKHS is a mong the weakest of the EV stocks. On the 15 minute chart it has been trending
down in a descending channel. There has been substantial volume on the bearish only volume
profile albeit at higher prices. A small spike of selling volume while price is near to the upper
( resistance) trend line of the channel tells me that WKHS may move lower. Most of the time,
it is difficult to short a penny stock below $1.00 depending on the broker. The selling volume
tells me there are short trades underway. My idea however is to look for a reversal so long
and watch for a short squeeze to add into the rising price with more position. Probably will
not happen but it goes onto the watch list.
WKHS Short Interest Rose Dramatically a Week Ago LONGThe daily chart of short interest for WKHS rose 6X beginning a week ago. The level is 13X
what it was in November. Coupled with the price action of today it is entirely plausible that
shorts are liquidating quickly given today's 25% breakout. Buyng to cover getting synergized
with new buyers could cause a trendline slope to escalate substantially morphing something
more or less curvilinear into more of a parabolic fit to the " trajectory". So the questions are
is this a short squeeze? How high of a price before the momentum slows or fails? Is it too late
to get in? Are other penny stocks potentially behaving in a similar fashion right now?
Is it even possible to short the shares of this penny stock or is it all put options covering
100 shares per each? This will be interesting for sure no matter how it plays out. I have
doubled my position earlier today and it was not a small one. Once I see signs of consolidation,
or some moving averages going flat towards a zero slope or a mass index indicator triggering.
I will take a piece out for the realization of some profit and hold the rest for whatever the
next more might be. I think the first sign that a squeeze is underway if for the tremendous
short interest volume to waterfall off a cliff.
TESLA Inverse Head and Shoulders formed. Is this the bottom?Tesla (TSLA) appears to have completed the Right Shoulder of an Inverse Head and Shoulders (IH&S) pattern, which is technically a bullish reversal structure that is formed on market bottoms. We have already talked in our previous analysis about the IH&S formed on the 1D RSI and as you can see by the circle drawing, this is consistent with the all previous Right Shoulder formations since December 2022.
As you can see, the long-term pattern since the July 19 2023 High is a Channel Down and this IH&S is the Lower High formation that should technically start the new Bullish Leg towards the pattern's top (Lower Highs trend-line).
As a result, our technical target is $245.00, which represents a Lower High level slightly lower than a projected +41% rise (last Lower High was +36%, the one before +31%, so we estimate a +5% progression). We will book the profit earlier though if the 1D RSI hits its Resistance Zone before the price reaches $245.00.
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TSLA Reports and goes for a deeper dive SHORTOn this 4H Chart, I find good cause to continue my lot of 10 put options on TSLA. TSLA has
dropped another $ 25.00 per share price during the earnings report time frame. While the
overall long time frame supertrend is up, TSLA is presently in a sustained pullback likely due
to significant fundamental and economic factors. The antics of its CEO demanding an award of
more shares so he can launch a big AI initiative within TSLA is not helpful. He has taken a big
haircut but he can easily afford it.
In the analysis, TSLA has put in a bear flag which suggests more bullishness in the continuation.
The ceiling of resistance right now is the POC line of the volume profile at 230. If price can
get through that then 265 at the top of the volume profile's high volume area might be
achievable. A bottom may be the second lower VWAP band at 175 which could be reachable
in the latter part of the upcoming week. Weakness in the Chinese economy is a heavy weight
on TSLA right now. Bright days ahead but some pain and chaos in the meanwhile
Trade plan: I will hold the puts until I see a reversal pattern on the 30-60 minute charts and
then close them. If no reversal pattern in the upcoming week, for purposes of time decay
complications I will roll the puts out another 28 days. Overall, TSLA continues to pay traders
well some of them might buy a TSLA to return the favor with the profits received especially
if there are more price cuts on the horizon that do not adversly effect margins and fec\deral
subsidies are extended they would be an uplift to sales, revenue and outlook overall.
Can FSR move higher? LONGFSR on the one hour chart fell from a triple top in mid July into the lower range
of the volume profile's high volume area then bounced higher in a series of higher
highs but then rolled over and fell again/ It has consolidated sideways about
that POC line and now is above it. The indicators including Directional Index
Zero Lag MACD and dual time frame RSI all indicate a return to bullish momentum.
I will take a long trade the horizontal levels on the chart served as tiered targets
for a risk managed trade. I will take some call options contracts as well. I think FSR
may follow the market leader in TSLA for a bit.
FSR finished the week strong LONGFSR on the 15 minute chart in previous price action fell from a triple top on January 30th
and then put in a double bottom Friday morning 2/2 and rose to finish out the day with a strong
engulfing green candle. Nearby above are targets at 0.835, 0. 873 and 0. 915 based on the
Fibonacci levels and also bearish high-volume nodes on the bearish-only volume profile
and the triple top. I see this as a long trade setup which may do well next week if there is
not a correction in the general market. A stop loss of 2% should take that potential loss
low while allowing for an average upside of 8-9% making it overall a modest and safe trade
For even more safety, the trade could be delayed until price gets over the Fib level at 0.84
while at the same time diminishing the upside.
RIVN a short entry on the rejection by VWAP SHORTPIVN on the 15-minute chart was trading up against the dominant supertrend from last
Thursday. Mid-morning price hit the resistance of the intermediate term mean anchored VWAP
and reversed as suggested yesterday by the bearish divergence on the zero-lag MACD.
Tomorrow is federal news which could increase general market volatility.
I see a short trade targeting 15.25 in the area of the bottom of two-volume profiles
anchored back 2 weeks. The stop loss is 15.9 at the highs of nearby candle wicks. Once the
the move gets underway, those already in long positions may close to take profit and add
into any short selling underway.
LCID SHORT on VWAP rejecting price rise.In my previous idea of January 29, I bought LCID as it broke out of a falling wedge on news from
Saudi Arabia fixing supply chain and production issues for body parts. LCID ascended the
following day to fall down on rejection from the mean VWAP band line anchored in mid-
December. On the 4H chart, another smaller and more condensed falling wedge is found
and price is moving down toward the one standard deviation line below the mean VWAP ( the
jagged blue line ) which is now horizontal. The last candle is red and narrow bodied. It is near
the top of the channel. Trade plan- I will short LCID here and add to the position each time
price returns to the top of the channel as monitored on a lower time frame such as 15-45
minutes. I will watch for a reversal of the down-trending lines of the zero-lag MACD
and a cross at the bottom. Similarly for the RSI indicator and its green fast and red slow line
in the range of RSI value of 20-35. Likewise, if price rises above the channel in an early
breakout, the trade is over as the downtrend is correcting again. If the price were to break
resistance of the mean VWAP zone, this would represent a break of the down supertrend and
could cause a bit of a short squeeze to get underway. If I see that, I will get into a long
position with more position size as it could become lucrative.
PLUG 's momentum continuation LONGPLUG's momentum had a good move today. PLUG is moving in a descending channel. Today
other EV stocks including TSLA, LCID, NKLA, FSR had big moves. TSLA's was the smallest in
percentage but the biggest in market cap regain. PLUG is now at the 0.5 Fib
retracement level. The zero-lag MACD and dual TF RSI indicators are about to cross the zero
and 50 levels respectively. The predictive tool ( Echo by LuxAgo) predicts a move to
5.95 by mid-February. This is about 50%. With the 11% move today, PLUG could be getting
overextended but the algo does not suggest that. As with other penny stocks risks are high but
a return of 50% in three weeks would offset the risk. I will trade PLUG here using a stop-loss
of 3.55 below that black horizontal Fib level. My $3.5 options for 2/2 did 300% unrealized
today. In the next 2 days I will roll them forward into the 2/16 expiration $4.5 strikes.
NKLA gets some momentum LONGNKLA had a nice long test run of one of its trucks in California this month. It signed a deal
for a 10-year hydrogen refueling. Not a big deal, but may be the first company to sell fuel
along with its vehicles and get government subsidies along the way. The days of doing photo
shoots of a prototype truck rolling downhill are clearly in the past. While alwys speculative,
NKLA is getting more search hits on Bezinga and Zacks suggesting there is trader interest and
maybe even some investors.
On the 120 minute chart, NKLA has ascended about 25% in the past week. It is approaching
the intermediate and longer-term anchored mean VWAP lines in black. It is there that volalility
and volume are expected to be the highest. This is 0.84 to 0.89. In this zone, institutional
traders may take or exit positions. The upper end of the high volume area is at 0.90.
I will take a trade here expecting price to go about 13% higher to 0.88. There it will either
continue the VWAP band breakout or be rejected from that resistance level. The RSI and MACD
indicators show bullish momentum to validate the long trade idea. An additional
factor is whether a short squeeze could ensue. In the near term from now until March, the put
to call ratio is 0.05 to 0.25 making for very few near-term put options. However, in the
April monthly the overall put-to-call ratio is 3.5. This suggests an expectation of a good rise
rise in the next 1-2 months and then a correction or breakdown at 3 months. In July the ratio
falls to 0.05 at least for the time being. If a short squeeze does get set up, put positions
in April will be liquidated in short order and the buying of call options to cover those puts
may accelerate the trend up.
Overall, my target is 0.88 while the stop loss is 0.73 under the evolving POC line of the volume
profile. Since my call options printed a 60% profit for the day, I will add to the position
to capture more of the expected move. ( $1.00 Strike 2/9 expiration currently $2.00 per
contract- no stop loss total loss vs expected gain 250%+)
TSLA SHORT with leverage TSDD ETFThis 1.5X leveraged ETF inverses the price action of TSLA with some amplification.
From the continuance of inflation, to Hertz liquidating 20,000 EVs ( prominent among them is
TSLA) in favor of return to ICEs to the rise of BYD in China and the ever present Musk in the
news like firing Space X employees without due process, TSLA is challenged and analysts
are calling for lower projected stock price. This is a way short TSLA at a lower price and risk.
The 2H chart shows a bullish HA candle today as price crossed over the longer trend following
moving average. Likewise, the RSI lines crossed over the 50 level rising from lows to end 2023.
This is an inexpensive stock without an options chain that has 60% near term potential should
it rise to its early November high at $28 A 0.5 Fib retrace of its down trend from that high in
November would bring price to $22. I will target $22 for 75% of the position and make the 25%
run for the $28 target while a stop loss of $.50 will allow for a normal range while rising to
the targets. I will raise the stop loss to break even after price rises by 0.55 and set a trailing
stop of $.50 once price rises by $0.75. I expect the trade to be in profit early and then
continuously increasing after that with a good backstop. TSLA's quarterly report comes out
on January 24th; this catalyst could accelerate profit if the report is less than expected by
investors and analysts. On the other hand, a fairly tight stop loss of about 3% will protect
the trade against a good earnings/revenue report whicch would surprise many.
loss of
VINFAST - Good for a scalp?We have a nice chart building up from a recent recovery dump. Currently we are sitting on support which is also a high volume node. The oscillators have reset and are nicely aligned on a stock that has been hammered recently. I have my targets at $7.50 and $8.20 , I would put a stop below $6.78. Not financial advice, DYOR.
Via Bard.Google:
VFS Financial Services Limited is a financial services company based in India. The company provides a variety of financial services, including credit cards, foreign exchange, and money transfers. VFS stock is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
The stock price of VFS has been on a tear in recent months, rising from around ₹400 per share in early October 2023 to over ₹600 per share as of today. This strong performance can be attributed to a number of factors, including:
Strong growth in the Indian economy: The Indian economy is one of the fastest-growing economies in the world, and this is driving demand for financial services.
Increasing disposable income: As incomes rise in India, people are spending more money on discretionary items, such as travel and foreign goods. This is creating demand for VFS's foreign exchange and money transfer services.
Government initiatives: The Indian government has launched a number of initiatives to promote financial inclusion, such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme. This scheme has helped to bring millions of people into the formal banking system, which is creating new opportunities for VFS.
However, there are also some risks to consider before investing in VFS stock. These risks include:
Competition: VFS faces competition from a number of other financial services companies in India.
Regulation: The Indian financial services industry is highly regulated, and changes in regulations could impact VFS's business.
Economic slowdown: If the Indian economy slows down, this could lead to a decrease in demand for VFS's services.
Overall, VFS is a company with a lot of potential. However, it is important to carefully consider the risks before investing in any stock.
TSLA Short OpportunityTSLA has a perfect short swing trade since 18/09. This is confirmed today as the stock droped below $260 key level - pre market.
Another confirmation that a key ascending trendline on the 4hrs chart has been broken pre market. it marked as white line.
My trading plan for the day is to see how it will react to this level - i need to see it retest and then enter my short position. this is perfect Risk Reward percentage and can played as day trade or swing trade.
Entry : 260
Stop Loss : 262
Take Profit: 242
BATT an ETF for Lithium / Battery Technology LONGBATT here is on a daily chart with a demand /support zone and resistance. supply zone both
drawn in along with a long-term volume profile showing the POC line at the top of the latter
zone. A triple Bollinger Band is overlaid showing price currently two standard deviations
below the mean VWAP which is more or less horizontal with little slope The ZL MACD lines
crossed one week ago and are upgoing about the same time as the 3H RS line bottomed and
reversed while the longer TF 7D RS line stays horizontal just below the 50 level. Overall,
I see that the BATT price will rise targeting the supply zone above which is about 15% upside or
more. I will take a long trade here with the first target the midline of the Bollinger Bands
and the second target the flat top of July 12 through 30, a strong resistance level. This is
a safe trade while the general market gets figured out. This is akin to selling picks and axes at
the Gold Rush of 1849.
Is XPEV making a move higher ? LONGXPEV on the 2H chart had a summer peak with the announcement of the collaboration with
VW which then ran into quicksand. Price fell down to the support and demand zone and
now appears to be rising despite a miss on the earnings report. It seems that with the
US markets in quagmire, some investors and traders are diversifying offshore. XPEV, NIO, BABA
and BIDU may be benefiting. XPEC seems to have a good RS profile with the lower time frame
above the higher time frame and both of the above the 50 level. I will look for a long swing
trade entry on the 15-30 minute time frames targeting a price of 22 for a 25% return
LCID setting up falling wedge breakout LONGFrom the 1H chart, I have drawn descending and falling trendlines with the resistance
falling faster, That is to say I see a falling wedge pattern which might be typically
at the bottom of a trend forecasting an upside breakout. LICD made a small move
up in the past 3-4 hours of trading. Overall the indicators support the idea of a
reversal especially on the dual TF RS indicator with the green lower TF rising over
the higher TF black line and above the 50 level. Likewise, the ZL MACD shows a
line cross under the histogram which went red to green in a bit of bullish divergence.
The ADX oscillator has yet to show much of anything with the lines hovering about the
20 level. Overall, I expect a breakout however I am willing to take a trade now because
price is near to the support trenline allowing for a small stop loss and a 6% move to
the upper resistance trendline. From there I anticipate a break above the line and
continuation. In the bigger picture, TSLA is moving up again and other EV stocks may be
simply following the leader. ( SL 6 TP1 6.4 TP2 6.85 TP3 7.4 )
Lucid Motors - As For Me, I Like The StockThe first thing I want to remind you of is that you should buy stocks when they're low, down, and red. Stop buying things when they're green and up bigly because you "see confirmation."
If you can't let go of this attachment to only believing in what you can see and not believing until you're shown, then the Bible story of Doubting Thomas is really something to give a read.
So about Lucid Motors: As for me, I like the stock.
Here's some reality:
1. Electric cars are a real thing now
2. Tesla needs competition
3. Luxury electric cars from BMW et. al. kind of suck and there's no real demand for them
4. Lucid has cars on the road and even The Wall Street Journal gave them a thinly veiled advertorial after the Saudis infused some blood
Also, although Lucid will soon be expanding into the China market, as of now there is no manufacturing in Mainland China.
This gives Lucid significant benefits in the not-being-subject-to geopolitical risk like Tesla with its Shanghai Gigafactory located in Babylon is.
Because one day in our lifetimes, I believe Xi Jinping will throw away the Chinese Communist Party like Gorbachev did in the 90s and everything will change because the persecution against Falun Gong launched by former Chairman Jiang Zemin (it's dead now) will be totally exposed and much of the world will be implicated.
This will make life very hard for everyone who's been soliciting Shanghai (Babylon).
Moreover, right now, Lucid makes cars in Arizona and in Saudi Arabia. With the 2024 Presidential Election looming, a Donald Trump win would be huge for any "Made In America" company.
I'm not a huge fan of Trump, personally, but I think you should throw political bias away when it comes to analyzing the markets and figuring out how to invest your money/trade.
The financials for Lucid appear to indicate that spending and R&D is up. This is actually a good thing, because it's very, very hard and takes many, many years for a car manufacturer to be able to get roots down in society and become a household name.
It's going to be a "spend money to make money" kind of thing for Lucid.
Anyways, the raid on the all time lows after the Saudi announcement is a good thing.
You need to look at things backwards. Down is good if you want to buy. Up is good if you want to sell.
The last week's action is definitely bullish and you should be thinking of how to get long on a pullback.
The problem is, where can Lucid go?
At $7 it's already worth $14 billion mcap.
And unfortunately for everyone who WaNtS tO SeE a MoASsSsSSss the reality of getting one is you had a few minutes to sell the top and now the chart is a mess.
On the monthly and weekly
We can see that a healthy company would return to the $30 range.
But with that stupid MOASS candle blocking the way you really may not get anything better than $10.
I think the bear case if this is to go to $0 like MULN or some other dumpster fire coin is $15
All and all, if you go long here, can diamond hand a bit, and sell at $10 or $15, what exactly are you sad about?
Put the FUD aside and all the yammering about "the fundamentals" and ask yourself if you really want to sit on the sidelines here and watch this thing do what IONQ has done until you "see confirmation" like Doubting Thomas saw his Master's spear wound after Lord Yahweh's Resurrection.
Ultimately, I think we're going to see a pullback into the opening of July, but we need to see July rip over $8.50 for this to really be a long.
But if you want for it to do that you might wake up to find $11 and it's already too late for regrets.
Don't leave yourself with regrets.
Use faith.
EVAV a 2X leveraged EFT of EV Stocks Pullback LongEVAV in the past six weeks rose about 90% and then faded 5% in a correction
or pullback. This may be a buying opportunity. Price is heading down into the
area of the two mean VWAP lines where I will look for a bounce. Professiona
traders like to buy in the area of VWAP and so I expect high trading volumes
there are big traders take large positions.sThe high TF relative strength
line in black is holding steady The low TF relative strength line in blue
is in the range of 30. I expect the price to reach this buy zone in the next
couple of days and upon a confirmed reversal I will take a long trade targeting
108 in the area of the recent highs and the second deviatiion lines in thin
red.
NKLA Cup and Handle Pullback for Long EntryNKLA on the 2H chart appears in a cup and handle pattern with the full pattern
including the bullish continuation now printed. The pattern predicts $ 2.00 of
upside . While the fundamentals of a change of CEO may be concerning, the
the creativity of finding cash during a slow cash burn without diluting current
shareholders. Perhaps he will have two classes of shares as a remedy. There
are upsides to "fresh blood". NKLA has been on the rise for two months albeit
with some volatility as seen in the price oscillation from the base of the cup.
The uptrend is that of a parallel ascending channel.
The rise of the amplitude on the AO indicator is reassuring and shows the
bullish momentum has the strength of bull legs. I see the pullback in the
last trading session as a buy entry. Let's go long! If you are interested in my
suggestions of the stop loss and targets or an equivalent options trade, leave
a comment. If you found this idea helpful, please like and subscribed.
MULN Long Trade Planwith details including SL and tiered Targets on the 1H chart for this pullback continuation
idea.
XPEV collaborating with VW = China EV on fire !XPEV is trending up. It is Chinese in the biggest EV market on the planet.
No import duties. Low-interest rates on debt and consumer auto loans here
as the government is doing the opposite as the US fed. Now the collaboration
with VW which has legacy excellence in manufacturing with XPEV whose
forte may be technology and autonomous driving innovation. On the 2H
chart, the stock price jumped fast and hard on the news catalyst. The
MACD launched signals over the histogram and the Volume Price Trend
screamed higher. This all spells momentum. While there is a risk of a downfall
reversal and drop as they saying goes make hay while the sun shines.
There may be shadows of short selling squeezing here. Time will tell. For
sure being late to the party is sometimes a waste of time. The real show
will be watching XPEV/ VW competing with both NIO and TSLA in China.
To the victor goes the spoils. Hold on as the ride will have some bumps.
