Honda Bull After earnings or before ? Strong Performance: Honda Motor shares have shown solid relative strength over the last month, tacking on nearly 6% and outperforming the S&P 5001.
Positive Earnings Estimate Revisions: The shares are looking to break out of a multi-year consolidation period, with positive earnings estimate revisions helping drive the move1.
Strong Sales in North America: Honda posted stronger-than-expected earnings for its fiscal second quarter ended September, boosted by strong auto sales in North America2.
Analyst Upgrades: There have been several analyst upgrades for Honda Motor stock. For instance, Morgan Stanley upgraded the stock from Equal Weight to Overweight3. Similarly, Macquarie upgraded the stock from Neutral to Outperform3.
Price Target: While the consensus price target is not available, the stock is currently trading at $32.44
TP 35
Honda
Ford - A Cautious Post-ER Long ScalpFord is one of the richest charts among all of the U.S. equities to chew and savour for an analyst.
The reason is, its relevant price action to today spans some 22 years, and we can only see it on the monthly:
Notably, $26~ was a curious place for price action to stop and reject 18 months ago, leaving monthly hallmarks of potential targets
And looking at the weekly:
The rejection was so gappy, closed in ranges not seen on the monthly, but left open ranges not seen on the weekly.
And yet in 18 months, the flat bottom formed under $12 is no cause for bullish continuation. "Support" as retail traders are taught to believe in, is made to be broken.
Therefore, this chart would absolutely never be a long, in my opinion, except that price action you can only see on the daily has created a set of goalposts.
And those goalposts are at the $15.42 level, which formed a perfect double top composing the July high.
Before we begin, I want to warn you that trading the markets right now come with significant geopolitical risks surrounding China.
The International Rules Based Order is frequently going off about "de-risking" from China, but not "decoupling," and the meaning of this is pretty significant.
You should note that the propaganda machine is always targeting "China" but not "The Chinese Communist Party."
Don't you think it's strange that despite the CCP's 100 years of murdering significantly more of its own people than Hitler did in general that the global Party doesn't take advantage of the CCP's heinous human rights abuses and totalitarianism to take it down?
Instead, they're always going after China, its 5,000 year old culture, and its 1.4 billion pre-Wuhan Pneumonia population?
It's because the IRBO wants to take control of China as the CCP falls. They won't take control of it directly, because they're not Chinese, but will install a puppet from Taiwan.
And this is where "War With Taiwan" garrling comes from. It's not that Xi Jinping is going to invade Taiwan, but that the IRBO intends to take control of China with Taiwan as a proxy.
But Xi can always weaponize the 24 year persecution of Falun Gong, started by former Chairman Jiang Zemin on July 20, 1999, to protect himself and China, because Wall Street and the World Government have been extensively visiting Shanghai (Shanghai Gigafactory what?) to train Marxism.
And training Marxism in Shanghai means depositing collateral with the CCP.
Xi has never persecuted Falun Gong. Instead, Xi has even protected Falun Gong from the Jiangling thugs in Hong Kong, and that was the real purpose of the National Security Law and the installation of John Lee as Chief Executive.
Notable that Lee was banned from attending the San Francisco APEC conference in November by Joe Biden, in that light, wouldn't you say?
So, back to trading.
Generally, the market makers will not leave this kind of double top in play, because short sellers love to go bigly short under them because "it's strong resistance," before taking new lows.
It's noteworthy that Ford is only a ~$50 billion company. Compare that to Tesla and decide which company is over/undervalued.
And all of that is just theoretical, but when we combine it with the fact that Friday's earnings were actually pretty good, but Ford dumped, and back into the box that preceeded its breakout, making it a classic breakout-retrace long, we have a trade setup.
So here's the idea.
Unfortunately, I believe that there is extremely high probabilities that the indexes are topping to end July or to begin August, which I go over here:
# SPX - The Sound of a Shattering Iceberg
Ford would probably get drug down in a 200+ point SPX correction.
That means that while we have significant bullish upside targets, at the $18 and $22 levels, all of the long term price action considered, we probably have to raid the bottom under $10 before Ford can really and truly rally during an index recovery.
So what we have is a long from where we are on Friday, +/- $12.80, with a target of $16.
This is a pretty nice range to collect.
Rather than use a strict price based stop, what I would like to say is that if Ford does not trade up and away from this $13 level within the next two weeks, it would indicate that big money is up to something else, and a long trade is either not valid or too risky to bother with.
Conversely, if you're bold and brave, shorts/puts over $15.50 with a target under $10 before 2024 may equal an even better payout and risk reward setup.
This trade is something of a coinflip that I only have moderate confidence in. What I have confidence in is that the MMs will not leave $15.50 in tact before they really dump it.
I also don't believe they'll leave these perfect flat bottoms in tact before they pump it.
So, be careful, and good luck. Plays like this are a lot better than gambling on the latest dumpster fire coin (AMC, SPWR, lol) spread on Marxist messenger Reddit.
12 Car Companies LISTED on Stock Exchanges It’s the era of the electric vehicles. It’s their time to shine and it looks like many car companies are becoming a favourite investment out there for many investors…
In this short article, I’m going to highlight some of the many car brands that are listed on the stock exchange.
Toyota Motor Corporation (NYSE: TM)
Toyota is a Japanese car manufacturer that is listed on the Tokyo Stock Exchange. It is one of the largest and most successful car companies in the world, with a strong reputation for innovation and quality.
General Motors Company (NYSE: GM)
General Motors (GM) is an American car manufacturer that is listed on the New York Stock Exchange. It is one of the largest car companies in the world, with a portfolio of well-known brands including Chevrolet, Buick, and Cadillac.
Volkswagen AG (OTC: VOW3)
Volkswagen Group is a German car manufacturer that is listed on the Frankfurt Stock Exchange. It is one of the largest car companies in the world and owns a number of well-known brands including Volkswagen, Audi, Lamborghini and Porsche.
Tesla, Inc. (NASDAQ: TSLA)
Tesla is an American electric car manufacturer that is listed on the NASDAQ stock exchange. It has disrupted the traditional automotive industry with its focus on electric vehicles and has become one of the most valuable car companies in the world.
Ford Motor Company (NYSE: F)
Ford is an American car manufacturer that is listed on the New York Stock Exchange. It is one of the oldest and most iconic car companies in the world, with a long history of innovation and a strong portfolio of brands including Ford, Lincoln, and Mercury.
Some other companies include:
Daimler AG (OTC: DDAIF)
BMW AG (OTC: BMWYY)
Honda Motor Co., Ltd. (NYSE: HMC)
Nissan Motor Co., Ltd. (OTC: NSANY)
Subaru Corporation (OTC: FUJHY)
Mazda Motor Corporation (OTC: MZDAF)
Tata Motors Limited (NYSE: TTM)
Can you think of anymore car companies listed on the stock exchange? Let me so I can include them in my watch list…
Trade well, live free.
Timon
MATI Trader
Auto Industry Stock. Ford, VW, BMW, Toyota, Honda, and TESLA?In this video, I do a quick breakdown of a few major automotive stocks. I wanted to mention their Earnings per share (eps), P/E Ratio, and dividend percentage. Ford is at a longer-term PE ratio low right now. Watch the video for more details. I get into Toyota, Ford, Honda, Tesla, BMW, and VW (Volkswagen).
Honda Motors - Probable trend reversalIn the chart you will find everything that i found important to the current price of the stock.
I think we will see a trend reversal if the price draws a good uptrend after the spike up.
On Tuesday(today) I expect the price to suffer from correction but this is healthy for the long term price movement.
I would wait out the correction and there will be a better entry for LONG position.
I am not financial expert nor advisor, please make your own decisions and do your own analysis!
Auto Sector is a Leading Indicator of Market TopsThis is a custom index using Toyota+Honda+Ford's long term charts plotted against the S&P 500 (both using moving averages to smooth data).
It's pretty simple, when the auto sector is diverging from major equity indexes in a negative fashion, that = bad stuff ahead. The auto sector has shown that it peaks before the s&p 500 does, which makes sense due to fundamental factors. Auto's require lots of capital to build, and a lot of raw materials that are subject to inflation. This means late-cycle inflation often hurts the auto sector before it starts to trickle down elsewhere. Additionally, autos are also subject to credit markets, where higher rates = more difficulty financing cars. This causes purchases to drop due to people having less money to throw around and credit being more expensive.
CDTI Short$CDTI rose sharply following a Gap Up over the previous few days due to good fundamentals and a contract win with Honda.
However, the chart was over extended and volume started fading into the close on the 12th of July so I shorted on the first red day with one of my brokers who had shares to short.
I anticipate that this will follow through to 0.50 (and possibly beyond) level where I will cover.
Happy trading
HMC: Potentially a very nice long entry nowLong at market, stops at the previous daily close.
It should see some significant upside here.
Props to Tim West for spotting the potetial long term bottom pattern a few days ago.
Now it has fired a buy signal.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.