NIO SETUP LONGNYSE:NIO
NIO is thriving despite a faltering Chinese economy.
It has good recent earnings and is competing well with TSLA
and other Chinese EV's like XPEV In the meanwhile it
is making inroads in Europe, especially Scandanavia
They say buy low ( weakness) and sell high ( strength(.
NIO is weak right now as the chart shows. with price
below the cloud now sitting on an advance buy order
support with a low RSI. This is a buying opportunity
As ab aside BIO is said to be seeking a partnership
arrangement with a US Domestic EV company. Should
it find such agreement, it fundamentals likely would
get another uptick.
Lcid
TSLA SHORT now SETUPNASDAQ:TSLA
TSLA has hit heavy resistance on the 2H chart as it
came up on the heavy sell order zone and the POC of the volume profile
TSLA reacted with Doji candles demonstrating buyer versus seller push and pull dynamics
The RSI is decreasing with a rise in price showing divergence and suggesting
TSLA is about to roll over. The Choppiness Indicator is still moderately elevated
showing buyer. seller action is sideways.
All in all, I forecast that TSLA is set up to short ( or via put options ) with targets
of 790 and 705. For a great reward-to-risk ratio, the stop loss can be $1.00 above
the top of the sell order zone.
Please review and offer your opinion in a comment !
( As an aside take a look at my idea of Sell Tesla Buy Ford using a TSLA / F ratio over
time as the key data for the analysis)
FORD Swing Trade after REVERSAL in JulyNYSE:F
F is trending up while TSLA heads down
US Legislation to support EV purchases with tax credits is helpful
GM's financial troubles are helpful.
Chart shows upgoing BB/EMA channels
and mid-range RSI with recent K/D crossover.
Both suggest a potential swing entry. Depend on unforeseen
changes in the automotive market or the market at large
and a recession versus continued uncertainty, F could
the uptrend for several months also made for the
opportunity to trade call options.
Trade often. Trade well !
LCID Daily Bearflag(Daily)
Beautiful bearflag.
Being in the daily Time frame, i will probably wait until wednesday to see what happens, but a rejection off this bottom trendline, could play long (with time, maybe Octover calls) and try to ride it to the top of the channel,
Downside comes if the flag breaks down, targeting 13.40
OPEN - WAY OVERSOLD - SHARP FALLING WEDGE - ABC CORRETION All,
Open top of watchlist if market turns. Easily could see 17-19 range + IV spikes would be a solid return. Then it will probably vounce down again fade off then go back to mid 20s would be my guess but intial shot here retest of 19ish would be worth watching.
COMPOSITE INDEX Electric Vehicle Stocks TRENDING BEARISH In this daily chart, I made a composite index of electric vehicle stocks using
an approximate formula weighed by stock prices but not market cap.
( ( $NIO + $LCID + $RIDE + $NKLA +$WKHS) x 50 ) + $TSLA
This serves as an approximate normalization adjustment of the varying
stock prices in the collection of stocks.
I did this to later check to see if there is any effect of new legislation
impacting federal tax credits for electric vehicle adoption as a catalyst
for price action.
So far YTD, the composite at large has fallen 18.5% varying from
TSLA is down 6% and LCID as an example of others is down 36%
The composite will be a quick and easy way to see if the composite
and so the market cap of the underlying stocks inflects its downtrend
responsive to the federal legislation catalyst.
Price Moving Into Resistance But Still Looking Bullish!Hello Traders & Spectators,
LCID has fallen a lot in the past few weeks like everything else but has found a temporary bottom and is now looking to move higher. It is now at a major resistance that it hasn't been able to pass previously but since this resistance has been tapped so many times, that means it is getting weaker. A relief pump seems to be unfolding and ii can see prices pump to the dashed lines above. What do you think?
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
$LCID downtrend signs$LCID is showing strong signs of long term downtrend!
Green pennant indicated upside
Although the flag above it was reversed and as prices went below prior pennant,
then comes the red pennant, indicating trend continuation to the downside!
Wait for red pennant to break above 44 before going long again!
Lucid Nightmares? Lucid Group
Short Term - We look to Sell at 18.01 (stop at 20.97)
We look to sell rallies. Prices expected to stall near trend line resistance. Bespoke resistance is located at 18.00. The medium term bias remains bearish. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 11.07 and 10.19
Resistance: 18.00 / 20.00 / 25.00
Support: 15.00 / 10.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$LCIDLCID is trading on the support level this April at $17.62 same price of last April 2021. I believe the proce will trade above $20 for these reasons:
- Biden administration announcement $3B to support the domestic battery production.
- SAUDI ARABIA has agreed with Lucid to buy up to 100k of the cars during 10 years.
- MACD & SMA shows the price up direction.
Hopefully the Earnings support us.
Lucid LCID Is Repeating a Previous Bullish BehaviorShares of the electric vehicle manufacturer Lucid LCID bounced today after dropping more than 10% over the past five days.
Lucid Group LCID announced the launching of a new, faster Air luxury sedan with 1,050 horsepower and a 446-mile range that will be priced at $179,000 and will hit the markets in June.
Lucid stock LCID rebounded from the demand area around $21.25 forming a confirmed 4hr hammer candlestick to show a more proven control of buyers.
It is worth mentioning that the buyers had shown the same behavior previously in Mar 15 2022 to rally by about 30% afterwards hitting $28.13 resistance point.
Targets: $22.90 – $23.80 - $24.12
Lucid to Bounce? Lucid Group
Short Term - We look to Buy at 22.03 (stop at 20.23)
We look to buy dips. Previous support located at 22.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look for a temporary move higher.
Our profit targets will be 26.24 and 29.35
Resistance: 30.00 / 37.00 / 45.00
Support: 22.00 / 20.00 / 17.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LCID - If you like to be early bird
Constructive volume with reclaim of 9 EMA and more importantly mid BB
3 Day chart shows EMA rejection, but that could mean near term weakness - even if it finds bullish flow in the short term.
Ideal long entry for me would be around 21 with SL as 20.0 (lower if you have bigger risk appetite)
short term target would be around 40. (where VMA would be if the trend reverses. Pullback around 43 would be the safest bet if you are a LT investor.