Technical analysis update: GM (13th July 2021)GM did gap up (at the open) towards resistance when U.S. market opened on 9th July 2021. Today it held just below resistance and did not retrace its gap. RSI and Stochastics reversed to the bullish side. MACD is neutral. ADX is very low which suggests weak trend or no trend in GM. At the same time price retracement failed to occur. If retracement fails to occur in the following days then bullish case for GM is strongly bolstered (for short term). Our short term price target is 60 USD and our medium term price target is 65 USD. However, investors should pay attention to the price action in GM over the coming days as earning seasson begins and with it we may see increased volatility in the market.
Current setup:
Prior developements from 26th May 2021:
Here we stated that GM entered rectangle formation. We correctly predicted breakout above resistance and subsequently reached price target of 60 USD and 62.50 USD.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Motors
Lucid Motors - CCIV - Is it finally ready to run? Catalysts?Lucid Motors - CCIV - Is it finally ready to run? What will be the Catalysts? Will it become the Apple Car (Speculation)? Who knows? We will see? Time to get long?
Lucid Motors - CCIV - Recalculating - Technicals vs FundamentalsLucid Motors - CCIV - Recalculating - Technicals vs Fundamentals - From a technical standpoint, CCIV should return to close the gap around $50 after bouncing off the golden zone support. This is taking a long time for a company that is expected to increase in value with momentum. From a fundamental standpoint, Is the initial merger even complete? When will the symbol change from CCIV? There is no concrete delivery date for the first car deliveries. Each time they demo the car, they mention more improvements that need to be made. Then there's the elephant in the room. If the Lucid developers are from Tesla, will there be patent issues with the design and technology? Or is Tesla completely open source? Finally, from a speculative standpoint, if Apple is interested in Lucid, why wouldn't they purchase the entire company and cut out CCIV (is the CCIV merger final?)? We know Apple was interested in buying Tesla at one point. Basically Lucid needs some FIRM announcements to launch this stock to the next level. This is not financial advice.
Lucid Motors - CCIV - Double Bottom in Golden Zone?Lucid Motors - CCIV - Double Bottom at the bottom of the golden zone? Is it over or is it going to rebound for 100% play? Don't call it a comeback!
CCIV - Lucid Motors - Patiently waiting for the gap fill at $50CCIV - Lucid Motors - Patiently waiting for the gap fill at $50. CCIV has started trending upwards. Patience Patience. Not Financial Advice.
Lucid Motors - CCIV - Ready to GOOO!Lucid Motors - CCIV - Ready to GOOO! Based on Technical Analysis, the gap above around $50ish need to be filled. From $25 to $50 is 100% gain. Not financial advice.
Lucid Motors - CCIV - Ready to break out?Lucid Motors - CCIV - Ready to break out? After a small inverted head and shoulder pattern, is Lucid Motors (CCIV) finally ready to breakout? We will see? Not Financial advice.
Lordstown Motors May Give Great Buying Opportunity ShortlyThis is an important time for Lordstown Motors' stock price. Lordstown Motors has been in a defined downtrend since November 24th. On December 8th they released a video showing CEO, Steve Burns, put the "skateboard" chassis to the test. I'm wondering how much that video slowed down the stocks slide. As the very next day on December 9th the stock was almost flat closing down just -0.88%.
They are at a critical price point of $19.20. If the stock continues trending down and breaks this below $19.20 could see the stock fall further to its strongest support level of $16.38.
If the stock does keep falling this will present an interesting buying opportunity. As seen on the chart, with the two black circles, shows Lordstown Motors' incredible support. If the stock dips below $19.20 and comes close to $16.38 then we'll have a chance to add to our position at a great long-term price.
Lordstown Motors says they want to be first to market with their Endurance pickup truck with a revolutionary all-electric In-Wheel Drive System that utilizes four hub motors with integrated software—giving customers a motor and a mind in each wheel.
NKLA - is it second Tesla?Until 3rd December there probably will be done the deal with the GM.
Everyone is afraid now, because of law companies attacking the Nikola for misleading informations about the company.
But everything looks like it still wants to go up after this massive bullish flag.
Looks like MACD + RSI + MFI is trying to bounce off the support line.
We will see!
TVSMOTOR in buy Zone at POCTVSMotor has reached to our buy zone with its location at Point of Control Level We are confident that the stock would perform better in days to sideways movement. Why? This POC level was crossed once and the price has come back to say hello to it. I like when the price chit chats with support and resistance making it more promising move.
Triangle Pattern on Heromoto after successful H&SHeromoto has recently gave beautiful H&S result and now it seems to have formed another high prob. pattern- Triangle Pattern. We are looking for a breakout in either direction but I am better on downward breakout with Target being the base of the triangle market as the measurement of the arrows
Only for education purposes and Bullish heroes- Check the weekly trendline before going bullish on this
- some might say that this could be a breakout but there's a head and shoulders patter in 3 hrs frame
- wait for a move and then enter or exit from this
- most of the patterns are showing a bearish trend only
- this is just my opinion
😯 Ferrari Could Be MASSIVE For Bears! (RACE)💰 LET'S GET INTO SOME FERRARI ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- This one could be massive as a potential triple top crown could be in motion. We are now approaching the highs of the previous last 2 major structures. This could be a huge money maker for a bear!
- Let's also notice that we do have some lower lows on major structures. Failure to break higher will result in a massive drop I believe.
- I'm looking to play this one on a timeframe like the weekly for a turn around and hold a long term position.
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
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🥇MLT | MAJOR LEAGUE TRADER
Eicher Motor Bullish Setup !! Hello, Friends Thanks for being part of our Trading Buddy we are happy to help you with your earning !!
I think i write everything on the chart with a basic explanation of Elliotte Wave analysis ( Impulsive + Corrective= "Elliote wave")
Eicher Motor is too Down now, In upcoming weeks we see a good rally in it So
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