driveSummit channel break
+ New bullish trend line
What is the right decision to buy or wait for confirmation of the new bullish trend?
DRIV trade ideas
DRIVDRIV broke out of a range and this massive price shelf provides a nice base for the next leg up. A total of 15 billion in the infrastructure bill is dedicated towards EV and EV infrastructure.
DRIV LongDRIV with renewable energy and technology shares will grow until next summer. Then wait for more with the new support/incentives from government
DRIV: Weekly Break OutDRIV has consolidated in a rectangle box for several weeks and just breaking out. RSI confirming.
Good for Tesla or perhaps this is moving bc of TSLA
Bullish- Long PlayWill be watching the DRIV etf closely here-
- Buyer volume starting to pick up again with a general rotation back into growth
- Sitting right on top of its 50day EMA
- Bullish, looking for a breakout from this channel it's been holding for a while now
Global X Autonomous & Electric Vehicles ETF (DRIV)An extract from today's Active Trading Plan.
- The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles (“EVs”), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt.
-The year-to-date channel is noticeable with the price trading at the upper end of the band.
- Big level = 28.40/90. Here we want to see a print and close above this level to trigger a buy/long.
- Stop: 25.70.
autonomous auto darlings seem to be stucknot much progress last months. Can make the argument this is consolidation & accumulation. We'll see.
DRIV EV bull run 2.0EV sector looks to be setting up for another bull run. Bounce off MA20 on weekly
DRIV:NASDAQ - Global X Autonomous & Electric Vehicles ETFIf you're over trying to guess which electric car company is going to be the winner, then this ETF could be for you.
The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles (“EVs”), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt.
Top Holdings By Percentage Include:
TSLA Tesla Inc 3.61%, QCOM Qualcomm Inc 3.19%, NVDA NVIDIA Corporation 3.01%, AAPL Apple Inc. 2.78%, NIO NIO Inc. Sponsored ADR Class A 2.75%, GOOGL Alphabet Inc. Class A 2.65%, 7203 Toyota Motor Corp. 2.45%, MSFT Microsoft Corporation 2.33%, AMD Advanced Micro Devices, Inc. 2.18%, CSCO Cisco Systems, Inc. 2.05%, HON Honeywell International Inc. 2.03%, GE General Electric Company 2.00%, 005930 Samsung Electronics Co., Ltd. 1.97%, PLUG Plug Power Inc. 1.82%, GM General Motors Company 1.79%
(Source: www.globalxetfs.com)
$DRIV Interesting here, bounced back into the wedge.Plenty of buy volume recently, bounced back into the wedge. let's see how it plays out.
$DRIV Those two bottom dojis looking to push it back into trendThis will be interesting to see where these dojis push it here.
Support that holdsNot a single day's close below 16.74. goo.gl
There's a support we can really trust!
