PSNY: Buy signal again. but you'll have to wait for the closingSqueeze intraday following the announcement of new secured financing
PSNYW trade ideas
PSNY Potential bullish rideReasons for bullish bias:
- Falling wedge with prominent bullish divergence
- Safe entry at breakout of LH for confirmation
- Targets till projection
Entry Level(Buy stop): 2.71
Stop Loss Level: 1.48
Take Profit Level 1: 3.94
Take Profit Level 2: 5.17
Take Profit Level 3: 6.4
PSNY forming falling wedgeReasons for bullish bias:
- Falling wedge with prominent bullish divergence
- Safe entry at breakout of LH for confirmation
- Targets till projection
Entry Level(Buy Stop): 2.39
Stop Loss Level: 1.21
Take Profit Level 1: 3.57
Take Profit Level 2: 4.75
Take Profit Level 3: 5.93
Take Profit Level 4: Open
PSNY Buy Signal with my Strategy on this bounceTwitter, YouTube, and analysts will start talking about NASDAQ:PSNY when the stock has increased by +100%... a daily buy signal has just appeared... but we are waiting for today's closing to confirm the signal...
🙈🙊💎🙌⚡️❄️💫🚀
Polestar PSNY: Buy the bottom of the bottom of the bottom.Buy the bottom of the bottom of the bottom. It's the only chance to catch the lowest point in Polestar's history.
The purple trendline originates from the lowest points when the volume was at its highest, attempting to force the capitulation of all retail investors and a few hedge funds.
If I weren't already fully invested in this stock, it's exactly at the points of the two orange arrows that I would buy in the most aggressive manner possible. At the point between the orange arrows and the purple trendline!
And if this support doesn't hold? Don't worry... the stock will collapse like you've never seen before... so, since you're already in a tough spot, might as well give it a shot, haha!
Very bad news... If I wanted to be as pessimistic as possible..."Swedish EV maker Polestar misses target for 2023 deliveries"
Polestar has not reached its delivery target for 2023. The brand delivered around 54,600 electric cars worldwide last year, falling short of the annual target, which was recently lowered to 60,000 electric cars.
-40% is the drop that NASDAQ:PSNY experienced during the previous earnings announcement... Appointment in 22 days...
Stock market is absurd... indices are soaring to the sky in orbit.. and the EV sector is collapsing like a house of cards.
By the way, Volvo is accelerating its descent into a downward spiral... someone is likely to be fired if this continues. Stocks are plummeting after Polestar missed its annual sales target, and Volvo is temporarily halting production in Belgium due to the situation in the Red Sea.
Geely trims its stake in Volvo Trucks, redeeming bondholders with shares worth over 7 billion SEK ($911 million), reducing ownership from 8.2% to 6.8%. The move aligns with Geely's communicated strategy, emphasizing a strategic, long-term investment in Volvo. This follows Geely's divestment in Daimler Truck Holding last year, sparking speculation about its influence at Volvo. Despite changes, Geely maintains a steady presence in the automotive landscape.
$PSNY Here we go... the stock is about to hit its all-time lowEarnings coming, Polestar 4 on the horizon, and then Polestar 3... 💎 🙌
The stock held the historical support... are we going to witness the same scenario as in May-June 2023?
A rebound of +40%?
Or has the electric bubble burst, and the stock is heading towards 1.80-1.70?
The new strategy displayed on the screen has evidently triggered a short position at 2.11 and is currently in a short position. Will there be a profit-taking by short sellers and a rebound? We will see.
By the way, each rectangle represents areas that are crossed quickly and effortlessly...
In my opinion, long-term short sellers should have closed their NASDAQ:PSNY is attempting to break the descending trendline.
Positive divergence with RSI or MACD is a good sign...
When $3.20
When $4.00 ?????
Polestar PSNY stockMassive compression on the weekly time frame... they can't keep driving the stock down non-stop without a break. It's no longer sustainable... Hedge funds will start to release the pressure, and the stock could explode very strongly.
This is a projection on a weekly basis, so, significant patience is required.
PSNY Polestar StockCup and handle pattern formation 1h time frame ???
Daily... still no buy volume...
Need to hold $2.20... but be aware, we have a gap just below 2.20. Need to be filled before we we go higher...
PSNY. If the price touches this area and there is strength...If the price touches this area and there is strength, the stock will quickly break through the rectangle.
For me, it's not safe to buy yet... either I'll wait for us to get closer to 2.98 for a small squeeze, or I'll wait for the second cross of the EMA 9 / 20.
Note that this stock is so boring that the consolidation phase typically lasts more than 90 days... lol.
PSNY Don't be too bearish at this levelPerhaps I am completely naive, almost certainly, lol... in my opinion, a bullish movement is about to happen soon. To at least attempt to reach the resistance at $3.19. Surely the short sellers will take new positions. Each phase of bullish consolidation or distribution (depending on our perspective) has lasted about 90-95 days.
But for me, we are currently in a massive "bullish" pattern that will try to break to the upside...
Worst scenario? Or perhaps, the stock will lose steam, doze off, and slowly fade away over the next 12-18 months...
PSNY: First buy signal. With Supertrend Indicator1. First buy signal with supertrend indicator
2. Gap to fill around $3.00 to $3.12 (Thanks to Barclays downgrade :S )
3. Second gap to fill (Wall Street dropped the stock after last earnings/results)
Before buying a few hundred or thousand shares, I'll wait for a consolidation of about 5-10 days, and especially for the EMA 9/20 to cross on the daily chart. Too many times we've been caught buying too early or not waiting long enough.
And if, by any chance, Wall Street decides to push the price up by +50%, I'm already on the train with thousands and thousands of shares... lol 🚀💰
PSNY PolestarPSNY has a Market Cap of $5.29 Billion and Revenue in 2023 (TTM) of $2.65 B.
Yet, the stock just keeps on plummeting... again and again and again... 😔📉
If we rely on Fibonacci levels, the last support could potentially be around $2.20. 📊
PSNY Polestar Forecast: 2nd Quarter 2023 Results & DevelopmentsPSNY Stock Forecast: Second Quarter 2023 Results and Recent Developments
Delivered 27,841 vehicles by June, aiming for 60–70k deliveries in 2023: Polestar delivered nearly 28,000 vehicles by June and has ambitious plans to deliver between 60,000 to 70,000 vehicles in the entire year of 2023.
Q2 saw 15,765 vehicle deliveries, a 36% YoY increase: In the second quarter (Q2), Polestar delivered 15,765 vehicles, which is 36% more than what they delivered during the same period the previous year, indicating growth.
Established a strategic joint venture with tech company Xingji Meizu Group: Polestar formed a significant partnership with Xingji Meizu Group, a technology company, to collaborate on their electric vehicle (EV) initiatives.
Focused on expanding in the Chinese EV market: Polestar is actively working to grow its presence in the Chinese market for electric vehicles (EVs) and is taking steps to strengthen its offerings there.
Upgraded Polestar 2 deliveries, achieving a production milestone of 150,000: Polestar improved its Polestar 2 model and has successfully produced 150,000 of these vehicles.
Enhanced Polestar 2 with better software, extended range (up to 650 km), and faster charging (up to 205 KW): The Polestar 2 received upgrades including improved software, a longer driving range of up to 650 kilometers, and faster charging capabilities up to 205 kilowatts.
Adopted the North American Charging Standard for new vehicles in North America starting in 2025: Starting in 2025, all new Polestar vehicles sold in North America will come equipped with charging ports that adhere to the North American Charging Standard.
Achieved $1.2 billion in revenue in the first half of 2023, driven by strong Polestar 2 sales: Polestar earned $1.2 billion in revenue during the first half of 2023, with a significant contribution coming from the successful sales of their Polestar 2 model.
Introduced Polestar 3 and Polestar 5 at Goodwood Festival of Speed with impressive power outputs: At the Goodwood Festival of Speed, Polestar unveiled the Polestar 3 and Polestar 5 models, both of which have powerful engines.
Reduced carbon footprint by 3 tons per car since the start of Polestar 2 deliveries in 2020: Polestar has made significant environmental progress by reducing the carbon emissions associated with the production of each Polestar 2 car by 3 tons since they began delivering these vehicles in 2020.
Collaborating with Mobileye on autonomous driving technology for Polestar 4: Polestar is working in partnership with Mobileye to incorporate autonomous driving technology into their upcoming Polestar 4 model.
Anticipate initial Polestar 4 deliveries in China before the end of 2023: Polestar expects to start delivering the Polestar 4 in China by the conclusion of 2023.
PSNY Giant Falling Wedge (reversal) Weekly & DailyFalling Wedge Pattern for PSNY chart, Polestar
In this chart analysis, it's evident that there's a potential buying opportunity if we manage to reclaim the indicated level (previous gap after Earnings). This could take 30 to 45 days, as institutional investors are not very interested in buying this stock.
However, it's crucial to exercise caution and patience, especially considering the need for a CMF (Chaikin Money Flow) reversal within the green zone.
While there's a possibility of a lower buy-in, it's important to remember that there are no guarantees of a bounce at this stage.
Traders should keep a close eye on CMF indicators to confirm a favorable entry point before taking action.
In addition, is there a potential positive divergence in the PPO (in formation)
$PSNY - Would you risk it for a bounce?NASDAQ:PSNY Bulls need to defend $3 or else 😱.
The support levels below:
- $3.00
- $2.87
- $2.32
- $1.44
Would you take the chance for play for a bounce?
Follow me for more chart analysis.
PSNY. Accumulation zone in the red rectangle?The stock dropped more than -10% after the financial results were announced. Typically, it takes the stock more than 30 days to recover its price.
1. Will institutional investors be ready to defend the price in this zone?
2. Will Elon and NASDAQ:TSLA put further pressure on other manufacturers with their price war?
3. The green rectangles, resistance, will be potential targets if the stock regains strength.
4. All investors are waiting for Polestar 4 and 3 to go into production. These 2 models will be a challenge for the company's future over the next 12-18 months.
Bear Flag Confirmed on $PSNYStock Following Disappointing Earnings.
Polestar second-quarter loss widens as it ramps up EV deliveries
Polestar lost $304 million in the second quarter, on revenue of $685 million.
EV deliveries were up 36% from a year ago.
The company is still on track to build 60,000 to 70,000 EVs in 2023, with two new models coming in the next several months.
$PSNY Bear flag before earnings ?Navigating Low Volume, Volatility, and Long-Term Downtrend Ahead of Earnings
PSNY Polestar EV Sector Penny Stock LONGPSNY ( www.nasdaq.com
production-race) as a niche EV manufacturer has a production schedule which rivals
LCID, RIVN FSR and others. On the 15 minute chart shows the trend down of price and
then a reversal deep in the undervalued and oversold area of the lower VWAP bands.
The MACD shows lines crossed and then ascending crossing over the zero line and
positive histogram. The dual time frame has consistent information with rising RS shown
in both time frames. Price has crossed over the POC line of the volume profile suggesting
buyers have predominated. I will take a long trade here targeting first VWAP at 4.55 and
then 4.75 the level of the double top of July 18/19 with a stop loss below the POC line
at 4.32 the stop loss of a dime compares with the profit potential as analyzed.
(follow up) Bullish Alert on $PSNYAlmost confirmed my topSwing setup.
Breakout of the long term downtrend
Positive price action at the double bottom.
Bullish Alert with bullish crossover
PSNY a niche EV manufacturer penny stock LONGPSNY has seen a price rise of 30 % in the past month. This specialty EV manufacturer
does not compete with TSLA but only perhaps ARVL also based in the UK.
The 2H chart is quite healthy. Price broke out above the mean VWAP anchored to the beginning
of the year on July 3rd and is now approaching one standard deviation above that. The MTF
RSI shows both the one hour and daily RSIs crossed over 50 the same day. On the MACD
indicator the K and D lines crossed confluent with the horizontal zero line. Signs of bullish
momentum found, I will take a long trade targeting 25% of upside at $6.00 which is the double
top on January 31/ Feb 1 as well as three standard deviations above the mean aVWAP.
