Battery Sector LongI generally view the macroeconomy through a liquidity lens dominated by sovereign nations and central banks exercising their power to move liquidity around various parts of the economy. Renewable energy and battery technology are inevitable, but when will governments decide? Well, it looks as if China is making the first move (link below). Moreover, known short seller Marc Cohodes is going LONG on NASDAQ:ENVX (link below). I had a few friends in the materials science space who can vouch for Enovix technology but better to buy the broader battery market to be safe. Potential quarterly bull flags shaping up for NASDAQ:QCLN AMEX:LIT and $BATT. Planning on buying support areas for the next few weeks.
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QCLN trade ideas
QCLN target entry $72Great fund, love EVs, and it's paid out handsomely by just buying the dip and following prudent stop losses.
Short term pullback doesn't have a support line now until $71.84 right near the .786 FIB and looks like a logical bounce point.
M top for now, expecting bottom in 1-2 more trading days
Watching for reentry near $72, expecting resumption of uptrend soon after
Exited most of my longs at the end of the year.
I ended up giving back about 1/2 of my gains on paper by keeping some into this year so far.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
The one that really hurt $QCLNYes I haven't buy this one NASDAQ:QCLN , I don't know how it happened but it did. Now with this possible pullback I be watching it to buy strong. I see 3 different buy points in this chart, but I think the purple zone would be the best one. Even thought I would like to buy on the 50 day MA, anything could happen. Now is time to wait.
QCLN - Due for a 7% pull back - BTDQCLN is an Electric Vehicle/Hydrogen ETF that has done well for me.
It's on monthly cycles going up 25-30% then dipping about 7%. I'm looking for another dip this week to buy more.
Note: I am looking for this to likely peak and a real correction early next year, but I think it will be a great short term investment.
*NOT FINANCAL ADVICE - NOT A FINANCIAL ADVISOR*
QCLN:NASDAQ - CLEAN ENERGY ETF - Up 130% since March lowsQCLN holds a broad portfolio of US-listed firms in the clean energy industry. Eligible companies must be manufacturers, developers, distributors, or installers of one of the following four sub-sectors: advanced materials (that enable clean-energy or reduce the need for petroleum products), energy intelligence (smart grid), energy storage and conversion (hybrid batteries), or renewable electricity generation (solar, wind, geothermal, etc). Because there is subjectivity in classifying companies as “clean energy”, potential investors would be well-served by reviewing the fund’s portfolio to make sure your definition of “clean energy” matches QCLN’s. This ETF is among the least expensive and most liquid funds in its segment, making it a strong contender for investors considering the space. (Source: www.etf.com)