Autonomous Driving - here to stay?Autonomous driving stocks are on fire at the moment. There is a real buzz around the space, so if you're looking for names that can have the potential to do a huge return then look no further than WeRide. Jensen purchased a good amount of its stock, they have strong partnerships with several companies including Uber, and they're rolling out their services across various cities around the world. The financials don't look great atm as they are investing heavily into R&D.
Technically it looks like we could be breaking above the trendline, bullish volume could send this stock up like a rocket ship. If the broader market pulls back, this is likely to fall to new lows. Beware of the risk!
Not financial advice, do what's best for you. This is a high risk stock.
WRD trade ideas
Mutlibagger potentialThere’s not a lot of data on the stock price but we are starting to show signs of strong bullish volume coming in. But make no mistake. This is an extremely high risk, high reward type stock.
None of the finance bros are talking about this on YouTube. But behind the scenes, the likes of Nvidia and Uber are investing into the future of autonomous vehicles by pumping money into WeRide. Financially the company is guzzling through money as they are heavily R&D focussed at this stage of the business. It could head to zero if the end product and adoption is not delivered.
I for one will be paying close attention to the chart before taking a trade on this. Stop losses are important with extremely high risk projects, the charts will pump before bullish news is announced. I’m waiting for a reclaim of the POC and I may just enter.
Not financial advice
WeRide or WeDie?Tech is getting toasted. Growth names are getting smoked. But that doesn’t mean there isn’t opportunity out there. I entered at long position at the VAL around $15.25, I’m expecting a rotation back towards the VAH towards $30. Stop loss is already at break even in case this capitulates. POC is holding up well...
Nvidia have invested in this baby, I expect them to talk about Autonomous driving. This could ride up massively, or fail and die. So be careful out there!
Not financial advice, always use stop losses to protect capital. Especially with high risk trades