Squeeze Me: ZAPPI do not have a crystal ball
But what I do have is enough
Trade What You See..Not What You Hope For
ZAPP trade ideas
$ZAPP Lottery Ticket
Zapp Electric Vehicles Group Limited (ZAPP) is a company specializing in the development and production of electric vehicles, particularly high-performance electric scooters.
Recent Developments:
Increased Financial Commitment: In February 2024, Zapp secured an enhanced standby equity purchase agreement, providing up to $50 million in funding. This capital infusion is intended to accelerate the company's growth and support its operational objectives.
Operational Expansion: Zapp announced the ahead-of-schedule opening of a new microfactory reference site. This facility showcases the company's proprietary, flexible, and sustainable production methods, potentially enhancing manufacturing efficiency and scalability.
Analyst Projections:
Revenue Forecasts: Sales in fiscal 2025 are anticipated to be weighted towards the latter half of the year, with projections indicating an annual run-rate exceeding 25,000 units.
Profitability Outlook: Analysts expect Zapp to achieve breakeven by 2026, with an estimated profit of approximately $11 million. This projection suggests a significant growth trajectory, with an average annual growth rate of 118% leading up to profitability.
Considerations:
Market Volatility: Zapp's stock has experienced fluctuations, with some forecasts predicting a potential decline in the near term. For instance, certain analyses suggest a possible decrease to around $1.13 per share by February 2025.
Financial Position: The company currently reports negative equity on its balance sheet, which may raise concerns regarding its financial health and sustainability.
Conclusion:
While Zapp Electric Vehicles Group exhibits promising developments and ambitious growth plans, potential investors should carefully assess the associated risks, including market volatility and the company's financial position. Conducting thorough due diligence and aligning investment decisions with individual risk tolerance and investment objectives is advisable.
ZAPP - New short squeeze leg up? 44 % short floatZapp Electric Vehicles Group Ltd designs manufactures, and sells high-performance electric vehicles, including maintenance and repair of electric vehicles and related parts and accessories.
This is a high risk idea - keep this in mind!
Short float: 44.95%
Shares float 1.47M
Borrow Fee: 490 %
Low amounts of borrows
Breakout Zone: $12.00
Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.
Overall Market Sentiment:
Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions.
Resistance Points:
$12.00
$14.50
$16.00
$19.00
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Set a target at $24.00 or even $39.00 is possible.
Stop Loss (SL): Set at under $7.00 or $9.00 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Zapp: Hidden Gem Poised for a Meteoric Rise!In the ever-evolving landscape of electric vehicles, one company stands out amidst the crowd: Zapp Electric Vehicles Group Limited. Despite flying under the radar of mainstream analysts, Zapp's recent performance and market conditions signal a potential breakout. This comprehensive analysis delves into the technical indicators, price action, and recent news to uncover the untapped potential of Zapp.
Zapp's shares surged by an astounding 127.03%, closing at $9.24, following a positive sales report from China. This bullish momentum is fueled by a significant decline in internal-combustion-engine car sales in China, alongside a robust increase in sales of new-energy vehicles, including electric and plug-in hybrids.
Current Price: $9.24
Post-Market Price: $11.50 (+24.46%)
Volume: 105.00M, significantly higher than the average 30-day volume of 12.73M.
The spike in volume, coupled with the dramatic price increase, suggests strong investor interest and bullish sentiment.
The latest candlestick shows a substantial upward movement, closing well above previous resistance levels. This bullish engulfing pattern indicates strong buying pressure.
Primary Support: $1.86
Secondary Support: $1.50
Tertiary Support: $1.20
Immediate Resistance: $9.50
Key Resistance: $11.50
Zapp's breakout above $9.50 is a critical milestone. If it sustains above this level, the next significant resistance is at $11.50.
The short-term moving averages indicate a strong buy signal, suggesting continued upward momentum. The long-term 200-day EMA remains a sell, reflecting past underperformance, but the recent surge might alter this outlook.
RSI (14): 88.04 (Neutral)
MACD (12, 26): 0.87 (Buy)
Momentum (10): 7.03 (Buy)
The RSI indicates overbought conditions, suggesting a potential short-term pullback. However, the MACD and Momentum indicators reinforce the bullish trend.
Speculative Price Target
Given the current trajectory and market sentiment, Zapp's price could potentially reach $20 in the short term. For a more aggressive target, if Zapp executes its growth strategy and capitalizes on market opportunities, a speculative price target of $35 within a year is conceivable.
Trading Strategy
Long Position:
Entry Point: $9.50 (upon confirmation of support)
Price Target: $20 (short-term), $35 (long-term)
Stop Loss: $8.00 (to mitigate downside risk)
While mainstream analysts overlook Zapp Electric Vehicles Group Limited, the technical indicators and recent market movements paint a promising picture. As the only analyst paying attention to this hidden gem, I am confident in Zapp's potential. With diamond hands, I am holding onto this stock for the moon!
Stay tuned for further updates and detailed analyses as we witness Zapp's journey to becoming the next big player in the EV market.
Is Zapp the Next Tesla?Zapp Electric Vehicles Group Limited has recently grabbed the spotlight with a spectacular surge, closing at $2.39 (+25.79%). Supported by strong financial results and a raised business outlook, ZAPP is emerging as a potential disruptor in the electric vehicle (EV) market. This analysis combines detailed technical insights with the latest bullish news to make a compelling case for why ZAPP could be the next Tesla.
Recent Performance: ZAPP’s recent price surge, closing at $2.39, indicates robust bullish momentum. The price tested a high of $3.20 before stabilizing, reflecting volatility and potential profit-taking at higher levels.
Key support is identified at $1.86, with immediate resistance around $3.20. The psychological barrier at $3.00 is critical, and a breach could propel the stock towards higher resistance at $4.00 and $4.50.
The volume spike to 35.24M signifies strong interest and participation from traders, suggesting the recent move is backed by substantial trading activity. This volume surge often precedes further price movements.
RSI (14): At 58.89, the RSI is neutral but leaning towards overbought territory. Traders should watch for RSI crossing 70, which might indicate a pullback.
MACD (12, 26): Positive at 0.15, providing a “Buy” signal. The momentum is gaining, indicating potential for further upward movement.
Awesome Oscillator: At 0.71, confirming bullish sentiment.
Ichimoku Cloud:
The price is currently below the Ichimoku cloud, indicating potential bearish resistance in the near term. However, if it breaks above the cloud, it could signal a strong bullish reversal.
Zapp Electric Vehicles announced their financial results for the first half of fiscal year 2024, showcasing a net loss reduction from $8.6 million to $5 million. Moreover, the company raised its business outlook and projected first customer deliveries of its i300 in the fiscal fourth quarter of 2024. This bullish news has significantly contributed to the recent price surge and optimistic market sentiment.
Financial Turnaround: ZAPP has managed to reduce its net loss and operating loss significantly, indicating effective cost management and operational improvements. This financial turnaround is crucial for building investor confidence and attracting new capital.
With the expected first customer deliveries of the i300 and plans to scale production to over 25,000 units per year by fiscal 2026, ZAPP is poised for substantial growth. The company’s focus on underserved markets in Southeast Asia and India further enhances its growth prospects.
ZAPP’s innovative approach to EVs, targeting a large, underserved category of consumers who want superbike specifications with city maneuverability, positions it uniquely in the market. This distinctive strategy could see ZAPP capturing significant market share, much like Tesla did in its early years.
With more than 56 million shares already changing hands following the business update, the trading volume indicates a strong market interest. This volume can be a precursor to further price appreciation as new investors jump in.
Short-term (1 month): If bullish momentum continues, ZAPP could test $4.00, with potential to reach $4.50. However, a break below $1.86 might see it retest lower supports around $1.50.
Long-term (1 year): Analysts are highly optimistic, with a speculative price target of $35.00 (+1364.44%). This target assumes ZAPP successfully executes its growth strategy and capitalizes on market opportunities.
Long Position: Enter at current levels ($2.39), with a target of $4.00. Place a stop-loss at $1.80 to protect against downside risk.
Short Position: Consider shorting if the price fails to break above $3.20 and RSI exceeds 70. Target a decline to $2.00 with a stop-loss at $3.50.
Zapp Electric Vehicles presents a high-risk, high-reward opportunity. The technical indicators suggest potential for significant gains, but traders should remain cautious and employ strict risk management strategies. The recent positive news, coupled with a solid growth plan, positions ZAPP as a potential game-changer in the EV market. With its innovative approach and substantial growth prospects, ZAPP could very well be the next Tesla. Investors looking for a promising addition to their portfolio should consider ZAPP as a compelling buy.
