The end of Wave 1 is near. Do not fall into the trap of Wave 2The microwave 5 is starting on wave 1 with the target of 17.5.
Catch right price and time of wave 3.
Electricvehicles
Nio bull runLooking like a good buying opportunity for NIO. When all the media settles down, NIO's EV products will be back into focus. Considering they're China's home brew Tesla ( with an arguably better battery ), they'll probably be received better by locals, and at the very least provide healthy competition in the market for EV's.
The ups and downs seem to stick to the fib retracements pretty well, so I've used the same ratios for the new run upwards. Let's see how this plays out over the next month or so for me.
Electric vehicle (EV) stocks cool - will Volkswagen rise?EV stocks compared to Volkswagen - Nio, Tesla, Li Auto, Workhorse Group, Kandi Technologies, Arcimoto, BYD
Volkswagen recently drew attention with its plans to compete in the EV market, and investors bought into the news. Look at a 2021 daily chart, and it is striking that seven popular EV stocks are all negative for the year. These stocks made sky-high gains in 2020, so this recent "cooling off" makes sense. Volkswagen is a newcomer in the EV market, yet it is an established global brand.
Most people agree that EV companies have high growth potential, but investors should check prices before buying. This chart shows price performance over the past 12 months, and after this year's selling most EV stocks still have sky-high gains. Technically, looking at individual stocks, some are at support and others have room to drop. The next earnings reports will provide a reality check, and here are some questions to consider:
Did these companies make significant progress, revenue increase, or earnings growth, to warrant such dramatic stock price increases? Did investor sentiment and global stimulus money lead to "follow the crowd" buying? Will EV stocks head lower in 2021 if interest rates rise? How do the P/E ratios and EV/EBITDA ratios compare? Will sentiment lead Volkswagen to outperform other EV stocks this year? Will Volkswagen be a top EV stock over the next five years?
Notes:
* All companies directly produce EV's
* Warren Buffet has a stake in BYD
* Scale is based on U.S. Dollar price change
Potential of butterfly harmonic patternAB=0.78 XA
BC= 0.68 AB
CD=1.6 BC
D point could be start of wave 3 to 140$
$29.80 - $20.47 NIO?? I still like it long term as much as just about any other stock, I'm hopeful for another low entry.
10% fall is on the table for TESLAOn the 1H we have a H&S pattern. We just broke down from that, which is bearish.
However, we are still within the mini descending channel (black lines) for now.
Important next move: if we bounce off the lower support of the mini descending channel, then we can sleep easy.
If we break the support then we could head further down, maybe 10%. Last time we broke down from the mini descending channel (black lines) we fell by 13%.
LI to the moon or down to square one!Dear Traders,
We were all excited when LI stock started to reach it's ATH in November but it has been on a down trend since then. A lot of its supporters have bailed out and are waiting for it's next big move. Is that big move now? Based on this analysis, we have a strong price rejection at our major support line shown in red, which could a sign of trend reversal. We still need confirmation if that's the case. It looks like the Elliot correction waves C is almost completed today but again we need to see another price rejection at 33.50. If that happens then with a little bit of turbulence on the way, the target should be between 50-55. Otherwise, we have to go back to square one and see if the next support at 18 will hold this up. Let's see how things unfold.
Of course, market does whatever it likes to do and these prediction might not mean anything but should give us a clue while we keep an eye out for CRSR price action. Also this is not a financial advice and I'm not a financial expert.
If you enjoy this analysis please give me a thumbs up and leave a comment. This will motivate me to keep going!
Thank you
AH
GOEV: Another bullish correctionGOEV has been correcting after a bullish impulse. Now we wait as the correction develops and getting ready to start scaling into the position. Extremely bullish on this one. I like the stock
Areas of Supports and Resistance for $NIOI am Bullish long term for this company.
The company has a lot of upside in the coming years. I like the idea of a battery as a service. Home brands in China are very highly likely to do good in almost any business.
Follow for more technical analysis.
Potential yum yum style reversal for the behemoth TeslaA few weeks ago, in February, I pointed out that Tesla is looking bearish on the weekly chart. Now I have a feeling it may push through resistance and try push prices of $850, $900 or higher.
My position is 10 call options contracts that expire 3/26/21 with a strike price of $515, so you can see how confident I feel about the potential of this yum yum style.
I see it in the days ahead, hours too. It may go down for a bit today/first, which may be an ideal time to snag some.
Have fun!
Not investment advice. just ideas.
Do you see what I see? H&S for NIO?Might be a head and shoulders, unfortunately, which could mean a trend reversal.
Could be bad news ahead if we break down from the ascending channel, and then break the neckline.
FuelCell - inverse head and shoulder?FuelCell - inverse head and shoulder? if that pattern is be verified, would be great
Multi timeframe analysis on NIO Today we will make an update on a previous idea we developed on NIO (Link to related ideas)
First, let's start with the big picture, the daily chart.
-Here, we can see that the price found a strong level on the convergence area of the ascending trendline and the support zone. That's our main structure to support the bullish idea; now, we want to see the targets and how to trade them.
-On the 30 minutes chart, we are using a previous situation as a filter to validate our current view. We have a broken descending trendline broken + Flag pattern on the outside of the broken trendline, and finally, a bullish impulse towards the next resistance zone.
-We can observe in the current situations a lot of similarities with the previous one.
-We have the price bouncing from a major level on a higher timeframe, and we can see a corrective structure being formed on the outside of the descending trendline. Now we want to see a much bigger Flag pattern (similar size to the one that happened before). IF that happens, we will define our activation level on the green horizontal line. Our invalidation level will be below the flag pattern, and the target we will use for this movement is the next resistance zone.
-Take this as an idea that is not completed yet. We will make a new post when we consider that the structure is ready to trade.
Thanks for reading!
My long-term roadmap on $LMR.vWe're currently sitting in a zone with a lot of tension. Need to bread above the dual long-term bearish trendlines. Testing arc support would not surprise me in the least.
$ADNT enters into agreement with joint venture partner YanfengAdient announces strategic transformation in China
- Company enters into agreement with joint venture partner Yanfeng to end its YFAS joint venture
- Transactions provide Adient opportunity to independently drive its strategy in China
- After-tax proceeds of ~$1.4B, combined with existing cash on the balance sheet, are expected to drive significant debt paydown throughout 2021
$ADNT has entered into definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. (YF) to end its Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture in China.
Adient will receive ~$800 million in cash by closing of the transactions (including dividends) and ~$700 million in cash prior to calendar year end, even if closing occurs before such time.
Pro forma Adient
Compared to the company's FY21 outlook, once the transactions close, global consolidated sales and Adj.-EBITDA are expected to increase annually by between $700M-$800M and between $90M-$100M, respectively. In addition, Adient's equity income post-closing is expected to decline annually by ~$155M. Net income and EPS improvement is forecast post-closing, driven by the expected significant reduction in debt and the corresponding benefit of lower financing costs.
finance.yahoo.com
XPEV LONG if we step out of the bearish channel XPEV could be a good opportunity for opening a long position.
Just be aware of descending channel and wait when we step out of this channel.
My Targets for TP are $54 $59 and $74.
CBAT Day/Swing-Trade IdeaCBAT's descending wedge trend has reversed into an up trend.
Little resistance is expected until it hits the $6.02 local fibonacci retracement support/resistance level.
A day trade may be possible from $5.50 - 6.02 range.
*Note - Prices tend to peak between 9:30 AM and 11:30 AM EST historically (See Chart).
A swing trade may be possible from $5.50 - $7.24 over the next week.
Can we run higher?If the resistance is broken we can have a nice run to $17. A MACD crossover about to be happening.
This is not an investment advice.
