Proterra Pennant Play! Another EV Company Gearing Up For A Move Proterra NASDAQ:ACTC designs and manufactures electric transit buses and electric charging systems. I am not going to do a big write-up on Proterra, this play for me would be a shorter term swing/breakout play. The company looks solid, their customer base is quite impressive and spans across North America. They are a very diverse company and have established a strong foothold in the heavy-duty electric transportation industry.
Chart: Beautiful pennant has developed over the past 31 days and looks to me like we could rally back to $30 if the market complies. I will be watching ACTC for volume. As can be seen from the chart once it was announced Proterra was going to be merging as ACIC we had a huge rally to $31 and then a cool off with a base forming at $24-$25 range. I will be looking to enter on breakout of the pennant with common stock and depending on the IV I may enter 2/19 $25 calls (currently $1.3/1.5).
If the pennant breaks down watch to see if ACTC finds support at $23 lvl where it has demonstrated a solid bottom already.
Electricvehicles
$SOLO Interesting Volume Shelf / CoilingCurrently coiling around the 21 D EMA, $8 volume shelf.
My medium term thesis that EV and related tickers are getting ready for a short term rally, is further supported by the price action in solo.
Volta Industries to go public via $SNPR spac companyVolta Industries, Inc. and Tortoise Acquisition Corp. II Announce Planned Merger Combined Company to Remain on the NYSE
Volta is a leading owner - operator of public electric vehicle charging infrastructure that is prominently located in places where drivers live, work, shop and play.
Pro Forma enterprise value of the transaction is estimated to be $1.4 billion.
Anticipated net proceeds of approximately $600 million (assuming minimal redemptions) will be used to accelerate Volta's buildout of its charging network already in the pipeline. This includes an upsized $300 million fully committed private placement of common stock in the combined company (the "PIPE"). The PIPE is anchored by institutional investors including funds and accounts managed by BlackRock, Fidelity Management & Research Company, LLC and Neuberger Berman Funds.
- Volta's significant contract portfolio of real estate and retail partners (including Ahold Delhaize, Brookfield, Regency and others), as well as the company's iconic installations at the United Center and Dignity Health Arena as examples, highlight Volta's market leading position in convenience, high-accessibility public charging.
- Existing Volta securityholders will roll 100% of their equity in the transaction and are expected to own approximately 64% of the company upon transaction close.
- Pro forma implied equity value of the combined company of over $2 billion, at the $10.00 per share PIPE price and assuming minimal redemptions by Tortoise Acquisition Corp. II public shareholders. The transaction is expected to close late in the second quarter of 2021
finance.yahoo.com
Morgan Stanley $QS Buy and $70 price targetFor Morgan Stanley’s Jonas, involvement in QS stock comes with high risk, but also high potential reward. In fact, the analyst calls it, "The Biotech of Battery Development."
"We believe their solid state technology addresses a very big impediment in battery science (energy density) that, if successful, can create extremely high value to a wide range of customers in the auto industry and beyond. The risks of moving from a single layer cell to a production car are high, but we think these are balanced by the commercial potential and the role of Volkswagen to help underwrite the early manufacturing ramp," Jonas explained.
Noting that QS is a stock for the long haul, Jonas rates the shares an Overweight (i.e. Buy), and his $70 price target indicates confidence in an upside of 28% for one-year time horizon.
Morgan Stanley $FSR Buy and $27 price targetFisker, is based in Southern California, the epicenter of so much of our ground-breaking tech industries. Fisker’s focus is on solid-state battery tech, a growing alternative to the lithium-ion batteries that most EVs depend on. While more expensive that the older lithium-based systems, solid state batteries are safer and offer higher energy densities.
For EVs, solid-state batteries offer faster charging times, longer range per charge, and potentially lower battery weight – all important factors in vehicle performance.
Morgan Stanley’s Jonas is impressed by this company, describing the ‘value proposition of Fisker’ as “…design, time to market, clean sheet user experience and management expertise,” and saying that the 4Q22 launch schedule for the Ocean is likely to be met.
“Fisker is specifically targeting the personal owned/passenger car business as opposed to commercial oriented end markets, where emotive design and user experience matter more. Additionally, the company wants to create an all-digital experience from the website to the app to the HMI in the car and continued customer engagement through its flexible lease product,” Jonas added.
In line with his upbeat outlook on the company (and the car), Jonas rates Fisker an Overweight (i.e. Buy), and sets a $27 price target suggesting an upside of 42% for the coming year.
finance.yahoo.com
ALMONTY INDUSTRIES INC (ALMTF)ALMTF has been trending in a very reassuring shape since July 2020 between the 2 think black non-horizontal lines. We might be on the newer $0.5252 horizontal trend line since the start of this year. Volumes are low, so it remains to be seen how well, and for how long we test this line. We might well fall back to $0.50. On the positive side, though, I think we are headed to $0.57 by the end of the month. There is not much news about Tungsten of late, but Almonty is indeed one of the largest producers of Tungsten outside China and, given the EV mania, it might only be a matter of time before Tungsten is made a mention of on CNBC.
Gik = Lightning eMotors ⚡⚡⚡Picked up some 20c's for 4/16 at 1.90.
My timeframe might be off for this current projection, so equity is the safer play here;
but we are awaiting the soon to come catalyst for the upcoming merger with Lightning eMotors.
Xpev to the moon 🚀🚀🚀Still possible we see a pullback to $45, this would be my ideal buy zone.
Starter position here on:
3/19 50C at 4.50
4/16 60C at 3.80
4/16 70C at 2.57
Will add a full sized position if it gets down to my golden buy-in zone.
Archer To List On NYSE Through Merger With $ACICArcher, A Leading Urban Air Mobility Company (“UAM”) , To List On NYSE Through Merger With Atlas Crest Investment Corp
Space commercializing electric vertical takeoff and landing (“eVTOL”) aircraft,
The business combination agreement is expected to provide approximately $1.1 billion of gross proceeds to the combined company, assuming minimal redemptions, to fund expected future growth, including a fully committed $600 million common stock PIPE with participation from leading strategic and financial investors including United Airlines, Stellantis and the venture arm of Exor, Baron Capital Group, the Federated Hermes Kaufmann Funds, Mubadala Capital, Putnam Investments and Access Industries. Additionally Ken Moelis and affiliates, along with Marc Lore, are investing $30 million in the PIPE.
Pro forma equity value of the merger is expected to be approximately $3.8 billion at the $10.00 per share PIPE price.
Archer has also signed an aircraft purchase agreement and collaboration agreement with United Airlines as part of the company’s commitment to decarbonization.
United airlines has placed an order, subject to United’s business and operating requirements, for $1 billion of Archer’s aircraft, with an option for an additional $500 million of aircraft. United, in partnership with Mesa Airlines, could give customers a quick, economic and low-emission way to get to airports within its major hubs by 2024.
investors.archer.com
Clear Pennant Forming on $ACTCThis is one of my favorite plays currently.
$ACTC has been confirming price action precisely, with a pennant clearly forming and executing on the one-month perfectly.
RSI and MACD indicators are on the verge of reversing to the upside after consolidating for a month straight, another very bullish sign.
Proterra is a great investment long-term, for a variety of obvious reasons. They own about 50% market share for electric buses produced and sold within North America, giving them the biggest advantage with dire pushes for clean energy within the Biden administration.
This has the potential to be a 10x bagger long-term, given current projections and market conditions favoring EV's.
GLTA!
Can GOEV run like NIO?GOEV is an EV company and has strong backing with Hyundai. In there investor day presentation they mentioned a push for a fully autonomous vehicle and a subscription model that is different from the traditional car buying. “Innovation that excites”… Still a highly speculative stock but the technical aspect looks primed for another run. Watching this for a bounce off the bottom support line of the triangle and a break out (with significant volume, 1/3 of avg vol is low and could be a false breakout) of the triangle to begin its push back to ATH.
Key Levels
Resistance: 16.67, 17.21, 18, 18.89, 19.96, 20.44
Support: 15.68, 14.51, 13.51, 12.09
Ways to play this
1. As always safest way is to load shares
2. Scale in couple month out calls as its near support (catching the dip before confirmed reversal)
3. Wait for the breakout of the triangle to scale in long term calls (sacrifice profit for confirmed reversal)
*TIP: draw trendlines and set an alert to catch the breakout and enter (one on the falling wedge (15m) and the overall triangle resistance (1/4hr)
Option Ideas:
20C 5/21 2.35 (low risk: high reward)
25C 5/21 1.55 (medium risk: high reward)
20C 3/19 1.00 (low risk: high reward)
20C 2/19 .15 (lotto)
SOLO, When it pops, it pops!Last run-up, we had a 400% gain over a month. therefore seeing a 300% gain by March is not out of the question.
A run-up will happen with all the consolidation SOLO has been doing, and it will be a bug one, all the way up to tap the support line, at the top fib level.
WKSP BreakoutI have been watching this company the last couple months.
finance.yahoo.com
www.gurufocus.com
Looks extremely promising to me. When they start making contracts with companies building new electric trucks this thing will pop.
Why $AYRO Ayro, Inc. Surged yesterday?Why $AYRO Anchiano Therapeutics Surged yesterday?
Thanks to some news in January, $AYRO stock is racing higher. So what was that news? And what else do you need to know?
$AYRO is captivating investors thanks to its $20 Million Registered Direct Offering with Two Existing Investors news on January 25.
Announced that it has entered into definitive agreements with two existing institutional investors for the purchase and sale of 3,333,334 shares of the Company’s common stock, at a purchase price of $6.00 per share, in a registered direct offering. AYRO has also agreed to issue to the investors unregistered warrants to acquire 3,333,334 shares of common stock at $6.93 per share, exercisable six months after the closing and terminating two and a half years after the date of issuance.
finance.yahoo.com
Electric Vehicle Frenzy. Is XL the Next Breakout?!?XL is an EV play that I have been watching for the past couple of weeks. Recent news: 6 days ago they released news on a partnership to develop all-electric and plug-in hybrid refuse trucks with Curbtender. They also were initiated with Buy rating and $30 PT at Canaccord and BTIG. This news gave XL some momentum and we gapped up 8% and tried to break out of the Daily channel. XL sold off hard and gap filled but found a bottom at $20.12 area and has started to bounce. Today we retested the Daily trend line but failed to close above. EV stocks are hot right now (check out NIO and BLNK). XL looked to have the same momentum this morning but failed to hold the gains.
Volume: on the 4h chart we can see a stepwise increase in volume as we found support around $20 lvl. Today’s volume may have just been a sympathy play based on the overall EV market but keep an eye on how XL behaves the rest of this week. I am going to be watching to see if we can breakout of this Daily channel. This would set up a retest of $25. The main thing missing from XL is volume. Ideally we want to see >12M in volume.
SMA’s: We have the Daily 20 SMA serving as support at the $20.18 lvl and on the 4h chart we are sitting right above the 50 & 20 SMA’s which should help hold the $20 lvl.
Plan: I am currently swinging shares at $20.41 avg which I will hold with a stop loss under $18.30. If XL fails to gain momentum and breakout I will be looking for another leg down to the $18.70 area where we had the triple-bottom. If these lvls can hold I will add more shares.
If volume and momentum continue into tomorrow and we can break out of the wedge pattern then I will be adding 2/19 22.5 and 3/19 22.5 calls for swings.
**I will be keeping an eye on NIO NYSE:NIO /BLNK NASDAQ:BLNK to monitor EV momentum. I am currently in NIO calls as of this morning with the massive breakout. Hopefully, this can continue into tomorrow for XL.
About XL: XL Fleet Corp., formerly Pivotal Investment Corporation II is a provider of vehicle electrification solutions for commercial and municipal fleets. The Company offers electric drive systems that enhances fuel economy up to 25-50% and reduce carbon dioxide emissions up to 20-33%, while enhancing fleet operations. The Company offers XLP plug-in hybrid electric and XLH hybrid electric upfit solutions. Its hybrid solutions can be installed onto many of the gasoline and diesel fleet vehicles, including pickup trucks, cargo and passenger vans, commercial vans and shuttles, box trucks and delivery vans. The Company offers its solutions for Ford, Chevrolet, GMC and Isuzu customers.
$NIO making move againWe see some movements in NIO also it about report it's fourth Quarter Results on Monday, March 1, 2021. Looks good for a short Trade for hopefully ATH :) SL 57 #DYOR
Innoviz/CGRO Merger Play --> Will History Repeat Itself?!CGRO is expected to complete its merger with Innoviz (INVZ) technologies in the first quarter of 2021. If that timetable is to be believed then we are only looking at 1-4 month timeframe for the merger to occur. Innoviz is a lidar sensor play - think VLDR and LAZR . After analyzing VLDR/LAZR who are the well known tickers in this sector it looks like Innoviz could have a similar rally as the merger gets closer. Semi-recent news is that INVZ has partnered with Macnica (japan's largest distribution company) to sell its InnovizOne for the first time in Japan. InnovizOne has also been selected by BMW for its use in its fully autonomous electric car. Innoviz has some solid investors that interest me. They are backed by Softbank Ventures Asia and auto supplier Magna international. Magna international is one of the world's largest suppliers in the automotive industry and is the largest auto parts manufacturer in North America. So, seeing them invest millions into Innoviz is something to keep an eye on in the North American sector.
Chart :
What has drawn me to CGRO's chart is the 32% sell off over the past 44 days which may be finding a bottom at the $13 range. It held the Daily 50 SMA beautifully for 6 days straight which piqued my interest as well.
- HVN: there is a HVN between $13-14 and we saw a fail of this lvl on 1/25-1/29 but then we regained the $13 lvl which was key. The POC is at $13.78 which will serve as a strong resistance. If we can close over the POC then I am really bullish on the trade.
-Volume: there isn’t much special about the volume CGRO has seen the past 43 days as it has been mostly bearish with its sell off.
- Important to note the bullish price action this past week vs the declining volume, might be signaling another leg down unless $ steps in this week.
- 1/25 & 1/26 we saw 1.1 and 1.5 million volume with bearish candles both days. It looks to me like a failed bounce and subsequent gap down. Since these two days there has only been one larger volume day on 2/2 of 1.1 million.
We had some bulls come into CGRO that day and try to reclaim the daily 20 SMA but were unable to close above.
- MACD: CGRO’s MACD on Daily chart looks primed for a reversal, VLDR Daily chart also saw very similar MACD & RSI patterns before its merger rally
Merger :
- VLDR ran 148% the month leading up to its merger while LAZR hit 80% gains a few days before its merger and 150% gains the 4 days prior to its merger
- I am by no means saying this is going to happen to Innoviz. If anything this shows that the lidar market is becoming saturated with companies going public. LAZR by comparison has a market cap of 10.8 billion and VLDR of 3.92 billion.
The merger results in Innoviz with an estimated $1.4 billion equity value.
- I am looking at these comparisons and think there may be a possibility here for a INVZ run up into its merger. The tricky thing about this play is timing.
Plan:
I am currently in a small starter position of CGRO at $13.37 and this week I will be looking to continue to add shares. Once we get some momentum I am also looking to add some March or April calls.
1. If CGRO continues to see no bullish volume I think we retest the triangle bottom trend line and might even see the $11.60-12 range where the other HVN is located (lower blue square on chart). If this is the case I will watch for a bounce at this HVN and/or the 100 SMA.
2. I want to see CGRO hold its $13-$14 HVN range and close over the 20 SMA on the daily chart. With such a long consolidation and merger news imminent I am adding a starter position and then waiting on volume accumulation to add a larger position.
SL: If we fail the triangle pattern and look to be heading to the 11.60-12 range then that is a good opportunity to take the loss and re-enter lower. I have a smaller position so I am comfortable holding my shares through this breakdown if it occurs. I will more than likely avg down if these levels are seen.
***Downside: - Other Lidar plays that have SPAC’s supposedly merging in the first quarter are Ouster ( CLA ) and Aeva ( IPV ). The Lidar market will quickly have multiple companies joining via SPAC’s in the first half of 2021. This saturation can make it tricky for just one company to run. This writeup focuses on INVZ but a diversification of 2 or more of these Lidar plays may be more risk averse.
Thanks for reading my write-up if you made it this far! would love to hear your thoughts on this play/sector. Give me a like and follow on TV for future trade ideas.
SOLO SwingFalling wedge broken but ascending triangle could still indicate a bullish move up as seen on 1D chart.
In at 8.59. Tight stop loss, out at 8.20.
Short Term Pull BackBlade Battery tech is looking pretty good but is the price justified?
Looking forward to hearing your thoughts
Reference to Article on enhanced battery tech
www.nature.com
$THBR Wedge Filling Nicely. Look To Retest $12.75 area.$THBR Wedge Filling Nicely. Look To Retest $12.75 area. Any Positive Catalyst's Could Help Break Through To Our Next Leg.
