My NIO shortLast week on November 23rd I took a short trade on NYSE:NIO . I also talked about the trade and the additional confirmation of what was going on in the EV sector in the video linked below.
I wanted to have this trade marked for posterity as it was just a great example of the same strategy I use on all instruments and all timeframes. It's very simple...
Break of Support/Resistance
Pullback to confirm that Support/Resistance for entry
A target that can gives 3-to-1 Reward/Risk
This is the recipe I have used all year playing stocks and making consistent gains. It makes me respect Support and Resistance and stay PATIENT for setups rather than jumping in.
Electricvehicles
Significantly Increased Sales to the Rising Chinese EV MarketChina Automotive Systems Significantly Increased Sales to the Rising Chinese EV Market in 2020
- 120,000 steering units shipped for electric vehicle ("EV") models so far in 2020; may reach over 140,000 units by year end 2020
- targets sales of over 200,000 steering units for Chinese EV vehicles in 2021 -
- Sales of Chinese EVs approximately doubled year-over-year to 144,000 units in the month of October 2020. With this rapid growth of EVs occurring in China, the outlook is for booming growth as the Chinese government has set an EV car target of 25% of all new cars by 2025.
- Other new products are under development to meet the future needs of the surging Chinese EV market."
- Our portfolio of EPS products has the potential to become a major growth channel over the next few years as we further capture market share in the burgeoning market for Chinese electric vehicles.
finance.yahoo.com
$WKHS Workhorse Group INCYTD VIEW
Auto Fibs
MA on 20 for length
MACD looking VERY BULLISH
Well, what can I say??
BUY WORKHORSE!!!! I've held from the 16th till now. Huge mistake not really checking out my move but I held strong and now above my mark of $23.
Still waiting on the greatest news ever I assume but at the same time, watching to see if this can continue on its roll. I would love to see $46 to be honest. Patience would be KEY!
Very Proud of workhorse. I actually love the company idea and what they've accomplish.
Good Stuff Work Horse!
NASDAQ:WKHS
The nerve of my friend calling this company pony horse... lol ASSHOLE jp!
#WORKHORSEGROUPINC
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#InvestSmartWAAS
All eyes on EVI am getting the feeling of electricity in the air before the storm in the Electric Vehicle market. I don't want folks to be caught sleeping as price action is starting to give signals. In this video I talk about how the news today on NASDAQ:NKLA created some delayed but interesting price action in NYSE:NIO and NASDAQ:TSLA that anyone trading EV stocks needs to be paying attention.
XPeng Announces Vehicle Delivery Results for October 2020XPeng Announces Vehicle Delivery Results for October 2020:
• XPeng delivered 3,040 vehicles in October 2020, a 229% increase year-over-year
• XPeng delivered 17,117 vehicles year-to-date 2020, a 64% increase year-over-year
• XPeng delivered a total of 3,040 Smart EVs in October 2020, consisting of 2,104 P7s, the Company’s smart sports sedan, and 936 G3s, its smart compact SUV. The Company’s October deliveries represented a 229% increase year-over-year.
• As of October 31, 2020, year-to-date deliveries of the Company’s Smart EVs reached 17,117 units, representing a 64% increase year-over-year.
• Despite China’s Golden Week holiday in early October which affected deliveries, the Company sees strong business momentum supported by fast production ramp up and robust demand for its Smart EVs.
• It achieved a new milestone this month, completing the production of 10,000 P7s on October 20, 2020, just 160 days after starting mass production in late May.
finance.yahoo.com
Electric Vehicle Company Canoo 421M Market CapCanoo has announced a merger agreement with Hennessy Capital Acquisition Corp. IV (HCAC), a special purpose acquisition company (SPAC), that would result in Canoo becoming a publicly listed company.
Canoo is a Los Angeles-based company that has developed breakthrough electric vehicles, reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that defies traditional ownership to put customers first. Distinguished by its experienced team – numbering over 300 employees from leading technology and automotive companies. (prnewswire.com)
The indicators are looking bullish on every timeframe, the market cap is very low and the company looks promising.
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NNO.V -- Looming Falling Wedge BreakoutVery bullish chart setup that is on the verge of breakout. EV space is hot and this company is one of the few under the radar gems that hasn't seen a run yet.
$NKLA Nikola Corporation 5 YR View
Auto FIBS
MA at 20
MACD looking to go into green zone
I think this is a stock I can be happy buying about 5 shares and test the ride to see if it could be pumped up...
I Like how the GREEN DOJI kicked in and a nice green day followed..
$34.52 seems to be the next level of some support.
NASDAQ:NKLA
#NikolaCorporation
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$SOLO Electrameccanica Vehs Corp1 Month View
Auto Fibs
MA on 20
In a GANN BOX Star
I've had my eyes on the market from summer and now to see it moving, I am very proud to see that its moving fast as well. Im thinking of picking up some shares but with the range looking to $15.64, I think its a good look at about $10 ish to purchase some shares for long term....
NASDAQ:SOLO
#ElectrameccanicaVehsCorp
#TradeSafe
#InvestSmartWAAS
solo will trend up to $14solo will begin a move up to $14, try planning accordingly
following in $KNDI footsteps
Next gen EV batteries will be 1/3 Manganese (E. Musk)MN.v is the *only* high grade Manganese project in North America that has a path to commercialization. Elon Musk recently said that the next gen EV batteries will be 1/3 Manganese. With many EV related stocks hitting fresh highs, the market is yet to notice this junior miner with a very unique project in Canada that has no competition in North America. Drilling since the beginning of October with first assays due very soon.
Aside from its Manganese property, the company has has development and patented viral and microbial mitigation technology that is seeing interest in the US.
Technically, the stock has filled the gap at .28 and presents an attractive entry for scaling in at current levels.
Expectation on TSLA big consolidation fight between Bulls & BearIt is known that those stocks that enter the 'S&P 500' have increased in their stock price by about 20% and Tesla will definitely take a place in this. My #1 speculation on tesla will be that it will exceed its all-time high which is 500(might be pre-market) on open there will be high highs and lows but overall my #2 predictions are that it will reach its new support and resistance around 440 USD to 480 USD.
SOLO Looking to Boom? (> 86% Potential Profits)Hello fellow traders,
Today we are looking at the daily time frame for Electra Meccanica (SOLO) on the NASDAQ. As we cab see on the chart, prices rallied almost 500% to peak at around $6.00. Since then, as expected, there has been a massive correction back down to the $2.34 level. The chart has printed a bullish falling wedge pattern.
We now see that a double bottom has played out and prices have bounced off of several EMAs. We have prices trading above all EMAs, RSI above 50, and the MACD giving a bullish cross and moving up. These are all bullish. We can also see that there is some resistance here around $3.74 (0.382 Fib level), but this is expected at each Fib level, and I believe this is just further consolidation before the jump.
It is difficult to give an entry range right now, as we need to see where prices move from here first. As you can see, I have split my entries at $2.71, $3.00, and $3.29 (green lines), but I am looking to increase my position if prices continue moving upward.
Potential short-mid-term targets are at $4.58 (+24%) and $6.00 (+62%). A longer-term target at the 1.0 Fib level would be at $6.77 (+86%). If the high is broken, however, prices could move up to the 1.618 Fib level around $8.30 (+125%). Keep your eyes on this one, as it could be a huge opportunity for a long position.
Let me know your own thoughts and comments down below. Remember to like the post if you enjoyed and check out my profile for more stock and cryptocurrency trading ideas.
Price at writing: $3.62