Get started

EV

RIVIAN Last bounce before the bottom. Be ready to buy.Rivian Automotive (RIVN) has been trading within a Channel Down pattern since the September 15 2022 High. The price action has been below the 1D MA50 (blue trend-line) for more than 3 months (January 11) and with such aggressive selling, the price is approaching the bottom of the pattern. With the 1D RSI on Higher Lows (Bullish Divergence) we expect a dead-cat-bounce towards the 1D MA50 on the 0.236 Fibonacci Channel level and then structure bottom around 7.80. That will be the time to go heavy on buys and target $17.00 (Fibonacci 0.618, which is where the last Lower High was priced at). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVN
by TradingShot
3
NIO SHORT to $5.70, then $4.0 NIO - Chinese automaker Fundamental According to carnewschina.com in Q1 2023 year NIO sold 31,041 EVs - 2.46% only. "Nio is currently having difficult times in China. Because of the price war, its sales declined, resulting in a noticeable revenue decrease. So, Nio was forced to also join the price war by cutting the cost of every model by 30,000 yuan (4,200 USD). They are obviously in need of keeping the customers’ demand high. The newly launched ET5 Touring can help them for a short period. But station wagons don’t sell hot in China. So, Nio has to push its international deliveries to start as soon as possible." read NIO to hit the Europe soon. - I can't believe it. European market is not empty. Volkswagen, BMW, Tesla, Toyota, Honda, Hyundai and many others sell a lot right now. Top EU Electric Cars I watched a lot of presentations, reviews. Nio EV's are really good. But the prices.. Y/Y Gross Margin % 7.73 Operating Margin % -37.06 Net Margin % -35.01 Income -2463.40M Sales 7.03B Cash is melting, debt is growing. Technical NIO's chart goes down in the channel. Just now price is - near the top level of downtrend channel - Resistance $10.5 - RSI 23 is 63% (bounced from 70%). Always when RSI is on this level the price falls 30% min. - next strong support level is $5.70 Conclusion NIO chart is going down in the channel. Buy for $5.70, then $4.0 and keep for 2-3 years.
NYSE:NIOShort
by AndreyVasylyuk
7
TESLA Is this a W-shaped recovery?Tesla (TSLA) held Support 1 (160.50) last Friday, in fact it touched it and rebounded immediately making a technical Double Bottom formation. Yesterday it broke and closed above the 4H MA50 (blue trend-line) for the first time since March 04, providing s serious bullish continuation signal. The most important development however, is that this Double Bottom has strong probabilities of giving a W-shaped recovery pattern. A break above the 1D MA50 (red trend-line) will technically confirm that, as it will be the first time above it in 3 months (since January 09). We can already see the 4H RSI on Higher Lows, i.e. a Bullish Divergence, which favors these probabilities. Our short-term Target is 205.00 (marginally below Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
6
Is The EV Hype Over? How The Fed Is Destroying TeslaThe first quarter of 2024 is now over, closing in a record +10% YTD rally and an exceptional +43% YOY increase in the QQQ. Despite the markets pushing higher, Tesla is experiencing significant challenges, with a -30% decrease YTD and a -9% decline YOY. This performance has positioned Tesla as the worst performing megacap so far. Given these circumstances, it's essential to delve into both macroeconomic factors and technical analysis to understand what has happened and what is likely to happen moving forward. The Macroeconomic Impact on Tesla Two years ago, the Federal Reserve initiated a historic rate-hiking cycle, increasing interest rates from 0% to 5.5% within just over a year and maintaining this rate since July 2023. This shift in monetary policy has notably affected car financing rates, now at 8.2% for a five-year loan, which significantly discourages consumers from buying new vehicles, especially EVs. The chart clearly illustrates an inverse correlation between Tesla stock and interest rates. Moreover, Tesla has operated exclusively during periods of historically low interest rates. Despite the Federal Reserve pausing rate hikes nine months ago, the interest rate on car loans continues to rise. Further examination of inflation trends indicates that most common inflation measures have either plateaued or slowed their pace of deceleration, at a level inconsistent with the Fed's 2% inflation target. The M2 money supply and inflation expectations are critical indicators for predicting the direction of inflation. The peak in the headline Consumer Price Index (CPI) followed the peak in M2 YOY by 16 months, recently bottoming just three months before CPI YOY stopped making progress to the downside. This lagged correlation suggests that headline CPI is unlikely to continue its strong downward trend moving forward. Moreover, inflation expectations, which remain well anchored, have also appeared to stop making progress to the downside, all remaining above 2%. This, combined with unchanged interest rates for nine months, suggests that the neutral rate of interest must be significantly higher than the pre-COVID trend. Historically, recessions have played a key role in helping the Fed bring down inflation to their 2% target. However, current economic indicators, including low unemployment levels and easy financial conditions, suggest that a recession is unlikely in the near future, despite the fed funds rate staying unchanged at a two-decade high. The Chicago Fed National Financial Conditions Index (NFCI) captures the stimulative effects on the economy from the U.S. government's expansive fiscal policy. By borrowing and spending trillions directly from the Reverse Repo (RRP), the U.S. government has ingeniously counterbalanced the constrictive effects of tighter monetary policy without exerting upward pressure on long-term yields. The prolonged inversion of the yield curve, significantly extended by the U.S. government's financial strategies, could mark this cycle as having the longest inversion in history. Typically, a steepening yield curve is a precursor to higher unemployment and economic recession. However, the steepening of the yield curve remains unlikely in the short term, with excess reserves still available in the RRP and the Treasury General Account (TGA). With the U.S. employment sector still robust, showing historically low unemployment levels and low initial and continued claims, the likelihood of a significant uptrend in the unemployment rate seems low, as job openings are absorbing most of the excess labor supply and still remain well above the historical trend. This suggests that the fed funds rate may remain at around 5% this year, maintaining car loan rates at a higher level for an extended period and consequently making EVs increasingly less affordable for the average consumer. This scenario is likely to lead to a continuation of price cuts and greater margin contractions. Tesla's Technical Analysis Outlook From a technical analysis perspective, Tesla stock faced rejection at the $205 horizontal resistance line and might be rejected from the $180 level, marked by the 0.236 Fibonacci level. The next significant support level is at $155, with a possibility of revisiting the January 2023 low of $110, given Tesla's stock has been in a downward trend ever since November 2021. From a trend-based perspective, we can clearly see that TSLA stock is in a strong downtrend both in the 4H and daily timeframe with the EMAs and 20- week SMA trending lower. Despite this unfavourable outlook, caution is advised when considering short positions in Tesla due to its market dominance and relatively stable financial position, making it a riskier target than other less financially secure EV manufacturers. Concluding Thoughts While the broader market demonstrates resilience, the Federal Reserve's monetary policy is significantly shaping the EVs industry future. With the economy likely transitioning away from historically low interest rates into a higher interest rate environment, caution is advised. Investors may benefit from considering less interest-rate-sensitive options until a clearer picture of the inflationary landscape and its impact on the economy emerges. Disclaimer: This article is for informational and educational purposes only and should not be construed as investment advice.
NASDAQ:TSLAShort
by ingeforberg
2
TESLA Can it break the 1D MA50 and sustain an uptrend?Tesla has been trading within a Bearish Megaphone pattern since the July 19 2023 High. The recent Low (March 14 2024) came very close to the 152.50 Support, which is the April 27 2023 Low. This shows just how strong the current bearish structure is. Medium-term traders/ investors can expect a sustainable uptrend only when the 1D MA50 (blue trend-line) breaks, which has been the Resistance all this time since January 09 2024 (almost 3 months). If it does break above it, we expect a +41.50% rise from the bottom (+5% more than the previous Bullish Leg), targeting $225.00. That is considered conservative based on the margins of the Bearish Megaphone as the previous two Lower Highs were priced on the 0.786 Fibonacci retracement level. The fact that the 1D MACD has already formed a Bullish Cross below the 0.00 level, favors statistically the upside case, as in the past 12 months such a signal failed to break above the 1D MA50 only once out of 4 times in total. Until it does break it though, the trend remains bearish short-term towards Support 1 (152.50). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot
NIO - What now after loss?NIO hit the first TP of our trade set up and then violently reversed. We had a SL at 6.99 that got triggered and we took a loss for the rest of the position. Although we took a loss, we can see how well our levels were respected, and why a SL at 6.99 was key. As soon as we fell below 6.99 we proceeded to fall another +10%, and now we sit at 6.34. There is no trade set up as of yet, nothing in terms of the technical analysis we preach is suggesting we might reverse. However, this is an idea: I KNOW IT'S NOT A FORMAL HARMONIC. But the fib extensions line up perfectly and 5.8-5.6$ is a massive area of support - as shown below: So our plan is to wait and see what we do, it is possible that we spring back above $7, if that happens we will reassess and potentially open a trade there. The more likely event is that we move around between 6-7 dollars for a bit before reaching our 5.8-5.6 pocket where we could react at the 1.618 extension and bounce to $7 which is already a 22% move and a potential entry. Stay tuned as another opportunity will arise, but it could take a while. BABA is an identical example where we fell below 78 (our stop loss) headed to 70, then back to 78 and now at 69. We stated that we would reconsider if we spring back above 78 (failed) or reach the 60 support (on the way). It's not been the best of markets so far but we will be ready for the next opportunity with an strong mindset.
NYSE:NIO
by SynergyTradingSetups
NIO BACK TO 10 BY 2025 !!NIO’s stock has potential for growth in the coming years due to several factors: Analyst Predictions: The 8 analysts with 12-month price forecasts for NIO Inc. stock have an average target of 11.31, predicting an increase of 95.67% from the current stock price1. Earnings and Revenue Growth: NIO is forecasted to grow earnings and revenue by 55.5% and 22.4% per annum respectively2. Competitive Positioning: NIO is a significant player in the electric vehicle market, which is expected to grow rapidly in the coming years. It has been able to position itself as a strong competitor, even causing disruptions for established players like Tesla
NYSE:NIOLong
by NYRUNSGLOBAL
TESLA can start a new rally to $300Last time we looked at Tesla (TSLA) was two weeks ago (February 15, see chart below) when we called for the bottom of the Channel Down pattern on a standard Inverse Head and Shoulders (IH&S) pattern: This time we switch to the longer term 1W time-frame where the stock is making a rounded bottom below the 1W MA200 (orange trend-line) on the 6-month Lower Lows trend-line. The last time we saw a rounded bottom like this was during the December 2022 global market bottom. In fact, the sequence from Tesla's ATH to that bottom is quite similar to the price action from the July 2023 High to now. A common dynamic on both patterns is the ATH Lower Highs trend-line, which has 4 rejections so far. Since however the stock made a +112.48% rise on the 2022 bottom and then on the next bullish leg a +94.91%, we expect it to initiate a new such rally of +75% (if each rally is weaker by 20%) and target the July 17 2023 Resistance. As a result we have a medium-term Target of $300. Notice also how symmetrical the 1W RSI sequences between the two are. Right now we are below the Support level which in 2022 priced the bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
7
NKLA Nikola Corp Nikola Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 February 22, 2024 at 09:01 am EST Share Nikola Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 35.84 million compared to USD 49.73 million a year ago. Net loss was USD 966.28 million compared to USD 784.24 million a year ago. Basic loss per share from continuing operations was USD 1.08 compared to USD 1.67 a year ago. Basic loss per share was USD 1.21 compared to USD 1.78 a year ago. Diluted loss per share was USD 1.21 compared to USD 1.78 a year ago.
NASDAQ:NKLALong
by Maximus20000
1
IS THE AUTO INDUSTRY ABOUT TO CRASH? FORD TRENDS Uh, okay, so I have zero clue what is going to happen and I didn't see this until now, but if I was trading per my style, I'd be loaded up on puts where I circled. I WOULD THEN ABOSLUTELY LOAD THE BOAT on the retouch. Potentially down to $8 and then probably calls for a short term bounce, which would have me realizing profits quickly in order to keep risk down. I would then be waiting for the next signal. It's getting so close to crash time per multiple indicators, potentially, according to short term trend alignment which is far from an exact science, however, it shows a small pump of pretty much up to maybe $11, but wow! There is a LOT of downside showing. Any thoughts on this? The crash projections say Late Feb/Early March But this market is moving faster every day, which is outpacing a lot of older traders that aren't able to adapt. I mean, there is no question it bounces back, but.. how long, and how much, and how fast? I think there is room to return to nearly $20. In other words, if it's March, and the price is at 3.83, and you are hearing doom and gloom on the news. BUY CALLS. I wouldn't cover shares, I think the pace will be quite fast on the return for a lot of these stocks. All in all, if you're still with me, the whole point I'm trying to make is this next crash is a trap, leading into a pump, which will cause "THE BIG ONE" Trends point to next year early, but the market is fast, and you need to reanalyze in real time, meaning, it could literally happen in the next few weeks. I don't know, you don't know. We can't predict the future of stock prices, but we can use the information we see to swing the statistics in our favor for a successful trade, even if that means being patient and waiting for the right entry.
NYSE:FShort
by nicktussing77
8
NIO, TEST DUMMIES NEEDED, BUY THE DIP OR LET CRASH?I like the Chinese stocks Nio is one of them There is some downside showing still as far as I can tell It is leading to an old support trend, however, I don't know if that is relevant anymore. I like the potential of buy the dip under $5.4 Subject to change quickly. but right now, bullish on the next decent dip. Drawn in line is what I'm currently seeing as an ideal scenario, do not follow line, instead follow trends and price targets. Line is often inaccurate, but helps me reanalyze my indicators. The lowest number I could see was around 2.8 or 2.9. unlikely, but you never know, completely possible. After 14.9, it can go higher, but a new chart will be needed, and will likely be needed before that point arrives.
NYSE:NIOLong
by nicktussing77
RIVIAN Low risk buy opportunity at least on the short-term.Rivian Automotive (RIVN) hit the $21.00 Target following our November 29 2023 (see chart below) buy call but even though it confidently broke above the Bearish Megaphone, the price corrected aggressively back even below the Higher Lows Zone: The price is at the moment coming off an oversold 1D RSI Double Bottom, naturally below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Even though the long-term pattern remains a Channel Up (blue), we have to consider the possibility of the (dashed) Channel Down breaking below it and establishing a new long-term trend. Until that happens, this is a short-term buy opportunity, with our Target being $23.00, right at the top of the Channel Down, on the (dotted) median of the Channel Up, representing a +62.17% rise from the Channel's bottom, similar to the December 26 2023 Lower High (peak). If then we get a 1W candle closing above the 1W MA100 (yellow trend-line), which will be the stock's first time to do so, we will buy the bullish break-out and pursue our long-term Target of $35.50, which will represent a +142.79% rise from the bottom, similar to the last Bullish Leg of the long-term Channel Up that peaked on July 27 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RIVNLong
by TradingShot
2
TSLA is 2nd most oversold everThere was a plethora of PUT SELLING on NASDAQ:TSLA yesterday and the sellers must not be happy today. OUCH Most of the contracts were at least 6 months plus so they have time unless #Tesla stock gets put to them. Weekly shows selling for last few weeks & the downtrend stopping all advances. (not shown here, pls see profile for more info) Daily, it's @ 2nd most oversold & the 1st was last year. It was not the norm until last year for Tesla to get this oversold.
NASDAQ:TSLA
by ROYAL_OAK_INC
The End of a Tesla Era! Tesla missed on earnings. Huge decline for this leading EV stock. Tesla was already getting oversold on the daily chart, & now with this decline its a salavating opportunity for day traders. I still think the true swing trade level is a bit lower from here. This weekly close will tell us more. We have included an analysis of the XLY sector (Consumer Discretionary). We discuss 3 signals that have only ever happened over a 25 year period. The weekly Golden Cross. Often this Weekly Golden cross is bullish long term but historically weak price follows in the short term.
AMEX:XLY
by Trading-Capital