SLI - Standard LithiumEntered trade as SLI came through the previous week's high after a two month pullback to the 100-day line and experiencing volatility contraction over the last couple of weeks of trading. My stop loss is under Thursday's low.
If the Electric Vehicle trade stays hot, the lithium stocks, such as SLI, should continue to rise with the E.V. stocks.
RIVN
Tesla,Lucid, or Rivian..?Tesla is the biggest EV maker,
Lucid is a Luxury EV maker,
And
Rivian makes EV trucks that loses 62% of its range if it tows..! And it did not deliver anything so far..!
They just manufactured 154 pickups so far!
I believe shorting RIVN could be the most profitable in the next few months..!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Is the Sell-off Done in Independent EV Charging Stocks?After an eventful 2021, with EV manufacturer speculation at record highs despite recent deflation, the three most visible independent EV charging station stocks (CHPT, BLNK, VLTA) have had a mostly volatile year with a downward bias after the beginning of the year. Although valuations can still be considered rich given the YTD performance of these three companies and ongoing multiple contraction, the long term growth potential and regulatory tailwinds indicate growth from here is all but guaranteed, especially since the EV manufacturer market is expanding and the expectation of a single manufacturer covering the convenience charging needs of all of America and the world may seem farfetched. Range anxiety of the consumer will presumably mandate EV charging neutrality.
The current market share leader of the three, CPHT, seems to be adequately executing a blank check philosophy in pursuit of growth given recent quarterly losses and with the highest sales, some of that growth is undoubtedly priced in given the current market cap. Given the energy revolution taking off and the massive total addressable market, is it possible there will be room for all involved to grow?
Of the three mentioned in this post being all near critical support levels, which would you count on to capture most of the growth of this upcoming sector in 2022? Or has the bottom yet to come?
Story of Bubbles!
George Soros:
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
I started my article with George Soros's quote and will continue with his great wisdom about bubbles!
I think he was the one who benefitted from stock market bubbles the most! and this happened because of his approach to identifying and trading these bubbles!
George Soros:
“When I see a bubble forming, I rush in to buy, adding fuel to the fire,”
Most people rushed into buying RIVN or LCID because they think this could be the next Tesla, and they did not want to miss this opportunity!
This story is very similar to Workhorse's story in the past 3 years!
I published 14 articles about workhorse between September 8th, 2020, and May 6th, 2021.
7 Bullish articles when the price was between 19.78-28.5, and target price of 40-42!
WKHS reached 42.96 and closed at 41.32 on Feb 4th, 2021, priced made a top formation, and on Feb 11, 2021, I published a Short analysis when the price was 37.21.
My first target price for WKHS short was 20-21 and then modified it to 10-11 and after that 5-4 in my last analysis!
WHKS reached 4.92 and closed at 5.01 after 6 months!
I wrote about this practical example because I want to mention:
1- The Bubble story repeats based on the same or different misconception that seems real!
2- The price Pattern moves Exponentially in both directions, either the inflation phase or the deflation phase!
3-Less experienced investors think prices will always be back at the previous highs or lows, which is not the case in many cases!
4- If you can not distinguish the different phases of a bubble, you will lose a big percentage of your trading capital!
5- Average Volume Price is the best tool to monitor speculative bubbles.
6- I strongly recommend reading about Reflexivity
What Is Reflexivity?
Reflexivity in economics is the theory that a feedback loop exists in which investors' perceptions affect economic fundamentals, which in turn changes investor perception.
Conclusion:
Please review Lucid and Rivian plans for the future!
The Lucid goal is to manufacture 400K cars each year! BUT Casa Grande, AZ, is operational with a production capacity to deliver up to 34,000 vehicles per year.
Rivian: The company says its factory in Illinois has the capacity to produce up to 150,000 vehicles per year. About 65,000 of those should be R1T pickup trucks and SUVs, and about 85,000 should be the company's RCV commercial delivery vans, Rivian said in financial filings.
Delivery so far 154 ..!
If you are looking at these numbers, you easily understand that they even don't have any plan to be the next Tesla..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference articles:
www.investopedia.com
$RIVN Elliott wave I don’t trade based off news events, like earnings, but I was doing the chart and when I finished I didn’t realize earnings come out today. I’m still going to enter my trade, just smaller. I went back and forth on different count set ups… I finally just picked this one as I think it is most consistent with EW rules theory.
Green = overall primary structure I’m looking at as the fib points align with the EW impulse counts upwards. 5 blue waves give us a Green wave “i” up and a retrace wave “ii” down to the .618 fib, which falls into a demand zone.
*Orange = this came from part of a different count, but keeping it in here. I think it supports completion of Green “ii” down as it supports an ending abcde pattern.
I think we are starting Green wave “iii” upwards. Wave 3’s are most powerful. Only “news” I’ll throw into this is it could be a supporting catalyst that with a good earnings outlook, it could really boost the wave 3.
Targets upside are $130; $140; and $150
CRSP - WEDGE ON SUPPORT - PIVOT CANDLE CONFORMATION **ON ALERT**All,
Pretty easy to see why you would be bullish here. Few things need to happen.
1) full candle break watch for a gap etc
2) needs to break horizontal SR at 81.50s (full candle above)
3) market needs to hold this in here if it were to somehow lose these yellow levels would be big downside imo.
Add alerts and keep this on a short timeline maybe literally one more day.
4th biggest Automaker has just deliverd 154 pickups so far!Rivian Automotive reached a 132 Billion dollar market cap which placed it as the 4th biggest automaker in the world after Tesla, Toyota, and Volkswagen.
However, in premarket, it has passed Volkswagen and it seems today it will be named as 3rd biggest automaker in the world.
It will be as big as General Motors and Ford combined!
The question is how long it will hold this market cap???
I remember last February I talked about the EV sector Bubble!
This bubble will last for a while and then will blast!
So far with 10 billion dar Price volume/day it has enough power to go further, but it will not last very long! and I think we are 1-3 days away from top formation!
In the 1930s, economist John Maynard Keynes said: “Markets can stay irrational longer than you can stay solvent."
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA or an accountant or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
SPY - RIGHT ANGLED BROADENING WEDGE- WILD THEORY - BIG BULL RUN?All,
Yes, given the nature of the world this is a stretch, however throw away news and say its priced in. Follow me, right angled or any broadening descending wedge usually bullish aka oversold yadda yadda. One of the most powerful patterns out there by a long shot. Anyways of course they have large dips similar to what we see now.
Why this pattern? Notice pattern current (wedge bullish angled) -> next pattern (wedge/falling wedge) extremely bullish patten (only if both wedges hold/break then are powerful). So when you combine these + trend that is what makes a bullish descn wedge possible. because it goes half way up drops down but holds onto a strong trend and takes it the rest of the way.
Just follow this and lets see what happens I think most big stocks are way way over sold 30-60% retraced. I think this makes a ton of sense to make a bull run here and then I think most likely fail and break trend.
Once again just noticing the patterns/theory. 1000000% be careful but worth watching.
RIVN BULLISHRIVN is a stock that most people now go Bearish on and smart money see this as an opportunity to drive the price up to bring it down I think. If the price goes over 124 I don't think we will see any Bearish moves. I see liquidity from people shorting RIVN and that needs to be filled and take people out of the game before going down.
RIVN is very volatile and you should not spend any money on this stock if you don't know what you are doing.
$RIVN will be $151 by Christmas$1.2T infrastructure bill passing
Their R1S and R1T EV pickup truck deliveries to start Jan 2022
Cybertruck keeps getting delayed and the F150 ligtning is looking more like June 2022.
EV pickup trucks are the next natural evolutionary step in transition to low carbon autonomous driving vehicles…. then comes the Tesla Semi to take over the world.
PYPL- SPEED FAN BOUNCE - TRADE OF THE YEAR- BE PATIENTAll,
This is almost too perfect. Weekly everything lining up. WATCH THE SPEED FAN BOUNCE AT BOTTOM.
This Speed fan bounce and trend line bounce is going to be EPIC. This is a $200-$210 PT. Then bounce down on speed fan down to 190s 180s again then it should break 220+. How you want to play that is up to you I am aiming for 200-210 the second it gets 185-180. Risk I am willing to take. I see this as easily 200%+ considering IV is in the shi**er. Probably long term 400-600% assuming market doesnt tank or something news related.
Fib trend bounce here
Fib retracement here
Stoch RSI literally dead at 0
reg RSI sub 20 WEEKLY holy hell
long term trend line underneath $180
$RIVN Rivian Motors TA Upcoming Week$RIVN Rivian Motors Technicals for upcoming week.
NOTES:
- Rivian Motors has had ATH @ $180/s last week with a break correction currently at $128
- WATCH RVIN line at $120:
-- IF The lines breaks the stock can have a down-trend towards $95/s range
-- IF There is a bounce, stock will continue up-trend towards $180/s range
--Crucial that you watch that line within the next few days
FUNDEMENTALS:
- We typically only do technical here, but important to know that as of writing this the stock futures are -200pnts currently.
RIVN BearishI choose to go short for two reasons, first reason is the IPO always hype and ends falling to its correct levels.
Reason 2 is smart money is involved and they see this as an oppertunitie to make smart money simple as that.
this is a very risky trade and I dont have any education at all. Lets go!
Polestar is better then Rivian!Compare the market cap of Rivian at $125B vs Polestar at $15B. Now google search Rivian and Polestar. Rivian EVs look worse then their IPO evaluation! Granted they do have Polestar beat with their T-shirt revenue. Jokes aside, I think Polestar is in for some more hype before this run is over. The chart shows GGPI filling out nicely at these levels and looks like its will extend gains Friday or into next week. Looks like an easy 25% gain to me.
Game Over..!Yesterday I published my analysis and mentioned we are 1-3 days away from the bubble blast!
and we see the price is -22% today!
I think it would be unrealistic to think about prices higher than 180, but moving toward 100 and below could be the more possible scenario!
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
$RIVN Rivian Motors Technical Analysis $RIVN Rivian Motors
Technical Analysis
Although $RIVN has had an IPO in the past few weeks without much data to do a technical analysis, but we are already seeing patterns.
TAKE AWAY:
- Rivian Motors has broken the ATH Resistance line and it now became the support line as shown on the chart.
- The Analysis shows us the stock has massive potential of Up Trend.
- No other Technical Red Flags shown.
- In unlikely scenario the stock will bounce off the NEW support line if there is a correction.
KEEP AN EYE on a small correction to make your market move. But remember it is unlikely the stock will move lower the new support line.
ANY comments appreciated.
Rivian 5th biggest Automaker with 125 billion dollars Market CapIt may sound crazy but Rivian is 5th largest automaker in the world ..!
Above Daimler, General Motors, and Ford..!
I may know nothing about cars and Ev makers, But I know what a bubble looks like!
Rivian:125 Billion
The Illinois plant currently has an annual capacity of 150,000 vehicles and Rivian has said it intends to increase that to 200,000 by 2023 as it adds new vehicles.
Daimler: 107 Billion
is one of the world's largest conglomerate automotive groups. Mercedes-Benz Cars and Daimler Trucks units are among the world's largest Premium Car & Heavy Truck biz, respectively. Vans, Buses and Financial / Mobility Services complete the portfolio. Daimler has reorganized into three independent legal entities sitting under Daimler AG: 1) Mercedes-Benz AG (Premium Cars & Vans), 2) Daimler Truck AG (Trucks & Buses) and 3) Daimler Mobility AG (Financial Services & Mobility Services).
Mercedes-Benz Cars, Daimler's passenger car manufacturing subdivision, sold between 2.4 and 2.5 million vehicles in 2020. Daimler also produces buses and trucks.
General Motors: 91 Billion
GM is one of the world's largest automakers, with an annual volume of almost 9mm units. The company reports its operations in four segments, North America, International, GM Financial, and GM Cruise. It has made significant strides in restructuring its business since the last trough in 2009, positioning it well to deal with cycle swings and the evolving industry landscape.
Ford: 76 Billion
Ford Motor is one of the world's largest vehicle manufacturers, with over 6mm units manufactured/sold globally. In our view, the company has made significant progress executing its One Ford plan and delivering best-in-class vehicles. The company also remains committed to positioning itself well within the evolving auto industry through balanced investments across electrification, autonomy, and mobility services.
Some Thoughts About The Craziest IPO I've Seen (Rivian)Rivian is worth over $100 billion at the time of this writing. That's a lot of money.
BTW, they don't generate any revenue. Actually in their press releases they write that on any given quarter, they expect to generate $0 – $1 million in revenue. But never over $1 million. No more than $1 million.
From my research and understanding they are the first pre-revenue company to be worth $100 billion.
I get it - EVs are hot. And they are backed by Amazon and some Saudi money. Maybe they have an awesome roadmap. But my goodness, at $100B they basically need to be flawless in execution. It took Tesla some 10+ years to get to where it is and A LOT of controversy.
I have no position and don't plan on having one. It makes no sense to me. So best to stay away. Writing this down just for fun and to see what others think.
The chart I attached above is a 30-minute chart of Rivian since its IPO, which happened this week. Thanks for reading!