The stock of Xiaomi posts its first losing week in more than a month, despite its mostly strong quarterly results on Thursday and the upgraded guidance on EV deliveries. The drop likely reflects the broader decline of the Hang Seng Index due to geopolitical concerns. It also makes sense from a technical standpoint, since it had reached highly overbought...
Last month (April 18, see chart below), we called for a short-term buy on Rivian Automotive (RIVN) but expected one more pull-back before the absolute bottom: Since however the price broke above the 1D MA50 (blue trend-line) and closed a 1D candle above it too, we have to revise it and we consider April's low to be the bottom (Lower Lows trend-line) of the...
Hello Traders and Investors, today I will take a look at Tesla. -------- Explanation of my video analysis: Back in 2020 we had a decent break and retest on Tesla stock which was followed by a pump of +1.500% towards the upside. Then Tesla topped out in 2021 and we saw sideways movement ever since. At the moment Tesla stock is trading in a bullish flag...
Tesla is the 7th worst performer YTD in the Nasdaq-100. It is the 11th worst performer in the S&P 500. The stock stands 28% lower. Still, after reaching its lowest level on 22/April, the stock has rallied a remarkable 30%. On 24/April, the stock rallied 12% after the positive earnings call. On 29/April, the stock jumped another 15% after the announcement of the...
News quickly broke out that Tesla (TSLA) has received tentative approval from Beijing to launch its driver assistance software in China. This development occurred during a surprise visit by CEO Elon Musk to Tesla's largest market outside the US. Chinese authorities have agreed to allow Tesla to introduce its Full Self Driving (FSD) solution, leveraging mapping and...
Here are some potential BUY opportunities for NIO from a technical view. Lets see how this develops.
Trend - Downtrend confirmed. - Components of the channel chart: The original downtrend channel plus a 100% extended channel. Both channels divided in half by blue dotted lines. The shaded zones furthest from the center represent "overbought/oversold forces," which counterbalance each other. - Currently, the price is descending into the extended...
Tesla announced aggressive price cuts globally on their main model lines as well as its FSD and is reported that a 20% headcount reduction is pushed. Further decline on today's opening has pushed the 1W technical outlook to the brink of oversold territory (RSI = 32.105, MACD = -19.430, ADX = 47.504) and bottom of Channel Down that started last July. So can these...
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...
Investment into new battery plant venture upped to 3.8 billion. bullish on Panasonic
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...
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,...
In the ever-evolving landscape of the financial markets, the intersection between Electric Vehicles (EVs) and copper presents a compelling narrative. As interest in EVs surges, propelled by advancements in technology and a global shift towards sustainability, the demand for key components such as copper intensifies. Recent market dynamics have seen a lack of...
I bought earlier because I couldn't manage my emotions hahaha. Since it was at 210 or 215, I had placed my orders at $165, but I couldn't resist FOMO during the drop lol. Earnings are forecast to grow 10.62% per year Earnings grew by 19.2% over the past year
Trading at 87.5% below our estimate of its fair value Revenue is forecast to grow 35.64% per year Trading at good value compared to peers and industry Risk: Negative shareholders equity Has less than 1 year of cash runway Currently unprofitable and not forecast to become profitable over the next 3 years Volatile share price over the past 3 months Polestar has...
Technically we see an M Formation on Tesla. The price broke below the neckline and the price is both below the 20MA and the 200MA. The nature of this analysis is HIGH probability. We, can set the first target to $100 and then next to $80. And if it breaks further we are talking $60.... But let's see. There is fire in the EV space. With crashes, glitches,...
Full year 2023 earnings: Revenues in line with analyst expectations Full year 2023 results: Revenue: €40.5b (up 7.7% from FY 2022). Net income: €5.16b (up 4.2% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a...
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...