When I compare the EV maker stocks, I noticed 2 companies have different behavior in comparison to others and interestingly the have positive correlation to each other while having negative correlation with other EV makers!
These two companies are Fisker (FSR) and Canoo (GOEV). While most EV makers experienced more than 30% price correction in the last 3 weeks, FSR (28.50) is almost 90% above the last 3 weeks close(15.40)! The important point is everything happens 2-4 weeks sooner in FSR in comparison to Canoo (GOEV). 2-4 wks delayed time cycle! We should wait and see if such a move is going to happen in GOEV as well, or it is going to follow the EV makers group!
Is this to say that canoo will see a 90% correction from current prices?
Moshkelgosha
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@Modest_Bull, TNX, the exact opposite! It may follow FSR
fasgf95d9j
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@Moshkelgosha, Really good catch! I bought just 4 shares of Fisker on Thursday for $23.30, buying first thing in the morning, hoping it would keep going on (had a slight case of FOMO and just wanted to risk getting in early rather than later when I could have a chance to see what the movements may be that dat) and was so happy to see it quickly jumped to a high of $29.02!
After hours it closed down a bit... I hope that trend doesn't continue and I REALLY hope we don't get some bad news from Foxconn... the previous bad news for Foxconn hurt Apple in the short run (but more importantly I care about the well being of those workers!!)
Looking back at your predictions, you're usually right on the money so I'm DEFINITELY keeping an eye on GOEV. I wasn't even aware of it, focusing mostly on ION and Tesla. So thank you for the heads up!
otaborda
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Looks like GOEV is back to business ! those market sell-offs from 2 weeks ago scared the crowd !
MehranS007
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What about PlugPower? Any idea? Thanks
phaminfinity
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I don't doubt your work. I see what you mean.
Thomas0000
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Can you give a opinion about US100?
glapo
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Nio has an open gap at the 22 level. Any chance you believe that nio could go that far down to fill?