This is just my Idea about very potential company for next 5-10 years. (If electromobility can win th battle against hydrogen, than this is one of TESLA competitors.) Consider your RRR Strategy + Fundaments (Entire market could get into Bear market as well).
Buy zone right now is around 10-7 USD ... Sell zones are marked for partial take profit.
Always look for RSI and MACD Convergencies / DIvergencie - in this ase at least 1D/1W timeframe.
Good luck and enjoy the game ;)
Trade active
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LONG position entered, also Stop-loss set. Lets see ... :)
Trade active
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Not all trades will be successfull, but this one ooks good ;)
- IF there is going to be a Fundamental change (change of enviromental politics for entire part for the renevables / transportation market) than yes ... most of the ElectricCar makers will be affetcted.
- Another option is there will be correction for TESLA stock based on some problem with their products, then yes it will be interpreted as correction in sight of Technical Analysis. In current chart it can be alredy seen as coming event. ...
@SlavicChartist, Good chart thanks, and if TSLA hits C where do you see PTRA (or any EV actually)?
SlavicChartist
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@dRends35, Well, can you mention some specific companies U are interested in ?
for example:
- NIO is somwehere in between of trading range (probably will go lower).
- HYLN is alredy low, forming something like bottom. (but could go bit lower).
- FLUX is falling and still far from forming bottom (IDK what are current Fundaments).
- PLUG also somewhere in between of range, not good RRR Setup to enter. (also fundaments are questionable).
Entire market is in consolidation phase. Best will be to watch for RSI and MACD convergencies at 1D-1W Timeframe to enter. For long term hodl also Fundaments.