RIVIAN is short-term bullish but don't get overexcited.Rivian Automotive (RIVN) is (for the time being) on a green 1D candle, the first after 5 straight bearish days. Its 1D RSI has rebounded from its massively oversold levels, the same levels that previously caused price increases of roughly +42% and +69% (Jan 27 and March 14). The rebound on the first sequence hit the 0.5 Fibonacci retracement level while the second hit the 0.618 Fib.
Right now those levels are at $38.22 and $42.63. However those aren't just above the Falling Wedge pattern that h
Automotives
BREMBO MID/LONG TERM OPPORTUNITY Brembo is an leader Italian manufacturer of automotive brake systems, especially for high-performance cars and motorcycles. Its head office is in Curno, Bergamo, Italy. The company has excellent fundamentals and recently opened the first dedicated digitization branch in Silicon Valley.
BULLISH HEAD AND SHOULDERS
Excellent possibility of upward entry in the medium / long term for this underlying. The price structure facilitates any hedging strategies by the investor. The risk-return (RR) of the
Tesla: Second expansion phase. Upside potential $1,200 - $1,270.We are looking more deeply into Tesla's technical potential after its very aggressive (and continuous) rise since October. We were among the first to enter this rise early at 205.50 posting that trade back in May 2019:
Needless to say we didn't expect it to rise that strongly on such a short period of time. This is a parabolic move on the 1W chart which turned even this very long term time frame overbought (RSI = 89.001, ADX = 75.689, MACD = 75.910).
In our attempt to find pointers and a c
Tesla: Attention, entering a Sell Zone.We've been bullish on TSLA since May 21st and the 180 bottom right when most were calling on a death spiral. As you see on the chart below both 360 and 380 Targets have been hit, making us over +100% return on the stock in a few months:
Right now however we are getting some medium term sell signals on the 1W chart that makes us call for caution. First of all the 1W RSI has been on Lower Highs since 2013, thus on a bearish divergence to the actual price action.
On a second note, the actual





