Tesla has been on fire since bouncing at its 200-day simple moving average (SMA) four weeks ago. It’s had a series of upgrades, including Credit Suisse today. The surge is pretty amazing when you consider it’s happened despite a collapse of gasoline prices. This shows that the electric-car story is very much intact. But TSLA’s not the only show in town. Its...
Please click like and follow me if enjoy my posts! :) Due to the whole market meltdown, NIO has retraced back to Fib 0.786 lvl early this week. However, it has since then rebounded strongly and is currently fighting the resistance lvl. Barring the continuing worsened market condition, I believe NIO's distribution cycle is nearly over. The current bargain...
Lithium stocks $FMC and $ALB are a significant portion of my portfolio - I expect the demand for this metal to increase manifold in the next 2-3 years. Good point of entry at the bottom of upsloping channel.
TEN has surprised the traders once again with a break through the short downtrend, retracing back to support, bouncing and making 5% gains on the daily. However, with quarterly earnings on the horizon, I don't see these gains sticking around very long. We are still in a major bearish downtrend, with GM layoffs looming, tariff rates, and the forecast for a...
Ready to buy on the dip? NIO suffers from the same issues that Tesla has... Production capacity and profitability... But it benefits from the same hype- EV is an emerging and environment-friendly trend. Furthermore, China is the biggest EV market and only 2% of the market is tapped. Tesla may have the first mover advantage, but NIO enjoys the recognition...
I'm highly interested in energy right now, but in the long term I'm just really worried about the oil and gas industry. Thanks to Swanson's Law, the price of solar panels continues to fall. Battery technology is also rapidly getting better, and we seem to be witnessing the mainstreaming of electric cars. According to FactSet, the "Independent Power and Renewable...
Tesla's been riding one of the most powerful short squeezes in recent history, more than doubling in short order. Its last earnings report in October was the spark because the electric-car maker finally overcame big manufacturing problems. While its popular vehicles were never an issue, logistics and manufacturing were an Achilles heel. Now that they're fixed,...
People love a good comeback success story. "Every one bet against it but it proved them wrong" "Little guy really showed the big bullies". Reality has a word to say, these stories are rare and 99% of the time there is no magical epic prove the mean bullies wrong comeback. People just always want more "epic comebacks", more "faster sprinter" (that take more...
Above t-line - bounced off 200ma weekly at 3p One of my biggest holdings - trade pot & core pot. Finance deal on any of their assets will see this rocket. Happy to hold in 2020. Nickel after retrace now on a upswing buy triggers nailed last 2 times on chart. third time?
NIO is still above 20 Day MA & upwards trendline
Nio is playing out a bump & run pattern on the macro charts with a price target of about $4. On the micro charts, Nio has just broken down out of an ascending channel and has found support around the .5 fib level just as it did in the previous small correction in the current trend it’s in. This area also contains support from the bottom trend line and the bump and...
Either trendline break (blue or red) will send us upwards or downwards. We're looking at either going around 1.7$ or to 3.7$
- strong social & hype fundamentals - China trade risks already priced in - Counter trade to Tesla failure/ meltdown - institutional and media sentiment turning around - direct access to massive organic growth China EV market - intriguing stock to float, short % and borrowing rates
2$ going to 4$ Easily earn 100% on your investment in a matter of weeks.
NIO's 2.168 fib will be triggered on 29th of NOV The bull rally will begin and we can see the resistance levels ahead. Expect to 2x , 3x and 4x your money within the coming months. Most of this growth should happen between December and January.