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...
NYSE:NIO It seems like the downtrend trendline has saved the stock... for now... I haven't sold my position purchased at around $5.80
Last time we looked at Tesla (TSLA) was two weeks ago (February 15, see chart below) when we called for the bottom of the Channel Down pattern on a standard Inverse Head and Shoulders (IH&S) pattern: This time we switch to the longer term 1W time-frame where the stock is making a rounded bottom below the 1W MA200 (orange trend-line) on the 6-month Lower Lows...
I think we have a nice double bottom with 30-50% possible down side and huge upside. It's a gamble, but I am stock gambler. I took a very small position. I like the chart and suspect this could under accumulation. Lots of analysts have much higher targets than here. Nikola sold off the Badger line to a close friend. Will this allow them more time to focus on...
Squeeze intraday following the announcement of new secured financing
Nikola Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 February 22, 2024 at 09:01 am EST Share Nikola Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was USD 35.84 million compared to USD 49.73 million a year ago. Net loss was USD 966.28 million...