If you haven`t bought the dip:
Then you must know that
General Motors GM delivered 642,250 vehicles in the first quarter of 2021, up around 4% year over year. While retail deliveries surged 19%, fleet sales dipped 35% year over year. The company recorded double-digit...
If you haven`t bought it when it was cheap:
Then you should know that the upcoming earnings in 4 days can reveal the same chip shortages like Ford had which led to a 10% drop.
I expect the 51.25 support to be strong enough for the car producer with a decent 13.09...
Bullish flows all week pushed GM past ATH today with strong volume. For short term targets I have set the previous wave 4 as my fib lvl 0 and nearest previous high as 100. I'll be using the 1.618 as my first target. My second target is the 1.618 from the trend it broke out from. Any pullback from 60 should be bought until EMAs show otherwise.
Sunday, 31 January 2021
19:27 PM (WIB)
President Joe Biden has ordered the federal government to buy electric vehicles made in America with union labor. To be sure, Biden’s executive order, issued Wednesday, is designed to spur investment in the nascent plug-in car market and didn’t come with a deadline. So there’s time for automakers to adjust. Two of them --...
Ford recently touched $12.15 which it hasn't seen since June 2018. I'm looking for a pull back in between $10.74 and $9.86. The gap up was closed at $10.88 and if F can break 12.15 from below we may see $15 by the end of the year.
General Motors ( GM ). High detail count back starting from March. There's a ton of confluence at the 3.618 extension on major and minor wave structures. The supply zone (red line) is a weekly resistance, so a break past that GM can push to ATH quickly
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Is GM Driving In The EV Fast Lane Now?
Go To the Invest2Success Blog for the Details
$GM #GeneralMotors $NKLA #Nikola $TSLA #Tesla $NIO #Nio $XPEV #Xpeng $LI #LiAuto $WKHS #Workhorse $KNDI #Kandi $FSR #Fisker #electriccars #electricvehicles...
Until 3rd December there probably will be done the deal with the GM.
Everyone is afraid now, because of law companies attacking the Nikola for misleading informations about the company.
But everything looks like it still wants to go up after this massive bullish flag.
Looks like MACD + RSI + MFI is trying to bounce off the support line.
We will see!
Asking ourselves "what value could NKLA bring to the ER" the answer is probably nothing substantial. The expextaions are low, so if they have made any improvements over the last few months perhaps we could see a break past resistance, BUT i doubt that. We are up against a major resistance and the only thing I believe that could save it is a the announcement of...