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PSNY - I like the stockGood Morning Traders, Today I am sharing NASDAQ:PSNY an EV play from VW I like and am back in prior to sharing. 📈 Price Action and Confluence on PSNY Based on recent price action and confluence signals, my system is indicating a re-entry on Polestar Automotive Holding UK PLC (PSNY). I like the stock, and I think it can give good short term and long term gains. 🚗 About Polestar Polestar, the Swedish premium electric performance car brand, has been making waves in the EV industry. With their recent expansion into the North American market and access to Tesla's Supercharger network, Polestar is positioning itself as a strong contender in the electric vehicle space. Their commitment to innovation and sustainability is truly commendable. 🌍 Industry Trends The electric vehicle industry is booming, with increasing demand for sustainable transportation solutions. Polestar's strategic partnerships and continuous advancements in EV technology make it an exciting stock to watch1. Share thoughts in the comments! ❤️
NASDAQ:PSNYLong
by EliteIndicatorSys
2
NIO - Wave 5 In Wave 1 Or ANIO stock has completed the first 5 waves of the current corrective wave and is currently trading in wave 5 of wave 1, confirming the strength of the medium-term trend. However, we believe it is approaching a corrective wave in the short term, so caution is advised regarding the levels mentioned in the report for traders. As for long- and medium-term investors, there is still an opportunity to continue the upward waves after completing the internal structure of the expected corrective wave following the completion of the first wave.
NYSE:NIO
by Fares-egy
PSNY - Adjusting the short-term vision onlyThe stock closed last week with a clear reversal candle, showing weakness in the technical indicators after achieving 95% of the target for the current first wave. We expect the stock to aim for a deep correction in wave 2 or a , and if it holds above the 61% Fibonacci level around the 1.10 - 1.00 area, it will continue its bullish wave in the medium term. In the short term, there is a shift towards a bearish outlook, while positivity remains on the medium-term horizon, Hence, we see the current rebound as an opportunity to close speculative positions, while maintaining investment positions unchanged.
NASDAQ:PSNY
by Fares-egy
1
Polestar | Bullish Engulfing Pattern Signals Potential ReversalThe provided candlestick chart shows a promising bullish engulfing pattern in the last two candlesticks. This pattern is a strong indicator of a potential reversal from the recent downtrend, signaling that buyers are stepping back into the market with vigor. Given that the stock was recently trading at its lowest point of $1.6 and has now rebounded to $2.05, this bullish engulfing pattern could be an early sign of sustained upward momentum. Option 1: The stock may follow the steps outlined on the chart (1,2,3,4,5), indicating a gradual and steady rise after overcoming the initial resistance. Option 2: There’s a possibility that the stock might skip step 2 and break through the resistance immediately due to strong buying pressure. Option 3: If support is broken, we could witness a continuation of the downtrend. Investors should keep an eye on key support levels to mitigate risks. Please note that this is not a financial advice and it’s important to do your own research before making any investment decisions. News: NASDAQ:PSNY continues its close collaboration with NASDAQ:GOOGL at CES 2024 in Las Vegas. The latest innovations for cars equipped with NASDAQ:GOOGL integration are about to be implemented on NASDAQ:PSNY models, introducing new features also available on Polestar 2. These innovations are currently on display at Google’s Android booth at CES, with particular reference to Polestar 3. techgameworld.com
NASDAQ:PSNYLong
by ericsocrat
2
PSNY Polestar EV Sector Penny Stock LONGPSNY ( www.nasdaq.com production-race) as a niche EV manufacturer has a production schedule which rivals LCID, RIVN FSR and others. On the 15 minute chart shows the trend down of price and then a reversal deep in the undervalued and oversold area of the lower VWAP bands. The MACD shows lines crossed and then ascending crossing over the zero line and positive histogram. The dual time frame has consistent information with rising RS shown in both time frames. Price has crossed over the POC line of the volume profile suggesting buyers have predominated. I will take a long trade here targeting first VWAP at 4.55 and then 4.75 the level of the double top of July 18/19 with a stop loss below the POC line at 4.32 the stop loss of a dime compares with the profit potential as analyzed.
NASDAQ:PSNYLong
by AwesomeAvani
2
GOEV a niche EV manufacturer LONGGOEV does not compete with TSLA. It makes special use electric vehicles including a NASA contract apparently for vehicles to be used upon the return to moon exploration. As a penny stock, GEOV has weak fundamentals coupled with high trader and investor interest. Large capital institutions have a predominant portion of the shares. On the 15 minute chart. GOEV trended up from July 14th to Ju;y 19th and then down to about the same price as before then trend. This was a range of 50% demonstrating the typical high volatility of penny stocks. Based on a set of anchored VWAP bands originating in mid- April, GOEV is currently near the mean long multi-session VWAP. Since many shares are held by institutions this is a price level where trading volume and volatility are expected. I will take a long trade here. The stop loss is the recent swing low at $0.59 with a target at $0.737 just below the POC line of the related volume profile from an entry-by-limit order at $0.613 making for a projected profit of 20% with a much lower risk. For chartists who follow chart patterns, in the interval under analysis, GOEV fell from a head and shoulders pattern. My target is the neckline of that pattern. GOEV benefits from the general interest and trading volumes in the EV sector at large as well as its niche with little competition.
GLong
by AwesomeAvani
2
GOEV pulled back and is re-entry ready LONGGOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled back for two day before a huge momentous move up on Friday July 7th. where it moved from the support of the mean VWAPs anchored in mid June into overbought territory two standard deviations above that level. On Monday July 10, price dropped precipitiously back to those mean anchored VWAPs. The past day was marked by sideways consolidation. The volume profile shows the heaviest trading volume at just below the VWAPs which is cross-validating. The Chris Moody MTF RSI indicator shows the lower TF RSI in the past day has crossed above 50 and now at 60 meeting the higher TF RSI. The zero-lag MACD has the lines crossing over the zero horizontal line and parallel suggesting a bullish continuation. Overall, I see a long trade setup with possible significant price movement anticipated perhaps in the range of 20% targeting the pivot high last Friday.
GLong
by AwesomeAvani
PSNY a niche EV manufacturer penny stock LONGPSNY has seen a price rise of 30 % in the past month. This specialty EV manufacturer does not compete with TSLA but only perhaps ARVL also based in the UK. The 2H chart is quite healthy. Price broke out above the mean VWAP anchored to the beginning of the year on July 3rd and is now approaching one standard deviation above that. The MTF RSI shows both the one hour and daily RSIs crossed over 50 the same day. On the MACD indicator the K and D lines crossed confluent with the horizontal zero line. Signs of bullish momentum found, I will take a long trade targeting 25% of upside at $6.00 which is the double top on January 31/ Feb 1 as well as three standard deviations above the mean aVWAP.
NASDAQ:PSNYLong
by AwesomeAvani
7
PSNY Polestar EV Startup Can it Rise from Bottom?PSNY ( Polestar) has dropped to its lows after an earnings report which shown it still has no cash flow but at least the losses are less than projected by the analysts. On the chart zoomed out, price is in megaphone pattern which demonstrates increasing volatility. Price is at the bottom support trendline and one standard deviation below the anchored VWAP. This suggests 15% upside in the immediate short term. Price action is starting to resemble that of Fisker (FSR) . I see this as a risky swing long trade as price tries to rise to the VWAP and POC line of the volume profile. ( PSNY is in better shape than NKLA and RIDE but not by a whole lot ) I would be very reluctant to make an investment in Polestar but happy to play the volatility for profit.
NASDAQ:PSNYLong
by AwesomeAvani
2
PSNY: DIVERGENCE / CALLS FOR MAY / US TOUR CATALYST / EV GROWTH DESCRIPTION: The following chart is an micro analysis based of technicals & current PSNY US TOUR that can soon prove to be a bullish catalyst for the next big bounce. POINTS: 1. Deviation between Supply & Demand Pockets remains at 1.50. 2. $3.25 is CRUCIAL SUPPORT THAT MUST HOLD. 3. Break past $4.00 threshold by April 19th is necessary for bullish case to take place. INDICATORS: In regard to indicators RSI is showing strong divergence on the 4HR Timeframe which has been indicative of a sudden bullish reaction in the past when price action has ben in a consolidating phase. An important level to watch when it comes to MACD would be -0.5 currently MACD is close to crossing over but needs to stay above to further validate play. SCENARIO #1: In a BULLISH scenario we come to see price action break past the $4.00 threshold by at least April 19th. SCENARIO #2: In a BEARISH scenario we lose CRUCIAL SUPPORT of $3.25 & see a continuation of bearish price action too $2.50. FULL CHART LINK: www.tradingview.com NASDAQ:PSNY NASDAQ:PSNYW
NASDAQ:PSNYLong
by DGSTBROKERACC
NIO: CHART UPDATE / RSI CYCLES / MACDIVERGENCE / FULL BREAKDOWNDESCRIPTION: In the chart above I have provided a Semi-Macro analysis of NIO. As previous chart setup became invalidated with the decline of Price Action a strong support was confirmed at 8.50 Points, the same Support that gave way to further uptrend when touched on Oct 25th 2022. Despite invalidation of past Chart Setup CYCLE ESTIMATION was fairly accurate. POINTS: 1. Deviation of 2.50 Points between Supply & Demand Channels remains the same. 2. Current Trend: Sideways Consolidation 3. Price Prediction: 13 Points by March 31st & will serve as another attempt to breaking upper level of 14.50 Points. 4. TIMEFRAME for 5th CYCLE PREDICTION was drawn out by utilizing the mean average of the past 4, RSI agrees with these cycles of Buying & Selling Pressure. IMPORTANT: RSI needs pullback & is EXTREMELY IMPORTANT Price Action holds above 9.50 Points or at the very least lingers above 9 Points in SUPPLY POCKET. RSI: RSI has completed another cycle by reaching OVERSOLD TERRITORY in the 30 RANGE & is Breaking Trend. MACD: Faster moving average on MACD has confirmed current uptrend on Price Action. Next step would be to see MACD flip & surpass Median level to the upside. (Most crucial indicator in this scenario) SCENARIO #1: In a Bullish scenario Price Action holds above 9 Points or 9.50 preferably for some consolidation & follows cycle with an eventual break of 12 Points making way for a test at 14.50 Points. SCENARIO #2: In a Bearish scenario Price Action deviates from cycle and decides to Break Down 8.50 Points which would be followed by a further continuation of next SUPPORT at 7 Points. FULL CHART LINK: www.tradingview.com NYSE:NIO
NYSE:NIOLong
by DGSTBROKERACC
1
NIO: CHART UPDATE / SUPPLY & DEMAND / FULL BREAKDOWN & RSI DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of NIO STOCK. As an update to my previous chart on NIO this chart features a much more clear interpretation of where price action can head in the near future. POINTS: 1. Deviation remains the same. MACRO DEVIATION = 10 POINTS, MICRO DEVIATION = 2.5 POINTS 2. Current Trend: Symmetrical Triangle Pattern 3. Earnings Report 03/23 RSI: 1. Pay Close attention to Lower Lows in Price Action & where RSI tends to reset at those given points. 2. Notice how RSI is showing sideways momentum in OVERSOLD territory for NIO this is usually indicative of an upcoming shift in momentum as SELLING BECOMES EXHAUSTED. IMO: Let's take into consideration that lately COMPANY FUNDAMENTALS have not reflected onto NIO's STOCK PRICE but I would also take into consideration just how beaten down this stock is and where China's economy is currently headed. SCENARIO #1: In a BULLISH scenario price action holds above 10 & sees next move up to 12 to confirm continuation of current setup before another possible retest of 10 as a SUPPORT. BREAK OF 13 would be a BULLISH entry point imo. SCENARIO #2: In a BEARISH scenario price action loses 10 as a SUPPORT and will rely on 9.50 as a SUPPORT if this were to break SUPPLY & DEMAND CHANNEL will rest between 9.50 & 7 digging an even deeper pit for NIO to climb out of. FULL CHART LINK: www.tradingview.com NYSE:NIO
NYSE:NIOLong
by DGSTBROKERACC
2
PSNY: CHART UPDATE / SUPPLY & DEMAND / SEMI-MICRO ANALYSIS / RSIDESCRIPTION: In the chart above I have provided a SEMI-MICRO ANALYSIS of PSNY. With previous setup being invalidated with continuation of sideways price action and continued consolidation. POINTS: 1. Deviation of 1.50 points justifies SUPPLY & DEMAND POCKET PLACEMENT. 2. RSI has now officially reached 40 threshold signaling an entry into OVERSOLD TERRITORY. 3. MACD CONTINUES LIMITED BETWEEN 0.14 & -0.14 without major shifts. 4. Despite RSI's drop into oversold territory, MACD continues to hold squeeze momentum. IMPORTANT: EARNINGS REPORTED ON MARCH 3 & BREAK OF 6.50 WOULD BE FIRST STEP BEFORE FURTHER UPSIDE. SCENARIO BULLISH: In a bullish scenario it would prove crucial for price action to hold above 5.50 with an eventual break above 7 to move price action into NEW SUPPLY & DEMAND POCKET. SCENARIO BEARISH: In a bearish scenario price action breaks 5.50 to the downside and we come to continued bearish momentum to $4. FULL CHART LINK: www.tradingview.com NASDAQ:PSNY NASDAQ:PSNYW
NASDAQ:PSNYLong
by DGSTBROKERACC
MULN: SIMPLE SETUP FOR A SIMPLE PLAYDESCRIPTION: In the chart above I have provided a semi-macro analysis of MULN a penny stock that has seen a continuous drop since IPO after hitting record highs of roughly 1200 points but now down to penny stock territory. POINTS: 1. Deviation of 0.2000 justifies SUPLY & DEMAND POCKET PLACEMENT. 2. Symmetrical Triangle Formation 3. ONE LAST TEST OF 0.3200 CAN STILL BE IN THE WORKS & WOULD MAKE FOR A MORE STABLE SETUP. IMO: With current chart setup I would consider this stock to have great bullish momentum on the short term and should perhaps only be seen as a squeeze play rather than an investment over the long term. SCENARIO #1: In a bullish scenario price action should break 0.5500 with strong momentum to give way to a potential squeeze of price action. SCENARIO #2: In a bearish scenario if price action is to break down below 0.2500 with strong momentum this would invalidate setup and be an optimal exit. FULL CHART LINK: www.tradingview.com NASDAQ:MULN
MLong
by DGSTBROKERACC
LUCID: MARKET MAKERS & VOLATILITYDESCRIPTION: In the chart above I have included a MACRO ANALYSIS of LUCID that focuses on RSI AND MACD behavior in past SHORT SQUEEZE scenarios along with information on current trend and supply & demand pockets. POINTS: 1. DEVIATION of 6 POINTS hence SUPPLY & DEMAND POCKETS. 2. DOWNTREND CHANNEL STILL IN PLAY UNTIL CONSOLIDATION IS CONFIRMED. RSI: When it comes to RSI notice the angle at which the last two SQUEEZES have occurred 25 & 36 DEGREES while current RSI is ANGLED at 61 DEGREES. This measure in DEGREES is important because the STEEPER the ANGLE the SHORTER THE PERIOD WILL BE THAT RSI MEDIAN WILL LINGER AT OVERBOUGHT LEVELS BEFORE RESETING & SEEING SOME COOL OFF. MACD: CRUCIAL TO POINT OUT NOTICE MACD IS CURRENTLY STILL SQUEEZING AND FAILED TO RESPOND CONFIRM CURRENT BUYING PRESSURE MEANING THERE IS STILL A LOT OF SHORTING PRESSURE. IMPORTANT: Current PRICE SQUEEZE ACTION is uncannily similar to SHORT PRICE ACTION on MAY 12 2022, when price action eventually pulled back into DOWNTREND. SCENARIO #1: In a BULLISH scenario since RSI is at OVERBOUGHT LEVELS & if price action is to head higher expect somewhat of a VOLATILE CORRECTION. SCENARIO #2: In a BEARISH scenario since MACD failed to confirm UPTREND a downward move is to be expected next possibly pushing price action down to the 10 - 4 point SUPPLY & DEMAND POCKET. FULL CHART LINK: www.tradingview.com NASDAQ:LCID
NASDAQ:LCIDShort
by DGSTBROKERACC
PSNY: MACRO ANALYSIS / REVERSAL IMMINENT? / SQUEEZE? (UPDATE)DESCRIPTION: In the chart above I have provided a SEMI-MACRO ANALYSIS of PSNY where I address Current Trend, Supply & Demand, RSI & MACD. POINTS: 1. DEVIATION stands at 1.50 Points separating given SUPPLY & DEMAND POCKETS. 2. Price Action is finally finding support above the 45 EMA (BLUE LINE) while the 200 EMA (RED LINE) looks ready to go under & CONFIRM BULLISH MOMENTUM. 3. SYMMETRICAL TRIANGLE FORMATION had a BULLISH start further confirming a BULLISH EXIT from trend. 4. RSI median is positioned near 50 similar to previous positioning before rally occurred. 5. MACD volume is staying within 0.18 & -0.18, a flatlined MACD is preferable since it would signify that buying and selling pressure is equal and preparing for a big move. 6. ESTIMATION for potential rally from current floor can be found on the right hand side. IMPORTANT: PAY CLOSE ATTENTION to VOLUME and just how dramatically dead VOLUME has been since the 27th of JUNE 2022. Can have something to do with how much of PSNY shares are traded in DARK POOLS. This can in fact work out for PSNY since a slight exposure to previous levels of VOLUME can in fact result in a BULLISH REACTION for PRICE ACTION. SCENARIO #1: In a BULLISH scenario price action would have to break past 7 points to validate setup and give way for price action to continue breathing. SCENARIO #2: In a BEARISH scenario if price action is to break below 5.50 current setup would be invalidated and give way to further downside or consolidation. FULL CHART LINK: www.tradingview.com NASDAQ:PSNY NASDAQ:PSNYW
NASDAQ:PSNYLong
by DGSTBROKERACC
DAX & S&P500 RELATIONSHIP: MACRO / SUPPLY & DEMAND / BOTTOM???DESCRIPTION: In the chart above I have included and brief macro analysis of the DAX a GERMAN equivalent exchange of the S&P500. Aside from the difference in point ratio the DAX and S&P500 have a special relationship in which they mirror one another usually with the DAX following the S&P500. Nevertheless the DAX in this case can be showing us a different perspective in what is in store for the OVERALL MARKET in the near FUTURE. POINTS: 1. DEVIATION of 1,000 POINTS begins PLACEMENT of SUPPLY & DEMAND POCKETS at YEARS ALL TIME LOW of 12,000 POINTS. 2. Current UPTREND is at RISK of SHARP Incline that is shown by FLOOR OF CURRENT UPTREND CHANNEL. 3. 100 MA (ORANGE MA) is serving as crucial support and agrees with current uptrend along with 45 MA & 200 MA FALLING INTO PLACE . 4. 15,000 POINT RANGE IS OF CRUCIAL IMPORTANCE TO HOLD WITH CONSOLIDATION IN CURRENT DEMAND POCKET. *IMPORTANT: RSI within an 8 HOUR TIMEFRAME has only been seen at these levels 2 TIMES in the PAST YEAR where we usually have come to see a continuation of bullish momentum for 22.5 days if we go by AVERAGES. SCENARIO #1: BULLISH scenario would require a continuation of STEEP INCLINE SUPPORT or at the very least a CONSOLIDATION ABOVE 15,000 POINTS. SCENARIO #2: BEARISH scenario would begin at the moment we lose 15,000 as a SUPPORT & would further continue once STEEP INCLINE TREND IS BROKEN. FULL CHART LINK : www.tradingview.com XETR:DAX SP:SPX
XETR:DAX
by DGSTBROKERACC