Rocket is flying and going higher and higher, Weekly close here above major level tells us the weeks ahead will bring NGU for all.
NKLA on the 2H chart appears in a cup and handle pattern with the full pattern including the bullish continuation now printed. The pattern predicts $ 2.00 of upside . While the fundamentals of a change of CEO may be concerning, the the creativity of finding cash during a slow cash burn without diluting current shareholders. Perhaps he will have two classes...
Bullish divergence on the annual time frame, that spans across a 2 year period. Stochastic indicating the market is over sold on the annual time frame and that bulls are re entering the market. RSI indicating market exhaustion to the downside and bulls returning to the market, LYFT market dominance in the self driving/ ride sharing app is growing. Also with...
WKHS is in similar circumstances as NKLA in the potential for a delisting due to low share price. NKLA has been cleared and is a bit above $1.00 ( see my bullish bias idea) Here WKHS is below $1.00 but is apparently reversing. On the 30 minute chart, price is rising and is above various VWAPs anchored to the left at various points. The last trading day...
Nothing much to say this time. You've read all the stuff i wrote in the past, this is just a post to remind people about my random lines indicating a possible breakout on this very weak (not for long) stock. If the lines i have above are at least somewhat accurate, we might be on the cusp of a breakout. It needs a bit of time to confirm itself as a real breakout...
Hi all, Nothing's changed with Lordstown's position. This post relates not to Lordstown's financials or fundamentals but to chart technicals. In my own data that i follow for all stocks, Lordstown seems to be nothing special and has absolutely nothing going for it. In terms of charting, Lordstown is in a huge bull wedge (which doesn't make sense, i know, but...
Nothing much to say here. The situation with RIDE is the same as before. Foxconn decided to break their contract and not buy NASDAQ:RIDE at the price of $1.70 as previously agreed since the price of the stock had declined to $0.30. It seems the cost of business of just breaking contract was better for them than to actually go ahead and buy NASDAQ:RIDE shares...
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. ...
RIDE is an EV Nasdaq Penny Stock. It is in danger of delisting. A major financing deal fell through. This company is having a hard time getting traction much like MULN and FFIE. On the chart, price has fallen down into the lower Bollinger Band and is at the bottom of the high volume area of the volume profile. My forecast is continued trending down until it...
Lordstown motors is what might be the end of the bullish wedge. There may be a month or two left in it before anything really happens. My research on RIDE is not deep, not great, not bad either. --Fundamentals-- RIDE's hub motors are the main drive (pun) here. Foxconn showed some interest initially and did the deal with them but is not showing up to be a daddy...
under rated and valued... @ $380Mcap this is a steal ... looks like big funds are discretely getting volume and great news are concealed with DOWNLPLAYE coverage for Q1 and Q2 2023 earnings . Dressing up for $1bn++ mark valuation
NASDAQ:WKHS Here on the 15-minute chart, WKHS is seen in an early breakout from a descending triangle, Trendlines and relevant overhead resistances are shown. A long position is shown with a 40% upside and an inital stop loss of 8 % for a reward to risk of 5. The stop loss would be moved to breakeven upon 10% price rise. While this is a long stock trade...
NASDAQ:RIDE RIDE , an EV stock has a catalyst in the new federal legistlation. It has been rising in an ascending channel since early July when it reversed a downtrend with a double bottom Here on the 4H chart are supply demand zones, the volume indicator and an EMA ribbon surrounded by Bollinger Bands. Blue volume spikes with the recent excellent earnings...
RIDE has finished a downtrend the past ten trading days and now appears to a retracing that downtrend. The upside here is about 16% to the mid Fibonacci level. The MACD shows an early K / D line crossover as a lagging indicator. The RSI is in midrange being neither oversold or overbought. I see this as a setup to trade a swing long trade or a call option...
NASDAQ:TSLA TSLA is now retesting a breakdown below an ascending channel I intend to short this with the bear ETF TSL for a 1.5X leverage that way I can buy several shares and tier out of the position sequentially on progress Once a downtrend becomes established a pull option for a few weeks expiration. ( always watching the TWTR saga and also any signs of...
In this daily chart, I made a composite index of electric vehicle stocks using an approximate formula weighed by stock prices but not market cap. ( ( $NIO + $LCID + $RIDE + $NKLA +$WKHS) x 50 ) + $TSLA This serves as an approximate normalization adjustment of the varying stock prices in the collection of stocks. I did this to later check to see if there is...
Really believe these smaller EV plays are like buying tech after the tech bubble. Doesn't seem like it now but long as they survive is the big question. Worth a shot to me at the absolute lows while it's curving. This looks like accumulation area to me, it could accumulate for a year but I think you will love the returns, buy when nobody else wants to!
Jasmy is winding up. Watch The Volume Change Take Place Tonight.