EVs have not been a hot sector as of late.
Largely due to the supply chain crisis, lack of chips, and the fact many are extremely speculative stocks.
However, Tesla does not like to spend time below the 800 for long. The bulls usually come in and fire this stock back upwards.
Expecting a short-term relief rally up to around 870 and likely heading lower again....
Conviction: 3/5
Better to wait until we break above downtrend resistance line, but overall looks strong
seemed to bounce off 100WMA
RSI-W at historical buy points
bounced off (for now) 50% retracement
RISKS
Very expensive relative to historical trend
Conviction: 3/5
Bouncing around channel since end of 2018
RSI-W at oversold levels, although another leg down for bullish divergence is not out of the question
Still relative expensive... especially at a time when investors value value
Conviction: 3/5
A confluence of supports (2013, 2014, support level from 2018) hopefully will create a support zone that allows the stork price to move up again.
RSI-W at oversold (and historical bounce) level.
P/S ratio is at historically low while margins and growth still seem pretty strong.
Main risk... history does not capture 2008 recession.
It seems like there is a cycle of around 12 months with a margin of error of 1 month when there is the beginning or end of a major move. We are resting on the diagonal dotted white line as well as the bull flag support. We are currently trending down with the bullflag resistance, but one this breaks out it will go out hard. The way I drew the bottom curve was...
Conviction: 3/5
Should probably wait for better entry around bottom support (4/5)
General Thesis
Weekly RSI good entry level
Daily RSI bounced off oversold, could still become bullish divergence with a lower low
bounced off near-term (2017) support trend line since inception
Growth
Gross margins (45%) is pretty steady the last few years, at all...
Conviction: 3/5
General Thesis
Weekly RSI looks is attractive but likely to go lower
Daily RSI turning up from oversold positions
breakout from 2012 down trend resistance, could be the start of a leg up!
target $60
Growth
Gross margins (57%) is pretty steady, at/near historical highs
Revenue growth (1.32%) around 75th percentile
Value
...
Low conviction trade
bounced off 100 and 200 WMA, could be good buy point
but Weekly RSI is not at super attractive levels.
on the other hand, daily RSI has been hovering at oversold levels for about a month now, so could be good entry.
Conviction: 2/5
General Thesis
Daily RSI grazed 30 2 days ago
bounced off short-term trendline since May 2021
will be carried up if crypto bounces,which is looking likely
Growth
Gross margins (90%) is high
Revenue growth high (300%)
Value
P/FCF N/A
P/S below historical average but expensive at 9
Fundamentals & Balance Sheet
low...
Cumulation of thoughts, patterns, candles, TA, emotions, if the market gets REALLY volatile
Extremely speculative. You could even tighten this TA up even more to the next few days / weeks! So much news every day...
NOT FINANCIAL ADVICE. SPECULATION ONLY. DO YOUR OWN RESEARCH.
Hi everyone.
So, today I want to talk with you about swing-trading idea of Abbot Laboratories. This company works in medicine and drugs industry.
They show good results financial, some good dividend ratio with debts payments. Their big debts are typical for this kind of industry - medicine require big costs on science, study and creating costfull, effective...
My personal speculative opinion on CKB using Elliot Waves.
As we can see the price is currently on 50D ema (purple line) and the price could go to the target 0,10$ from here, but it might also slide to yellow trendline.
But we are highly bullish so buy cheap for upcoming massive gains.
Excuse all of the extra lines, but here's my thesis: Massive volatile flow for this stock in the last two weeks. Here's the pattern I am looking at. Resistance seems to be happening around the $5 range (4.5-5.5), and every time the stock dramatically reacts up or down, it's due to news. I believe many investors are speculators hoping that SOS isn't a fraud...
The recent sell of was quite scary for some, but it looks like we probably are finished selling off (even it means we're going flat for a while). With the huge move in $GME today after hours and the major crypto's finding bids, I would keep an eye out for a move upwards. There is still 5x or more potential for doge coin in the long term and that massive upside...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Just playing around with copying a previous pattern and trying to find confluence with fib levels. I find this chart interesting but its more for just for fun, I dont have extreme faith in this. Obviously, not financial advice.
If a H&S forms at the indicated point, I'm going to follow this 100% speculative strategy. Splitting the entry points in 3 with different entry ammounts (base is 1).
