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...
The 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...
Reasons for bullish bias:
- Falling wedge with prominent bullish divergence
- Safe entry at breakout of LH for confirmation
- Targets till projection
Entry Level(Buy stop): 2.71
Stop Loss Level: 1.48
Take Profit Level 1: 3.94
Take Profit Level 2: 5.17
Take Profit Level 3: 6.4
Reasons for bullish bias:
- Falling wedge with prominent bullish divergence
- Safe entry at breakout of LH for confirmation
- Targets till projection
Entry Level(Buy Stop): 2.39
Stop Loss Level: 1.21
Take Profit Level 1: 3.57
Take Profit Level 2: 4.75
Take Profit Level 3: 5.93
Take Profit Level 4: Open
Twitter, YouTube, and analysts will start talking about NASDAQ:PSNY when the stock has increased by +100%... a daily buy signal has just appeared... but we are waiting for today's closing to confirm the signal...
🙈🙊💎🙌⚡️❄️💫🚀
Buy the bottom of the bottom of the bottom. It's the only chance to catch the lowest point in Polestar's history.
The purple trendline originates from the lowest points when the volume was at its highest, attempting to force the capitulation of all retail investors and a few hedge funds.
If I weren't already fully invested in this stock, it's exactly at the...
"Swedish EV maker Polestar misses target for 2023 deliveries"
Polestar has not reached its delivery target for 2023. The brand delivered around 54,600 electric cars worldwide last year, falling short of the annual target, which was recently lowered to 60,000 electric cars.
-40% is the drop that NASDAQ:PSNY experienced during the previous earnings...
Earnings coming, Polestar 4 on the horizon, and then Polestar 3... 💎 🙌
The stock held the historical support... are we going to witness the same scenario as in May-June 2023?
A rebound of +40%?
Or has the electric bubble burst, and the stock is heading towards 1.80-1.70?
The new strategy displayed on the screen has evidently triggered a short position at 2.11...
Massive compression on the weekly time frame... they can't keep driving the stock down non-stop without a break. It's no longer sustainable... Hedge funds will start to release the pressure, and the stock could explode very strongly.
This is a projection on a weekly basis, so, significant patience is required.
Cup and handle pattern formation 1h time frame ???
Daily... still no buy volume...
Need to hold $2.20... but be aware, we have a gap just below 2.20. Need to be filled before we we go higher...
If the price touches this area and there is strength, the stock will quickly break through the rectangle.
For me, it's not safe to buy yet... either I'll wait for us to get closer to 2.98 for a small squeeze, or I'll wait for the second cross of the EMA 9 / 20.
Note that this stock is so boring that the consolidation phase typically lasts more than 90 days... lol.
Perhaps I am completely naive, almost certainly, lol... in my opinion, a bullish movement is about to happen soon. To at least attempt to reach the resistance at $3.19. Surely the short sellers will take new positions. Each phase of bullish consolidation or distribution (depending on our perspective) has lasted about 90-95 days.
But for me, we are currently in a...
1. First buy signal with supertrend indicator
2. Gap to fill around $3.00 to $3.12 (Thanks to Barclays downgrade :S )
3. Second gap to fill (Wall Street dropped the stock after last earnings/results)
Before buying a few hundred or thousand shares, I'll wait for a consolidation of about 5-10 days, and especially for the EMA 9/20 to cross on the daily chart. Too...
PSNY has a Market Cap of $5.29 Billion and Revenue in 2023 (TTM) of $2.65 B.
Yet, the stock just keeps on plummeting... again and again and again... 😔📉
If we rely on Fibonacci levels, the last support could potentially be around $2.20. 📊
PSNY Stock Forecast: Second Quarter 2023 Results and Recent Developments
Delivered 27,841 vehicles by June, aiming for 60–70k deliveries in 2023: Polestar delivered nearly 28,000 vehicles by June and has ambitious plans to deliver between 60,000 to 70,000 vehicles in the entire year of 2023.
Q2 saw 15,765 vehicle deliveries, a 36% YoY increase: In the second...
Falling Wedge Pattern for PSNY chart, Polestar
In this chart analysis, it's evident that there's a potential buying opportunity if we manage to reclaim the indicated level (previous gap after Earnings). This could take 30 to 45 days, as institutional investors are not very interested in buying this stock.
However, it's crucial to exercise caution and patience,...
