NASDAQ:PSNY Bulls need to defend $3 or else 😱. The support levels below: - $3.00 - $2.87 - $2.32 - $1.44 Would you take the chance for play for a bounce? Follow me for more chart analysis.
The stock dropped more than -10% after the financial results were announced. Typically, it takes the stock more than 30 days to recover its price. 1. Will institutional investors be ready to defend the price in this zone? 2. Will Elon and NASDAQ:TSLA put further pressure on other manufacturers with their price war? 3. The green rectangles, resistance, will be...
Stock Following Disappointing Earnings. Polestar second-quarter loss widens as it ramps up EV deliveries Polestar lost $304 million in the second quarter, on revenue of $685 million. EV deliveries were up 36% from a year ago. The company is still on track to build 60,000 to 70,000 EVs in 2023, with two new models coming in the next...
Navigating Low Volume, Volatility, and Long-Term Downtrend Ahead of Earnings
PSNY ( 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...
Almost confirmed my topSwing setup. Breakout of the long term downtrend Positive price action at the double bottom. Bullish Alert with bullish crossover
PSNY 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...
The EV market has been hot since Tesla, Inc. (NASDAQ: TSLA) announced record Q2 deliveries last week. Following Tesla’s announcement, other EV manufacturers like Rivian Automotive, Inc. (NASDAQ: RIVN) and Polestar Automotive Holding UK PLC (NASDAQ: PSNY) joined the party by also reporting extremely positive delivery numbers. While RIVN stock jumped by as much as...
Break channel to upside with high volume. Pull back is normal for retest. Higher targets are on the chart.
Daily Chart with a bullish alert together with breakup of the long term downtrend. Possible bottom at 3.20. I m waiting for a good price action.
Already down nearly 70% YTD, Polestar Automotive Holding UK PLC (NASDAQ: PSNY) announced an average 18.75% cut in its delivery target due to a delay in Polestar 3 startup production. Despite the negative news, PSNY appears to be on the right track financially given its efforts to cut costs in order to boost profitability. With its shareholders voting regarding a...
PSNY has been relatively stagnate for a while.... which is good after an emotional dump into a new low. It means its accumulating. This company is undevalued compared to the other electric car companies out there. I wouldn't expect this stock to move a lot up front. However its cheap to do a leap on this til jan 24 and let it do its own thing. Out of all of...
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. ...
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...
The PSNY stock is at a bullish 1.618 fibonacci level along with a confirmed bullish divergence on the weekly chart. My TA is saying that the stock will surge towards the $4 resistance level in no time. All indicators point towards a highly promising upward trend, so I’m going to be bold and put a call out for $4. This chart based off of The Elliot Wave Theory,...
DESCRIPTION: 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....
Both daily and weekly time-frames show a nice bullish trend in the stock, upside seems astronomical vs risk here (stop @ $5.60). Totally worth a shot if it has legs... Best of luck! Cheers, Ivan Labrie.
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...