On August 7th, Proterra Inc. (NASDAQ: PTRA) filed for bankruptcy due to its inability to pay off its current liabilities. As a result, the stock fell 87% and could continue its fall over the coming days. That said, bankruptcy plays have proven to be extremely popular among traders which could see PTRA stock have a dead cat bounce soon. While a dead cat bounce play...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 1.27/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
There wasn't much love for the little EV bus that had an enormous post earnings capitulation. This looks like a massive over reaction and now for the first time ever PTRA is oversold on the weekly RSI and currently holding this area well. PTRA had been trending in this long pitchfork and the downside crash suggests a selling climax. If you see the value in this...
PTRA All the action is in EV today. PTRA down 10% already today in tandem with TSLA collapse. This looked somewhat promising as it probed out of the pitchfork although the clue was that no other EVs were moving with it. But after the 3 wave completion there were 2 shorting opportunities as it fell back into the pitchfork. One was positional, the other with...
sold haf into strength at 7,25 remaining to trail took the hourly flag breakout
These EV's have been getting smashed up so bad but it may finally be time to consider an entry. I've been tracking quite a few of these for some time and they've been long locked in these pitchfork channels. This week PTRA will print a whole candle body outside of the pitchfork channel and that is worth noting. Also worth noting is that most other EV's are...
Having being smashed to a pulp, a few EV names have been popping recently and here's one of them. PTRA also pushed by earnings is having a pump and looking at the weekly RSI its fairly clear this is a breakout not a retracement. Its bounced just further than a common fib overshoot. So this looks good 😺. And with indexes probably turning bearish in probable...
10 SMA closing in on the 50 SMA on the day. A cross of the 10 SMA would likely show good upside to a high of 30% gain. General market looking like it’s coming back up as well. Play safe use a logical 10% stop-loss. Goodluck.
In my previous PTRA I said it would get to $8.5 and we're nearly there. However these very large bearish candles have showed and will show that there is another wave down at least before this trend is done. Good chance weekly RSI will go oversold and we'll see where it is when price hits the 0.618 extension. See you @ $6. Not advice.
Who's going long on PTRA if Biden's Build Back Better plan passes in the senate?
Hi Traders, This is just my Idea about very potential company for next 5-10 years. (If electromobility can win th battle against hydrogen, than this is one of TESLA competitors.) Consider your RRR Strategy + Fundaments (Entire market could get into Bear market as well). Buy zone right now is around 10-7 USD ... Sell zones are marked for partial take profit....
Proterra Inc. develops and produces commercial electric vehicles. It operates in three business units: Proterra Powered, Proterra Energy, and Proterra Transit. The Proterra Powered business unit designs, develops, manufactures, sells, and integrates battery systems and electrification solutions into vehicles for commercial vehicle OEM customers serving delivery...
Publishing a small pre-earnings update, hopefully there would be no surprises later on. The stock price seems to be stabilizing around 10 USD. Sales for the Q should come above 63.4 Mil, or I would be unhappy :(
Proterra is a fast growing EV bus business that should keep revenue increasing for many years.The company, while young, seems to already be having a real impact, and their business model is solid.What is attracting many investors is the enormous size of the target addressable markets. For Proterra Powered the TAM is ~225 billion, and for Proterra Energy it is...
Key risks: - Product quality issues, returns, complaints - Not achieving revenue growth targets (60+ % CAGR until 2025) - Decrease in projected long term margins - New players entering the market - Supply chain issue and commodity risks - Underutilization of government funds - Management fail - execution risk Key strengths: - Developed and tested products -...
This is capitulation setup when there is a fear of buying. Also called Fallen Angel Setup
PTRA could potentially be a great buy down the road, but for now its been caught in a steep downtrend - collapsing 30% and leaving investors wondering. Many are piling in thinking this is a steal right here. But is price done? Is the bear market over? RSI showing well overbought. However, price looks like it may be forming a continuation pattern. That recent...