The TSLA chart indicates a notable presence of lower gaps that are yet to be filled. These lower gaps signify potential areas where the stock might experience downward movements to reach previous price levels. The current situation suggests that if the support levels represented by rectangles do not hold, there is a higher likelihood of rapid downward...
"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...
NASDAQ:PSNY is attempting to break the descending trendline. Positive divergence with RSI or MACD is a good sign... When $3.20 When $4.00 ?????
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,...
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