Earnings is near and I am not quite sure if the sell off will happen before or after earnings. It is a close call since the SPY is also looking to dip.
My count is assuming we are at the start of a new uptrend.
2 factors in NIO's recent spike; 1. record sales 2. EV Hype
I am thinking we could see a sell the news scenario come into reality when earnings come and it will be ugly for the stock. This has achieved an all time high based on 1 month of sales. The velocity of the uptrend is discounting profitable quarters in the near future which is far-fetch.
While I am...
China is committed to transition from ICE vehicles to all electric vehicles in the near future. With Tesla looking to accelerate its growth in China, NIO is one of the many EV companies in China fighting for a piece of the EV pie. The latest delivery report from NIO is an indicator that the Bull market has started for NIO stock. Volume plays a part in confirming...
It is amazing that it hasn't been sold off amid the pandemic. Hedge funds are holding on to this name since the all time low.
The brand is well known around the world and it is just a matter of time before it takes off. The pandemic has changed people's habit of getting their food and it makes alot of sense for Uber to expand and invest more into their UberEat...
There is not much to comment on besides the obvious trend reversal that is taking place on the chart.
FDX could see competition from Amazon in the far future. In the mean time, Amazon's immediate misfortune is FDX's gain.
It is difficult to predict how high this will go or if the current uptrend is just a deadcat bounce. Nonetheless, this is a good entry point at...
Economic Depression = less money = less vacation
Pandemic = More restrictions on entry into different countries = less traveling
Cruise ship companies get no bailout unless they register their companies in the US. The cruise ship companies are not registered in the US due to tax reason.
Tesla has a great concept in its EVs and it has gained tremendous market shares over the past years.
At one point it was traded at as low as $170 and it was a so called Blood on the Street. With the Bull market finally behind us, luxury will take a back seat.
I am looking forward to a Super Cycle Elliott Wave correction with strong support at around $20 when it is...
The correction of MO completes in time to rise together with the cannabis market.
MO owns 45% of Cronos and this is their extended growth play for the future.
Growth plus over 9% dividend yield at $36 USD.
Just a quick update on the stock. Risk and reward favors buying at $7.XX no matter how you look at it. Big jump today with the S&P but this looked sluggish on a green day for the market.
My short thesis still stands even with recent spike.
Heavy volume and a big spike at the tail end of the downtrend.
I am leaning toward a technical reversal but let us wait for another month to see the bigger picture.
We should have plenty of time to accumulate and alot of room to go up if indeed this is supported by big news.