On the 2H Chart ARVL is always been underneath the Ichimoku cloud. Since earnings this has
changed. The earnings were nothing special. ARVL as a startup is still losing cash; it is priced
on the potential of the future. ARVL is in the delivery truck and bus segment of the growing
EV industry. It does not compete directly with TSLA. On the chart relative strengh also rose
over its cloud going from 40 to 70. Notably it crossed above the Ichimoku cloud simultaneously
with crossing over the POC line. Traders including myself watch for confluences to support
bias and a trend.
My feeler call option with 5 DTE trade was taken on Friday is up 228% over the weekend.
I will now take ten more but extend the DTE to 6/2 I see this as a typical penny stock high
reward high risk. This is like TSLA in its infancy. Also the higher it gets away from delisting risk
the more momentum it might have. This compares well and perhaps better than
LCID NKLA and PSR because it has a niche focus which protects it from the center
of the competition with other EV stocks.
changed. The earnings were nothing special. ARVL as a startup is still losing cash; it is priced
on the potential of the future. ARVL is in the delivery truck and bus segment of the growing
EV industry. It does not compete directly with TSLA. On the chart relative strengh also rose
over its cloud going from 40 to 70. Notably it crossed above the Ichimoku cloud simultaneously
with crossing over the POC line. Traders including myself watch for confluences to support
bias and a trend.
My feeler call option with 5 DTE trade was taken on Friday is up 228% over the weekend.
I will now take ten more but extend the DTE to 6/2 I see this as a typical penny stock high
reward high risk. This is like TSLA in its infancy. Also the higher it gets away from delisting risk
the more momentum it might have. This compares well and perhaps better than
LCID NKLA and PSR because it has a niche focus which protects it from the center
of the competition with other EV stocks.
Trade active:
Calls are now up 367% with 2 hours left in the trading day. I will buy ten more contracts DTE 6/16 tomorrow I will take away 25% of my calls to capture unrealized
profits.
profits.
Trade active:
Original calls topped out at 500% ( 5X= $750 on 10 contracts) I am feeling greedy and will watch for a pullback to sell off the originals and buy some further down the road.
Trade active:
Call options are up 733% on relative strength compared with general US market . Buying more feeling greedy. DTE 7/21 longer term.
Trade active:
I am adding now because ARVL is consolidating or at least resting a little. Interesting to see it rise while TSLA drops a bit.
Trade active:
Call options now up 1000% (10X) ( $150 to $1650 )
Trade active:
a bit of a pullback to rest after a bif run. maybe tomorrow continuation
Trade active:
ARVL is running hard after a pullback. Reloaded options for 7/21 at $2.50 strike.