Triple Bottom has formed on Motus after the last few months. And just recently, the price has broken above the neckline of the pattern, This is bullish for an investor as there is extensive upside to come, by the looks of things. 7>21 bullish Price<200MA RSI>50 Target 1 will be to R130.00. It's quite optimistic, but you saw how quickly the stock fell in a...
Yesterday, after the closing bell, Tesla announced its earnings for the first quarter of 2023. The company reported a net income of 2.539$ billion and total revenue of 23.329$ billion. Net income saw a double-digit decline on a yearly and quarterly basis, while revenue declined only on a quarterly basis. In 1Q23, Tesla produced 440 808 vehicles and delivered 422...
Rivian Automotive (RIVN) stock has recently hit a new 52-week low due to various factors, making it a highly volatile investment. The company's lower-than-expected production output in 2023, cash burn rate, and intensifying EV truck market competition have contributed to this decline. RIVN's Q1'23 deliveries beat estimates, but its 9.39K quarterly production...
$MULN should bounce from the bottom trendline RSI extremely oversold
From the last update on 23 February, we saw Motus form a Reverse Cup. The price broke below the brim level and the indicators were all negative. 21>7>200 - Bearish RSI<50 The price hit the target of R105.32 The trends are all down and bearish, and there is no incentive to buy the low on my charts. I don't believe in BTD (Buy the Dip). I believe in Buy high...
Descending triangle has formed on the weekly chart for Palladium Last week, was a breakout to the downside. 200 >21> 7 - Red background RSI <50 lower highs Bearish Target $880 WHY WOULD Palladium go down? I can't tell you with any certainties why it's coming down but I can think of a few potential factors like: ~ Lower demand for Palladium as an investor point...
The technical figure Channel Down can be found in the daily chart in the US company Tesla Inc. (TSLA). Tesla, Inc. is an American multinational automotive and clean energy company. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and...
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
The technical figure Triangle can be found in the daily chart in the German company Volkswagen AG (VOW3.de). Volkswagen AG, known internationally as the Volkswagen Group, is a German multinational automotive manufacturer. The company designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines and turbomachinery, as well as...
Bullish on LAD earnings tomorrow. Using data collected from Lithia dealer websites to predict Lithia's unit sales before earnings is released tomorrow. The white graph is aligned (almost) to each year/quarter. Q over Q New and Used unit sales have declined due to an industry wide inventory shortage. With inventory supply for New and Used vehicles starting to...
NYSE:F F is trending up while TSLA heads down US Legislation to support EV purchases with tax credits is helpful GM's financial troubles are helpful. Chart shows upgoing BB/EMA channels and mid-range RSI with recent K/D crossover. Both suggest a potential swing entry. Depend on unforeseen changes in the automotive market or the market at large and a...
Back in May we called for a short-term buy on Rivian (RIVN) but warned investors not to get overexcited: This time however we find quite a few reasons to be excited as following the break above its Falling Wedge, the stock formed a Channel Up that is about to break upwards on today's strong rise. Within this Channel, the price also succeeded in breaking above...
In Q1 2022, Tesla Outsold All Luxury and Premium Car Brands In The U.S. and gained 8.6 percent of the total market share of luxury automotive sales. Tesla is showing no signs of slow down. We are now currently at a 1 hour supply zone level and I'm looking for a continuation to the upside because break of previous structure to the upside was broken at 790.00 area....
Basing above 60 VMA in a flag pattern. Breakout should propel this to 52 easily and potentially 200 Chinese names are front runners of the next bull cycle IMO. One could buy here with the tight S/L or wait for break and retest.
Worst scenario for those who are bullish thinking of potential Cup with Handle pattern formation on a broader outlook or reverse Head & Shoulder pattern on a narrower outlook. If you look carefully, you can see the descending broadening wedge clearly as highlighted in my chart. You can zoom out to see the broader view of my chart with all the...
Auto Nation ( NYSE:AN ) Sector: Retail Trade (Specialty Stores) Market Capitalization: $6.427B Current Price: $114.84 Breakout price: $118.10 Buy Zone (Top/Bottom Range): $109.60-$96.90 Price Target: $142.80-$144.00 Estimated Duration to Target: 399-407d Contract of Interest: $AN 1/20/23 110cc Trade price as of publish date: $20.10/contract
OReilly Automotive ( NASDAQ:ORLY ) Sector: Retail Trade (Specialty Stores) Market Capitalization: $39.973B Current Price: $615.79 Breakout price: $621.50 Buy Zone (Top/Bottom Range): $609.20-$564.80 Price Target: $782.00-$788.00 Estimated Duration to Target: 406-418d Contract of Interest: $ORLY 11/18/22 630c Trade price as of publish date: $49.95/contract
the turn around in the nasdaq and big tech as well as related sectors and their respective etfs should also hit self driving. we should find ourselves breaking the downtrend soon.