LCID looks heavily oversold and the options open interest delta is saying so too. I live in a big city and for the past weeks have been seeing their vehicles around. I remember in may 2022 I started seeing RIVN trucks around and the stock had a small push from $19 - $40. Think a bull can actually drive?
PSNY has been relatively stagnate for a while.... which is good after an emotional dump into a new low. It means its accumulating. This company is undevalued compared to the other electric car companies out there. I wouldn't expect this stock to move a lot up front. However its cheap to do a leap on this til jan 24 and let it do its own thing. Out of all of...
I really like this for a potential long. A sweep under $6.09 on the weekly chart could send us to $17+ in the upcoming months/weeks.
For the month of May on the 15-minute chart Fisker is up 27% while the general market QQQ is up merely 4%. FSR riding an ascending parallel channel tested the channel yesterday. This was met with high relative buying volume. (Fundamentally, TSLA and NIO are rising as well as EV stocks gain some momentum ) The Better RSI indicator is oscillating between...
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...
Most people invest their money in these 3 companies, NIO, LUCID, Rivian, or all of them because they had missed the opportunity to participate in the inflationary phase of the Tesla Bubble..! Unfortunately, now the deflationary phase of the bubble overlap, and they are coming down on the latitude mode..! People who invested in these stocks have lost more than...
As I said in my previous call on Tesla, which was rather successful, I'm not a big fan of Elon Musk. Tesla TSLA - The Bottom Is In, But It's Still Bearish Especially as the post-Twitter acquisition has unfolded, I feel Musk rode the wave he could to do his "Twitter Files" thing and clawback some rightists/Conservatives that were alienated under the former...
NKLA is trying to make an all time low. Fundamentally, the last earnings were okay. Some members of the board are retiring soon. Technically, the relative selling volume is much higher than the moving 50 day average. The zero lag MACD shows no bullish divergence suggesting that that there is no impending reversal. The indicators K/D lines have not...
FSR has formed the cup of the cup and handle pattern and is now starting the downturn formation of the handle. Price action should continue down to the 50% retracement of the uptrend of the cup. It should then reverse and trend upward to twice the height of the cup/ AO /MACD / RSI confirm the downtrend. I will target this with the $8.50 strike put...
FSR has formed the cup of the cup and handle pattern and is now starting the downturn formation of the handle. Price action should continue down to the 50% retracement of the uptrend of the cup. It should then reverse and trend upward to twice the height of the cup/ AO /MACD / RSI confirm the downtrend. I will target this with the $7.50 strike put...
These 15 min candles are what show shorts covering. The green disks we can expect a domino effect with the covering here soon. Expect volatility to come and big moves to come.
Looks like a decent setup here... Best of luck! Cheers, Ivan Labrie.
SPY gapping below PD open, putting any Friday longs underwater. I think it tests the convergence of the balance are top and the descending trendline around 400 - 401.50. From there, look to see if pops are sold are if they hold, that will tell if we had enough fuel to continue higher or if we need a larger flush out before approaching the 410 area. BIDU -...
$LCID has a nice setup intraday here, which makes me think it will rally towards 7.25 on Tuesday-Wednesday next, provided it remains strong and marches higher than last week overall. Similar situation for most EV names here, seen also in $F, $TSLA, $RIVN, $LI, $XPEV and $NIO. It could be a good long term entry as well, if you want exposure to the sector (probably...
Points: - LCID is showing a Deviation of 6 Points placing current price action in new channel. - Current channel = Supply Zone at $10 & Demand Zone at $4. - Down 89.19% in past 405 days. - RSI Average at an all time low. IMO: I would consider LCID to be a reasonable buy at $4. Opening a position at these prices with appropriate risk management skills can come...
In the chart above I have provided a macro analysis of TESLA by providing a visual on confirmed channels, past and current trend & RSI patterns. Points: 1. Channels show a deviation of 60 points currently placing us in the second to last channel that holds between 60 - 20 for DEMAND & SUPPLY . 2. Current channel is in fact risky to buy into considering we are...
Points: - LCID is showing a Deviation of 6 Points placing current price action in new channel. - Current channel = Supply Zone at $10 & Demand Zone at $4 . - Down 89.19% in past 405 days. - RSI Average at an all time low. IMO : I would consider LCID to be a reasonable buy at $4. Opening a position at these prices with appropriate risk management skills...
NASDAQ:LCID Major Bearish Trend, Nothing bright in the future, Not in the technical view or fundamental. The company is losing money, doesn't produce any products, just lies to investors, and wastes their time. Short it if you get a nice short Fee, leave it if you are long. Good luck (*Shorted it so many times) Price goal - 2$ until bankruptcy