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Baidu Apollo Undervalued (Significantly)1. Baidu have had low valuation due to its stagnant growth of its core business - search engine in China, however, it enjoys a significant moat in this segment as it is the largest market share holder - therefore has network effect. 2. Baidu had been investing significantly in developing AI and autonomous driving over the past few years. Its Apollo project is as good as (if not better), than Google's Waymo. However, Apollo is valued at $1.3 billion only (3% of Baidu's market cap) due to Baidu's core business growth, and unclear roadmap of monetization of Apollo. But, Google's Waymo is valued at $30 billion. It is worth noting that only Waymo and Apollo achieved the L4 auto driving, where they begin 1000+ testing of full self driving on road. Tesla's autonomous driving had been recording data of man's driving, while Waymo and Apollo records data on full self-driving. 3. Recently, Baidu began its robotaxi test drive in Beijing, which received huge responses, had cause the stock price to break out its few months resistance level. Therefore, I believe that the break out from a technical perspective may signify huge support for Baidu in addition to its near term upward trend (typical higher lows). 4. Despite full self driving is still years before it could be full commercialised, Baidu's Apollo had also been providing smart city solutions to assist with provinces of China to solve the traffic issue. In Guangzhou, Baidu received RMB 450 million project. This may be the key monetisation way for Baidu in the next 2-3 years, which is very likely given the traffic issues have been causing waste of resources for China, thus the government is likely invest in smart transportation through Baidu. Therefore, we can expect more projects given by the government, which would be a catalyst moving forward. 5. In mid September, Baidu's management noted that re-listing in Hong Kong would gives it a higher valuation that it currently has. Therefore, we may expect a catalyst from this part. Also, the current risk to reward ratio is worth betting on. If it breaks the current support ( breaking the low of the uptrend), then we might have to look for another entry point. However, recent pull back after break out provide a great entry point.
NASDAQ:BIDULong
by DEHJ
3rd Time's A Charm For SOLO? NIO Upgrade SympathyLast time we saw SOLO push this hard to the upside was during the first big run in the summer. No news today, obvious speculation on when they'll announce the final facility location. But they have planned that for November based on the last PR. Anyway, great momo today on sympathy from NIO's big upgrade and $40 price target. I also don't see many other EV penny stocks aside from SOLO and maybe AYRO that have some beefiness to them. The few remaining are relatively baseless and just have an idea in my opinion. We'll have to see if this $3.20 resistance continues acting as such. Also worth noting that the current 50 DMA sits at $3.16, another potential point of focus. "While it’s still early in the game, SOLO stock has built a cult-like following over the last few months. Shares were trading around $1.36 when we first began covering the company in June. Seeing how far it’s come shows the high expectations of the market right now in my opinion. It’s also worth mentioning that SOLO stock also traded as high as $6 during the early stages of this bull run in 2020." Original Quote Source: Looking For Hot Auto & EV Penny Stocks To Buy Today? 3 To Know
S
by PennyStocks101
NIO, beautiful day in the consolidation zone, time for next pop?Thanks for all the likes on the previous NIO chart! Keep on pressing like so I know you want more of these ideads! Nio is following this trend perfectly. Looking for its next break up Previously in Zone 1, we can also note, RSI find support in the 50 range. **********copied from previous days chart********** Please press the like button AND the follow button if you like these ideas, thanks! NIO price target/end of october: $21 Evs , ah quite the market in 2020. Nio has had quite a year, lets examine the last 4 months with NIO . Since June 30th Nio has been in a beautiful ascending channel , a closer examination of the trend will show that upon reaching highs, Nio has an extended period of consolidation, into a lower end of the channel, which leads to another rise towards the upper end of the channel. Zone 1-39 candles. Upon reaching the upper end of the channel (also resistance), we can see consolidation, and upon reaching the lower end (of ascending channel ) we see a rise into zone 2(becomes support). Zone 2 (theoretical) -26 candles. Using the same metrics as zone 1 we saw a rise into the upper end of the channel, back into a consolidation range, this time , along support lines. Using zone 1 measurements, we can expect a consolidation into the lower end of the channel which would take it back into the upper end of the channel, also known as zone 3. Zone 3 (theoretical) - 23 candles. In this zone we reach said price target. With aforementioned measurements used in previous zones (zone 1, zone 2) , We can see the price target of $21 by end of October. Bull case scenario on this pattern leaves us at $28 by end of October. **Provided also are: *Pink reversal zones (possible to signal reversal if falling out of ascending channel ) * gray area zones (possible for upside or downside) *red breakdown zones (for price action that falls out of the bullish trend )
NYSE:NIOLong
by king806