Xpeng: The Awakening!Yes, the Xpeng stock has taken some very hard hits but this is just a reason more to love this stock! From the curernt low points we expect the course to push over the last all-time high an reach new highs of at least $95.43.
Evstocks
Ride should get past ATH's - Lordstown MotorsReally believe these smaller EV plays are like buying tech after the tech bubble. Doesn't seem like it now but long as they survive is the big question. Worth a shot to me at the absolute lows while it's curving. This looks like accumulation area to me, it could accumulate for a year but I think you will love the returns, buy when nobody else wants to!
Is It Time to Look at Electric Vehicle Stocks?Way back in ancient market history; 2020 and 2021, there was a great clamoring for the latest and greatest prospect of human technological achievement... Electric Vehicle companies! Billions of retail dollars were thrown in a frenzy into speculative bets about "the future of travel". Well, we come to today and investors are relatively quiet compared to the old days. Why is that? Why are investors less enthusiastic about this future growth prospect now, at cheaper price, than they were at much higher valuations? That has everything to do with market psychology and in this video I take a moment to talk about that because I want traders and investors to start THINKING DIFFERENTLY when it comes to these opportunities. There are also some EV stock opportunities happening now in Tesla NASDAQ:TSLA , NIO NYSE:NIO , and Ford NYSE:F that I want my followers to be aware of.
NIO Showing Signs of ReversalNIO stock NYSE:NIO , another 2020-2021 EV stock darling that has fallen from grace, came down on March 15th, 2022 to test its IPO day high of 13.80. Price has since rebounded from this level showing signs of respect for it as support. This week that rally has pulled back to respect the 50% Retracement of the reaction. Resistance is clear at the 50% Retracement of the 2020 rally at 34.13. Taking a long trade up to that level as a target, with a stop below the recent dip, poses a good reward/risk.
I am noticing a potential distinct trend in EV related stocks showing signs of recovery following the "Pandemic Round Trip"
PLUG post-earnings LevelPLUG Power NASDAQ:PLUG is setting up a post-earnings Support level. As price pulls back from the earnings rise it is making new swing highs and has setup a 50% Retracement at 22.05. This could be an opportunity for a risk defined entry for a swing trade back to the highs or to establish a long term position for investment. Credit to one of my commenters on my Weekly Livestreams for pointing this out!
$PPSI LONG - HV1 Highest Volume in Over a YearSolar is one of the best sector right now. I'm willing to bet on NASDAQ:PPSI .
Reason to buy:
Low market cap - under $100m
high institutional volume - +4795% few days ago
Good for long term position trading
entered below $8.00 earlier. Starting to accumulate right now. I will continue to buy more when it dip below $8.
TP: $12+
good entry: $8 below
When long strong resistance becomes support..BYD Company Limited ($BYDDF)
THE COMPANY:
BYD Company Limited, together with its subsidiaries, primarily engages in the research, development, manufacture, and sale of automobiles and related products worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Products; Mobile Handset Components and Assembly Service; and Automobiles and Related Products. The company offers internal combustion, hybrid, and battery-electric passenger vehicles; buses, coaches, and taxis; logistics, construction, and sanitation vehicles; and vehicles for warehousing, port, airport, and mining operations. It also manufactures and sells lithium-ion and nickel batteries, photovoltaic products, and iron batteries primarily for mobile phones, electric tools, and other portable electronic instruments; mobile handset components, such as housings and keypads; and automobiles, and auto-related molds and components, as well as provides assembly, and automobiles leasing and after sales services. In addition, it offers rail transit equipment; consumer electronics; and solar batteries and arrays, as well as involved in the urban rail transportation business.
THE TRADE:
Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand. When these support or resistance levels are broken, the supply and demand forces that created these levels are assumed to have moved, in which case new levels of support and resistance will likely be established.
A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role. (source: Investopedia)
Sales of new energy vehicles surged 148% in September, data from the China Association of Automobile Manufacturers showed, spurred by Beijing’s promotion of greener vehicles to cut pollution.
I'm long with a stop below the line.
Long term investment.
Trade safe!
NIO wave 3 formingNIO LONG
wave 3 seems to be one the way in alliance with equilateral triangles
also NIO wants to test the 100 dollar threshold
not financial advice
PTRA struggling to trade past 10.50 Proterra is a fast growing EV bus business that should keep revenue increasing for many years.The company, while young, seems to already be having a real impact, and their business model is solid.What is attracting many investors is the enormous size of the target addressable markets. For Proterra Powered the TAM is ~225 billion, and for Proterra Energy it is estimated at 37 billion. The markets are large enough to allow for a significant growth runway. With the infrastructure bill still as a looming catalyst, I expect PTRA to make a significant move higher before years end. We are currently seeing resistance around that $10.50 level, once we get the infrastructure bill passed which would allocate over 7B to EV busses we should see PTRA break that resistance level and shoot higher.
NIO Sprints Back into Growth Mode – No Regulatory Risk Thus FarNIO delivered 7,931 vehicles in July 2021, up 124.48% year-on-year, down 2% month-on-month.
● We estimate NIO's 2022 revenue to show the value of the stock.
● The methodology includes a car sales forecast and average selling prices.
● Our evaluation indicates that the stock is currently fairly priced.
● None of the currently acute regulatory risks apply to NIO.
Introduction
NIO, China's arguably most successful EV startup, saw an incredible performance both business-wise and in the capital market. More investors have joined the camp of those bullish about the electric car maker's prospects. In 2021, NIO has been solidifying a high premium profile in China, launching a new model, the ET7. NIO has also recently started shipping the ES8 to Norway, with global expansion ambitions. This article follows an approach similar to that we used in our latest Xpeng analysis, estimating the value of the stock based on its projected future sales performance.
Revenue estimation
In this section, we will project NIO's revenue by 2030 and use the 2022 figure to evaluate the stock's current investment potential. The revenue will be calculated by multiplying projected car deliveries with average selling prices.
The calculation of whole fleet (including ES6, EC6, ES8 and ET7) sales is based on a top-down methodology. It starts with a forecast of light vehicle sales in China. According to CAAM (link in Chinese), China's light-vehicle sales will hit 22.2 million in 2021. Under an assumption of slowing economic growth affecting the auto market, we estimate the growth rate will decline to 4% gradually. The market will reach 32.6 million in 2030.
Speaking of the market share, we assume NIO can reach 2.4% of the total market by 2030. It results from the fact that William Li, the founder of NIO, has aligned the company's goals with those of iconic brands like Mercedes Benz, BMW and Audi. We linearized that number and estimated NIO's 2022 market share and deliveries, which will account for 0.6% and 152,066 units, respectively.
To calculate the revenue, we also need to project the average selling price (ASP). Historically, NIO's ASP has been declining as new models have been rolled out. This trend will continue, whereas we think the ASP will remain higher than CNY 300,00 per vehicle. We set a declining rate for ASP calculation, from -2% in 2021 to -0.5% in 2030. The ASP in 2022 will be CNY 328,000.
Per this projection, NIO's 2022 vehicle sales will be CNY 50 billion. Apart from car sales, NIO also generates revenue from selling charging facilities and related services, data, insurance and merchandise. These segments have correlated to vehicle sales and shown a faster growth pace. Thus, we project a slightly increasing percentage of revenue from selling them. In 2020, the number was 6%, and we allocated 7% and 9% for 2022 and 2030, respectively.
In total, NIO is expected to make CNY 53.5 billion (USD 8 billion) in revenue in 2022. Similar to our Xpeng analysis, we multiplied NIO's PS ratio in 2022 by nine (referring to the Street's average expectations). Its fair market capitalization target is thereby around USD 74 billion.
Risks
NIO has recently been indirectly involved in the regulatory crackdown-related narrative. We think investors' massive selling may insignificantly hurt the company's business. To specify all the possible risks, we summarize all the incidents concerning Chinese concept stocks within this year.
The antitrust and other new regulations are the key obstacle imposed by the central government. Some famous 'victim' cases include Tencent Music's copyrights, Alibaba's 'pick one from two' strategy and Meituan's rider employment and other issues. Obviously, the NEV market in China is still in its infancy (compared with ICE cars). NIO is certainly not a monopoly.
Data/cybersecurity concerns are also not suitable for NIO. In early July 2021, it was reported that Didi Global had illegally collected users' personal data. Clearly, the ride-hailing giant possesses huge chunks of users' travel information. However, NIO is also collecting data that seems less significant than important route data handled by legitimate third-party providers like map products of Baidu and the likes of AutoNavi.
NIO and its peers won't see anything like what happened to the country's edtech industry either: the central government, which is ''seeking to decrease workloads for students and overhaul a sector that has been 'hijacked by capital,'" is rather interested in the nationwide EV adoption.
In short, NIO, much like any local EV maker, is not exposed to these major risks.
Apart from regulatory risk, supply chain issues are worth discussing. The issues seem to remain controllable, but investors need to keep eyes on them – the component shortage will be a hot topic in the upcoming Q2 earnings calls.
Conclusion
Among Chinese concept stocks, NIO is a company with a solid product line, growing sales and great prospects. The stock has gone down and has remained volatile since the beginning of 2021. Suffering from the chip shortage, it is currently fairly priced. And is well set to gain more in the following quarters.
For the full article with the charts, please visit the original link.
NIO closing on top of the 20 day SMA, could fill 20% gap UPNIO closing on top of the 20 day SMA, could fill 20% gap UP
EMAs trying to punch thru the 20 day SMA and breakout
Recently announced promising earnings and deliveries are up 125% year over year for July
Tesla is also trying to breakout upwards, and can help boost $NIO as EV hype returns
First sell at $50.50, Second at $52 or overbought RSI
Li Auto Inc. Delivered Record 8,589 Units in JulyLi Auto added more than 10,000 orders in June, a record high, the company previously said.
Li Auto delivered 8,589 units of the Li ONE in July, the first time deliveries exceeded 8,000 units in a single month, up 251.3 percent year-over-year and 11.4 percent from June.
Li Auto currently has only one model, the Li ONE, on sale, with total deliveries of 38,743 units in the first seven months of the year, bringing cumulative deliveries to date to 72,340 units, according to data released by the company on Sunday.
"Before the end of the year, we will also launch a heavy-weight OTA upgrade that will take Li ONE's competitiveness to a whole new level," said Li Auto co-founder and president Shen Yannan.
Li Auto's direct retail system construction is accelerating, with plans to have 200 direct retail centers covering more than 100 cities in China by the end of 2021, the company said.
As of July 31, Li Auto had 109 retail centers in China, covering 67 cities, and 176 after-sales repair centers and authorized sheet metal spraying centers, covering 134 cities.
Li Auto released the 2021 Li ONE on May 25 with a starting price of CNY 338,000 (USD 52,300), CNY 10,000 higher than the previous version. Deliveries of the new Li ONE began on June 1.
Notably, despite the popularity of the 2021 Li ONE, owners are now beginning to complain about problems with the vehicle.
Several Weibo users have recently reported that their Li ONE vehicles are making unusual noises at high speeds, suspected to be emitted by the generator.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
TSLA 1 Year Fib Retracement Levels In TactThe 1-year breakdown on the TSLA chart shows that the Fib levels remain consistent for the most part. This current level around the 382 fib line has been a decent support shelf over the last 12 months. It tested the 50 Fib a few weeks ago, which held as the retracement ended up bouncing back to where it's at right now. I'd like to see more volume, though. But something tells me that without an industry catalyst, it might tread water here for a minute. More importantly, we'll get to see what Q2 performance figures look like next week. Tesla just announced:
"Tesla will post its financial results for the second quarter of 2021 after market close on Monday, July 26, 2021. At that time, Tesla will issue a brief advisory containing a link to the Q2 2021 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook."
Depending on the outcome, it could be something to keep track of for the broader EV space including some of those "lovely" EV penny stocks .
TAIG -- Off-road EV manufacturer; Cup & Handle breakout on newsA *major* sleeper in the #EV #renewables space!
- $290M mkt cap
- Raised $100M in April at $15 with no warrants
- $185M cash
- Extra $50M in govt subsidies
- $23 price target from Canaccord
- Cup & Handle breakout
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Taiga Announces $50M in Government Support for Electric Vehicle and Battery Assembly Facility
SHAWINIGAN, QC, July 12, 2021 /CNW/ - Taiga Motors Corporation ("Taiga") (TSX: TAIG), a leading manufacturer of electric off-road vehicles announced today the raise of a combined $50M in support of the Shawinigan Mass-Production Assembly Facility.
- $50M in combined support from federal, provincial and municipal governments of Taiga's Mass-Production Facility for electric snowmobiles, watercrafts, battery packs and powertrain systems in Shawinigan, Quebec.
- Utilizing cutting-edge technology, the most advanced high-volume electric powersport production facility in the world is expected to begin operations in second half of 2022.
- Once fully operational, the facility will have an annual production capacity of up to 80,000 units and 3 gigawatt-hours in battery pack and module production.
Simple Support/Resistance Levels ADOMADOM has been a fun stock to watch. It finally tested its lower support level a few weeks ago. Now it's approaching another pivot point on the chart that has been support and resistance. It will be interesting to see if we get another boost to EV stocks again before the end of the month.
"On July 7th, Envirotech received a $400,000 purchase order from Joseph Holdings for five vehicles. CEO Phillip Oldridge said, 'This order is a promising start to our FAR relationship with Joseph Holdings and we’re pleased to have this opportunity to begin providing our innovative, high-quality, conventional and special purposed electric vehicles to the Caribbean market.' The past one-month of momentum with ADOM stock has been high to say the least. On June 10th, ADOM’s stock price was at $0.25 per share on average. Now on July 9th, the company’s stock price is over $0.38 per share. ADOM’s volume is also much higher than its market average right now. There are a few possible explanations for this. The market for electric vehicles is rapidly growing at the moment. We’ve all seen how companies like Tesla Inc. ( TSLA ) have gone up significantly in the past year or so. This momentum affects smaller EV companies like Envirotech as well. Whether this makes ADOM a part of your watchlist right now, is up to you."
Quote Source: 7 Industry Leading Penny Stocks To Watch in July 2021
$NIO Feeling For Support $48.50Video update on $NIO after a significant pullback last week! Where is support?
VMC - Fundamentally strong EV play on the verge of breakoutVMC is trading at 1x sales with pending NASDAQ uplisting. A rare combination of strong fundamentals and bullish technical setup. Current selling pressure is due to warrants which expire on June 18th.
Bullish biased Inverse Head & Shoulders or Cup & Handle, whichever you prefer. Bollinger Squeeze. Could see a big move soon, IMO.
SGBX Building Blocks For Which Direction?SGBX has had a great run so far, can't argue with that. But now that volume is a bit lighter, is it building blocks for new highs or for a failure at resistance again? The .50 Fib line has been a relatively consistent area of resistance over the last few weeks. Meanwhile, .618 seems to be an area that SGBX has bounced from after a pullback. As it approaches the 50 again, volume could play a key role. Also, any industry influence may be something to pay attention to as well. For instance, it has exposure to several popular niches including EV:
"SG and Blink Charging Co. (NASDAQ: BLNK), an owner/operator of EV charging equipment and services, entered into an exclusive Master Development and Production Agreement last year. Blink’s EV charging solutions will be deployed along with SG Blocks’ container-based modular building structures. Essentially, the two will create EV charging containers providing charging solutions for EV drivers. While this isn’t the only industry SG focuses on, it does give them some exposure to one of the newer tech niches to watch in 2021."
I think as this continues to consolidate, the $5.70 area may be the closest to pay attention to for it to either break and hold above or fail. Also, depending on the volume (and it isn't on the chart right now), the 50DMA is starting to curl up toward the 200DMA. Volume would need to pick up to confirm any possible golden cross however. We'll see what happens.
Quote Source: Best Penny Stocks To Watch If You Like Tech? 7 For Your List In 2021
XPEV ready to to charge ahead?An EV maker specialises in SUVs and four-door sports sedan. Recently the stock is making a come back from the break down in Feb 2021.
Since 13 May 2021, XPEV price bottom at $22.72 and has never look back. Currently it is attempting to break out of the range between $37 and $46.
The last few days' volume were higher than regular, but price stayed above $40 support. If this continues, next target will be $46, $51 and $60.
Nearest support is $37 or $33.
Channel Trading On Idex50 and 382 Fibs holding the channel right now for IDEX . Lower limit still holding as "safety net support" but would like to see much more volume here. There's a lot more discussion about EV so maybe that helps. Also seeing a discussion about things like this:
"Ahead of a new advancement, IDEX stock is moving up in the market. On June 14th Ideanomics announced that it has acquired U.S. EV tractor company Solectrac. It acquired the remaining 78.6% of the company which gives it a more than majority ownership. While many think of electric cars as the main source of a sustainable future, few consider the major agriculture industries’ use of fossil fuels. And, many farmers spend the majority of their operating costs on fuel for their vehicles. So, to transition to electric would be major for this industry."
Quote Source: 4 Penny Stocks to Watch Following the Fed Meeting and Powell’s Remarks
$NIO DAILY WEDGE BREAKOUT (UPDATE) 4/22Video update on the last video i posted on NIO
We went for that third bounce of support and finally breaking downtrend yesterday. Currently a flag in premarket we will be watching this one today for continuation. Previous breakdown below
