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Pacific Gas & Electric Price Prediction for Second Half of 2021***THIS IS NOT FINANCIAL ADVISE. DO YOU OWN RESEARCH AND FORM YOUR OWN CONCLUSIONS.*** Historical Preface: Having just come off an update on policy from a (un-surprisingly) hawkish federal reserve, it's been said that rates are unlikely to rise precipitously until 2023. The news of unlikely tapering sent many of the utilities stocks into a sharp short-term decline. I do predict these severe declines to be short term and utilities ($PCG included) will soon return to their established trends. For PG&E, the established trend is bearish. Prediction: My prediction for the remainder of the summer is the stock will likely struggle downward until it finds strong support around $9.00-$9.05 (see trended chart below). This downward pressure is a result of investors seeking ever higher returns in more speculative sectors throughout the summer. The less "sexy" sectors (Energy and Utilities) will likely languish until Fall. I also think the perception of Utilities has suffered since PG&E's and ERCOT's most recent gaffs; deserved or otherwise. ESG minded investors are avoiding these equities on a principled basis rather than financial. I anticipate this trend to eventually fade. I will continue to add to my position at the $9.25-$9.30. Once a new strong support level is found I expect a quick, multi-week bull run to $15.00 during the last part of the year. I don't foresee prices exceeding $20.00 in 2021. Pervasive Risks: The location of PG&E's service area remains its biggest and most obvious risk. Most will cite the indebtedness as PG&E's largest negative mark but I don't consider this the case since the debt structure is understood and the re-payment plan is well defined. PG&E's location in California's most arid region will dominate the future risk of investing with this company. Obviously, there's little PG&E can do to rectify the issues introduced within its service area. These same challenges would be faced by any utility who exists in this location and the service outcomes would likely be the same. But, the companies leaders are taking steps to better alleviate concerns of future wildfire liabilities. Future Confidence: I like that PG&E understands its locational challenges and is working to mitigate them. Though I work in the Electrical utility industry, I don't know how the problems posed can be easily or cheaply addressed beyond better maintenance programs. PG&E seems to understand their position on that front is fragile and they need help finding other ways to meet their challenges; even if they don't understand what those challenges precisely are or how to mitigate them. This makes the close work they're doing with Palantir a very bullish indicator of PG&E's future success. Final Remarks: I remain very bullish in the long term.
NYSE:PCGLong
by forever_green
NIO Pullback Over? [LONG]NIO had a rough start to the week on Monday as did many Asian equities. But somehow it appears that NIO could be on the brink of a successful back test of a key support area that could hold as the key to NIO running to higher prices in the future and sustaining it. Keep an eye on the open tomorrow morning. If price opens above $39.27, this could be a great entry for a long. Anything below this price level instantly flips this asset to bearish as shorting would again be the most attractive bet for the foreseeable future. A break and confirmed daily candle close below $39.27 would be a violation of the .236 fibonacci level, and that could insinuate price action to downside for a retest of the previous swing low at $30.71. The risk/reward on this at the moment is perfect however, as we are nearly exactly at our support. So stop losses can be a little loose due to the room for error we now have. Again, most of this will depend on where NIO price is at come opening bell. Should this $39.27 level hold, we could be looking at a 13% move to our first target at $55.57. Ultimately, a move back to the all time high, which represents X of this retracement, makes this a potential 70% profit trade.
NYSE:NIOLong
by TradeVibez
XPEV price targetsEven though i consider XPEV to be the real Tesla of China, because of the cheaper cars and the technology "stolen" from Tesla, i still think it will revisit the 29usd support short term. Remember that this is not a profitable company and is still dependent on raising capital for its cars. in 2020 XPEV revenue was 5.84B, but the Earnings were negative, -2.73B. They also missed the Q3 and Q4 earnings estimates last year. Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks! ARK Invest dumps Chinese stocks. It seems dangerous to hold Chinese stocks right now. US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted. This looks like the beginning of China`s stock market crash. I`m looking forward to read your opinion about this!
NYSE:XPEVShort
by TopgOptions
9
Tesla ConsolidationI am neutral at the moment on Tesla but overall I am bullish on it medium-term as much momentum has been regained since its correction all the way down to $539. The area of interest for me will be the $700 price level. A breakout and confirmed weekly close above this price would be the next signal for a long on TSLA. On the flipside, a pull back could be in store for the asset back down to the 21 moving average since it appears that the price was aggressively rejected at the $700 price. So to reiterate, we are waiting on a breakout and confirmation of the $700 level before taking an entry. If you got in at the sub $600 levels, congrats. You may want to consider taking some profits and looking to possibly add to your position again should we drop or breakout above $700.
NASDAQ:TSLA
by TradeVibez
$TSLA as neutral as it gets*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Elon Musk: "Tesla has diamond hands" $TSLA is one of the top most talked about and traded stocks right now. Its staggering growth within the past two years is evidence of its potential, but regardless $TSLA was long overdue for a correction at some point. $TSLA now sits at $618.45 per share after correcting from its 52-week high of $900.4. My team has analyzed the financial sheets of numerous companies, large and small, but only few have matched the absolute beauty that $TSLA really is behind the scenes. Not to mention the fact that $TSLA is so much further ahead with their electric vehicles and self-driving technology than the likes of competitors such as Ford, Toyota, GM, and even Nio. My team is patiently waiting for $TSLA to breakout from the triangle on our chart. We believe in our hearts that $TSLA will continue to be a dominant player in the market long-term, but sometimes believing just isn't enough. So for now we remain neutral on the sidelines. Our patience will be rewarded... If you would like to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:TSLA
by SimplyShowMeTheMoney
2
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
I
by PennyStocks101
2
$CHPT possible pull back soon*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish momentums. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21. $CHPT currently sits at $31.41 per share. For those of you who remember our original take profit on $CHPT was $31 because we suspected a resistance around the $32-33 price zone. For that reason alone, we do not think its wise to average up or enter right now until further notice. My team plans to average up one last time on $CHPT if the opportunity presents itself, but in the meantime we plan to sit back and enjoy how deep in profits we're now on this trade. If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:CHPTLong
by SimplyShowMeTheMoney
Ford is a great long term holdFord has survived through everything for hundreds of years. They are one of the longest surviving companies out there and are still doing great! With the new CEO Jim Farley they are undoubtedly due to break out here soon and see new highs. Ford has completely changed their entire lineup to EV in a years time and have already proven these cars are capable to stand up to the competition. I am very bullish on Ford long term and I think they will continue to climb as the sales come in for the new EV lineup. There is also a new Ford Maverick being produced which will be a fully electric truck at around $20,000! Absolutely incredible. I have full faith in Ford to pull through in the race for electric vehicles as they always have. The stock is considerably undervalued currently and my price target is $25.
NYSE:FLong
by xLucky900