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FSR

WKHS will it rally 50% or fall below its ATL WKHS has been sideways or down since the bullrun in late February. Another EV small cap is nearing bankruptcy unless it finds a suitor ( FSR trying to attract Nissan) WKHS has a niche with its delivery trucks ( like for Amazon Prime and USPS). Is the concept to production hangups and slow downs going to cause its demise? Trader confidence is lacking or are traders simply waiting for the best possible price? Price is now about to match the all-imte lows of mid February. Will there be support or will it fall.? Dould WKHS dead cat bounce to rise to recent high pivots? This may be interesting and potentially profitable.
NASDAQ:WKHS
by AwesomeAvani
LCID has another falling wedge breakout LONGLCID is making its move while Fisker got halted and will be delisted. LCID has a rich uncle, a Saudi billionaire running the national wealth fund there. Fisker lost its suitor in Nissan and tried to raise cash by selling cars under cost. I would be afraid to buy a car from a company about to head into bankruptcy. Anyway, time to buy LCID for now, it has a vaccine against the contagion. I happen to be very fond of falling wedges especially when they repeat. My skills in Elliott Wave analysis are nil but this is one to analysis. In the meanwhile, it's a buy ( no I am not a fan of Jim Cramer.)
NASDAQ:LCIDLong
by AwesomeAvani
1
LCID's vwap bounced after pullback LONGLCID trended up 40% from late June and then over 2-3 days completed a standard Fib 0.5 retracement before bouncing off a longterm anchored mean VWAP and reversing. The reversal is supported by the two time frame RSI indicator showing the lower TF RSI crossing above the higher TF RSI and both of them approaching the 50 level. The zero lag MACD shows the lines crossed under the histogram and are now approaching the horizontal zero line. The relative rigor indicator shows a line cross while the values were negative and now approach to the horizontal zero line in parallel. Overall I conclude that LCID is set up for a long entry.
NASDAQ:LCIDLong
by AwesomeAvani
LCID rises from falling wedge on news from its rich uncleLCID got news that its rich uncle the Saudi Arabia Wealth Fund will be assisting in the manufacturing of large body parts moving forward (perhaps on the methodology of TSLA to just massive molds to efficiently do so and at a far lower cost). Shares pumped today on the news. Is it sustainable? Is there still time to buy a piece of the move? On the 120-minute chart, LCID was in a falling wedge or narrowing regression channel and broke out also on a day when other EV stocks made good moves. The MACD indicator as well as the dual TF RSI indicator in confirmation both show bullish momentum. The algo echo indicator ( by LuxAlgo) which looks back in time to find matching price action patterns and then predicts the near future move, shows a predicted move to 4.05. This is confluent with the POC line of the volume profile anchored back to November. From November 14 to December 6, price was range bound in consolidation around the 4.05 level. My call options for 2/16 @ $3.5 did 140% today unrealized. I will add $4.00 for 2/9 expiration and watch for the anticipated and predicted continuation.
NASDAQ:LCIDLong
by AwesomeAvani
3
LCID Long Trade Setup VWAP and Falling Wedge BreakoutsLCID on a 30 minute chart showed a falling wedge from mid-December to late January then with breakout which took it 30% in one and a half days. This was a previous idea. I believe the news catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price began another falling wedge pattern for one week. It then broke out for a 10 % move in a short time interval. The chart also demonstrates the bigger moves are centered around VWAP band lines where trading volume and volatility are the greatest. The relative volume and volatility indicators help emphasize this point. At this point, LCID may be turning down into another albeit smaller and lower-duration falling wedge and is well positioned for a brief short trade. The target would be the mean anchored VWAP at 3.25. For a better entry selection, a zoom into 3-10 minutes would be helpful
NASDAQ:LCIDShort
by AwesomeAvani
RIVN reverses to upside LONGIn my previous idea, RIVN was short from the highs. That position was closed today as RIVN fell below the target. I now based on this idea have a long position. RIVN's move the second half of today's session was supported by a strong bullish move in the general market from the federal financial data principally the jobs report. On the 15-minute chart, RIVN formed a head and shoulders from January 29-31. The previous trade was from the top of the right shoulder until this morning when RIVN was progressing through a double bottom which intraday formed a " W" or " reverse cowgirl " pattern. The bearish ( selling only ) volume profile shows high-volume nodes at 15.8 and 16.0 so these are my targets. Price is above the POC line of the volume profile which is a bullish bias. Price is currently near to the level of a standard Fibonacci retracement of the previous downtrend I will take a long trade with targets as mentioned. The ideal entry is at 15.62 above a bearish high-volume node. Additionally, I will take a call option striking 16 for February 9th. As an aside, FSR is presenting a similar chart pattern and set up at a much lower price point . However, as a penny stock FSR has higher volatilities and may represent a lower probability overall. A trader may want to take a small position in each and see how they do.
NASDAQ:RIVNLong
by AwesomeAvani
9
RIVN rises with LCID while FSR fails LONGRIVN popped today while FSR got halted and will be delisted. The 4H chart with BB and a predictive algo added suggest it has room to 13.25. The indicators are supportive of that forecast. I will take a long position here with a stop loss under the lower BB line. As to my FSR put options I will watch them rise until expiration time. No hurry. No worry there. RIVN's new models and FSR's demise should help for some bullish momentum until RIVN catches a bit of FSR''s issues.
NASDAQ:RIVNLong
by AwesomeAvani
NKLA can this EV penny stock stop the cash burn/ News LONGNKLA on the 120 minute chart has been in a falling wedge pattern and had the news of hydrogen stations ready to go in the all important California market and now printed a countertrend breakout over the wedge. Can Nikola stop the cash burn? Can it prevent further shareholder dilution? Is the board protecting the interests of shareholders ? While this gets figured out can price rise to the anchored mean VWAP and put in a 10% jump in the short term? I intend to find out.
NASDAQ:NKLALong
by AwesomeAvani
FSR- a risky penny stock long trade in the EV space LONGFSR has been mentioned as a bankruptcy candidate. It has been on a super trend down on reports that it does not have enough cash reserves to meet operating expenses and production quotas. However, any review of the chart in the past quarter shows that it is capable of counter trends where it suddenly gains 10 to 20% in market cap in a short period only to give it back in the aftermath. It is these countertrends that I have traded recently including late February and the earliest days of March. At present, FSR price is low in the recent high volume area of the profile and the Trend Strength Index is shows some volatility. The LuxAlgo predictive regression forecast is for higher price action in the near term. I will take a long trade here targeting first the trendline resistance of the falling wedge pattern and then the mean VWAP line if the breakout occurs. The trade is expectant for a 20-25% return in a few days consistent with a prior breakout. I will set a stop loss below the support trendline at 0.116 to decrease the risk while raising the stop loss upon reaching the upper trendline to 0.13. Call options for 4/19 will be entertained striking 0.50/
FLong
by AwesomeAvani
Fisker's Stock Plunges Amid Bankruptcy ConcernsThe electric vehicle industry has been a hotbed of innovation and competition, but for Fisker ( NYSE:FSR ), the journey has been fraught with challenges. As the company's stock plummeted more than 54% in after-hours trading, investors are left grappling with uncertainty about Fisker's future and its ability to weather the storm. Reports of Fisker ( NYSE:FSR ) exploring bankruptcy have sent shockwaves through the market, intensifying concerns about the company's financial viability. With the Wall Street Journal revealing that Fisker ( NYSE:FSR ) has hired restructuring advisers, speculation about the company's fate has reached fever pitch. Fisker's precarious financial situation was underscored in its fourth-quarter earnings report, where the company admitted to "substantial doubt" about its ability to continue operating. Despite efforts to secure additional funding and cut costs through layoffs, the specter of bankruptcy looms large over Fisker ( NYSE:FSR ). The company's unique business model, which involves outsourcing manufacturing to Magna for its Ocean electric SUV, has raised eyebrows among industry observers. While Magna's track record in vehicle production is well-established, Fisker's heavy reliance on a single model and external manufacturing could pose challenges in the long run. Moreover, Fisker's recent woes extend beyond financial troubles, as the company grapples with negative publicity surrounding its Ocean model. A scathing review from prominent YouTuber Marques Brownlee, branding the Ocean as "the Worst Car I've Ever Reviewed," has further dented Fisker's reputation and sent its stock plummeting. With Fisker's ( NYSE:FSR ) stock trading at a fraction of its former value, questions abound about the company's prospects for recovery. Founder Henrik Fisker's previous venture, Fisker ( NYSE:FSR ) Automotive, ended in bankruptcy in 2013, adding a layer of skepticism to the current situation. Despite these challenges, Fisker ( NYSE:FSR ) remains committed to delivering its Ocean SUV, with plans to ramp up deliveries in the coming year. However, the road ahead is fraught with uncertainty, and Fisker's ability to navigate these turbulent waters remains uncertain.
FShort
by DEXWireNews
FSR is driving to its earnings LONGFSR is shown here on a 30 minute chart on the move up in the approach to earnings on February 29th. For comparison purposes only TSLA is shown sideways with the purple line. FSR has started a VWAP band breakout into the area of the mean anchored VWAP where it could pick up institutionally based trader interest. The growing volumes of trading are obvious and lend further support to taking a position. I will long long here with both shares and options as a pre-earnings play. The call options for mid-March are $ 6.00 per contract.
FLong
by AwesomeAvani
8
Fisker's Potential Lifeline: Can Nissan Rescue the EV Maker?Fisker Inc. ( NYSE:FSR ), the embattled electric vehicle (EV) maker, is reportedly in talks with Nissan Motor Co. in a bid to secure a much-needed lifeline amidst liquidity challenges threatening its survival. The discussions come amid a backdrop of mounting pressure on Fisker ( NYSE:FSR ), marked by production issues, technical glitches, and disappointing earnings results. With the specter of a going-concern warning looming, Fisker CEO Henrik Fisker revealed the company's efforts to secure a capital infusion from a rival carmaker. This latest development underscores the precarious position faced by Fisker and reflects broader challenges within the EV market, characterized by slowing growth and uncertainties surrounding consumer demand. Nissan's potential investment of up to $400 million in Fisker's truck platform and the production of a planned pickup truck starting in 2026 offers a glimmer of hope for the struggling EV manufacturer. The prospect of collaboration with Nissan has helped to mitigate losses in Fisker's shares, which had plummeted by as much as 48% in early trading. However, Fisker's ( NYSE:FSR ) current financial woes remain a cause for concern. With reported cash reserves falling short of analyst estimates and doubts cast on its ability to sustain operations without additional funds, the company faces an uphill battle to secure its future. Despite challenges, Fisker ( NYSE:FSR ) remains optimistic about its prospects, citing approximately $500 million in vehicle and parts inventories and a projection of increased cash generation from current sales. Yet, the discrepancy between sales figures and analyst expectations, coupled with a modest delivery forecast for 2024, underscores the magnitude of the company's struggles. For Fisker ( NYSE:FSR ), the potential partnership with Nissan represents more than just a financial lifeline—it offers an opportunity for strategic collaboration and operational synergy. However, success hinges on the ability of both companies to navigate challenges and capitalize on shared strengths in the competitive EV landscape. As negotiations between Fisker ( NYSE:FSR ) and Nissan unfold, stakeholders in the EV industry will be closely monitoring developments, hopeful for a positive outcome that could reshape the trajectory of both companies. Amidst uncertainties, one thing remains clear: the fate of Fisker ( NYSE:FSR ) hangs in the balance, with its survival contingent on securing the support and resources necessary to weather the storm.
F
by DEXWireNews
1
FSR increasing volatility as earnings approach LONGFSR is on 15 minute chart. It has been in a down trend. However, as the earnings report due on Feburary 29th is near, trader interest has caused some buying volume spikes and upward price movement closing in a bull flag pattern after the squeeze indicator triggered several times and with the last a green histogram reflecting upward price action. The price-volume trend reversed bearish to bullish. I see this as a setup for a long trade of FSR into the earnings. In watching for an options setup I noted that the strike $0.50 same day expiration on 2/23 this past Friday went 0.03 to 0.12 nearly 375% while the same for 3/1 went 0.09 to 0.16 or about 75%. Al in all not matter shares or options, I see FSR as a set up for a long pre-earnings trade.
FLong
by AwesomeAvani
WKHS Short Interest Rose Dramatically a Week Ago LONGThe daily chart of short interest for WKHS rose 6X beginning a week ago. The level is 13X what it was in November. Coupled with the price action of today it is entirely plausible that shorts are liquidating quickly given today's 25% breakout. Buyng to cover getting synergized with new buyers could cause a trendline slope to escalate substantially morphing something more or less curvilinear into more of a parabolic fit to the " trajectory". So the questions are is this a short squeeze? How high of a price before the momentum slows or fails? Is it too late to get in? Are other penny stocks potentially behaving in a similar fashion right now? Is it even possible to short the shares of this penny stock or is it all put options covering 100 shares per each? This will be interesting for sure no matter how it plays out. I have doubled my position earlier today and it was not a small one. Once I see signs of consolidation, or some moving averages going flat towards a zero slope or a mass index indicator triggering. I will take a piece out for the realization of some profit and hold the rest for whatever the next more might be. I think the first sign that a squeeze is underway if for the tremendous short interest volume to waterfall off a cliff.
WLong
by AwesomeAvani
Can FSR move higher? LONGFSR on the one hour chart fell from a triple top in mid July into the lower range of the volume profile's high volume area then bounced higher in a series of higher highs but then rolled over and fell again/ It has consolidated sideways about that POC line and now is above it. The indicators including Directional Index Zero Lag MACD and dual time frame RSI all indicate a return to bullish momentum. I will take a long trade the horizontal levels on the chart served as tiered targets for a risk managed trade. I will take some call options contracts as well. I think FSR may follow the market leader in TSLA for a bit.
FLong
by AwesomeAvani
FSR finished the week strong LONGFSR on the 15 minute chart in previous price action fell from a triple top on January 30th and then put in a double bottom Friday morning 2/2 and rose to finish out the day with a strong engulfing green candle. Nearby above are targets at 0.835, 0. 873 and 0. 915 based on the Fibonacci levels and also bearish high-volume nodes on the bearish-only volume profile and the triple top. I see this as a long trade setup which may do well next week if there is not a correction in the general market. A stop loss of 2% should take that potential loss low while allowing for an average upside of 8-9% making it overall a modest and safe trade For even more safety, the trade could be delayed until price gets over the Fib level at 0.84 while at the same time diminishing the upside.
FLong
by AwesomeAvani
RIVN a short entry on the rejection by VWAP SHORTPIVN on the 15-minute chart was trading up against the dominant supertrend from last Thursday. Mid-morning price hit the resistance of the intermediate term mean anchored VWAP and reversed as suggested yesterday by the bearish divergence on the zero-lag MACD. Tomorrow is federal news which could increase general market volatility. I see a short trade targeting 15.25 in the area of the bottom of two-volume profiles anchored back 2 weeks. The stop loss is 15.9 at the highs of nearby candle wicks. Once the the move gets underway, those already in long positions may close to take profit and add into any short selling underway.
NASDAQ:RIVNShort
by AwesomeAvani
LCID SHORT on VWAP rejecting price rise.In my previous idea of January 29, I bought LCID as it broke out of a falling wedge on news from Saudi Arabia fixing supply chain and production issues for body parts. LCID ascended the following day to fall down on rejection from the mean VWAP band line anchored in mid- December. On the 4H chart, another smaller and more condensed falling wedge is found and price is moving down toward the one standard deviation line below the mean VWAP ( the jagged blue line ) which is now horizontal. The last candle is red and narrow bodied. It is near the top of the channel. Trade plan- I will short LCID here and add to the position each time price returns to the top of the channel as monitored on a lower time frame such as 15-45 minutes. I will watch for a reversal of the down-trending lines of the zero-lag MACD and a cross at the bottom. Similarly for the RSI indicator and its green fast and red slow line in the range of RSI value of 20-35. Likewise, if price rises above the channel in an early breakout, the trade is over as the downtrend is correcting again. If the price were to break resistance of the mean VWAP zone, this would represent a break of the down supertrend and could cause a bit of a short squeeze to get underway. If I see that, I will get into a long position with more position size as it could become lucrative.
NASDAQ:LCIDShort
by AwesomeAvani
Fisker $FSR : Buying zone for a speculator?Technical Analysis: Buying Zone for a Speculator! No reversal volume yet, and no previous higher levels have been regained... All my technical analysis is still telling me to wait... however, my slightly 'irrational' emotions are urging me to take a position here and now, haha. Planning to invest 30% of the desired capital in $FSR... another 40% once we enter the 0.93 zone... If the price explodes upward, at least I'll already be in position. If the price falls further, I can DCA (Dollar-Cost Average) on the initial 30% already invested here. I don't like the look of the current chart at all; however, the EV speculative bubble will return, much like the current semiconductor bubble. By 2030, most cars will be clean energy vehicles. By 2035, the first EVs using only recycled cobalt will roll out of Northvolt's factories in Sweden. In short, all of this to say, EVs are the future. Buying today in NASDAQ:TSLA NYSE:FSR NASDAQ:LCID NASDAQ:RIVN NASDAQ:PSNY is like buying NASDAQ:AAPL NASDAQ:MSFT in 1999. I'm not joking. Don't listen to the skeptics and have confidence.
FLong
by Maximus20000
2
Stop buying the dip without careful consideration... Stop buying the dip. You won't be rewarded. It has been exactly 85 days, 58 market opening sessions, that the stock has been continuously plummeting, non-stop, with an 82% decline, without once regaining any previous high. When I mention levels, I mean a previous peak. Start buying when one of my levels: short attack or imbalance, is regained. No need to rush. Billionaires control this market. They are the ones who decide. Good luck !
F
by Maximus20000
3
Fisker's Resilience and Promising Deliveries Signal a Strong BuyFisker Inc. (NYSE: NYSE:FSR ), a company that has shown remarkable resilience and positive momentum in the face of challenging market conditions. Despite a turbulent year that saw a significant decline in stock value, recent developments and impressive 2023 delivery figures suggest that Fisker is on a path to recovery and growth. Breaking the Falling Trend: Fisker A, the automotive company's stock, has recently broken the falling trend channel in the medium long term. While this initially signaled a stronger falling rate, the emergence of positive developments, especially in the delivery numbers, indicates a potential turnaround. Investors should consider the possibility of corrections in the short term, making it an opportune moment to enter the market. Ascending Triangle and Continuation of the Current Trend: NYSE:FSR reveals the formation of an Ascending Triangle, a bullish pattern indicating a potential continuation of the current upward trend. This pattern, coupled with the recent surge in stock value, suggests that Fisker is poised for further gains. Investors keen on riding the momentum of a growing trend should take note of this encouraging sign. Impressive 2023 Delivery Figures: One of the key catalysts driving Fisker's recent stock surge is the remarkable performance in vehicle deliveries. The company announced that it delivered 4,700 vehicles in 2023, marking its first year of making deliveries. Notably, the fourth quarter saw a staggering 300% increase in deliveries compared to the previous quarter. These robust figures reflect the company's ability to meet demand and capitalize on the growing interest in its products. Global Expansion and Customer Loyalty Program: Fisker's expansion into Canada and the U.K. further underscores its commitment to international growth. The company's strategic move to deliver vehicles in these markets signifies a broader customer base and increased market share. Additionally, the upgraded loyalty program aims to enhance the customer experience, offering existing and potential buyers enticing benefits such as charging credits, free tire replacements, and extended warranties. Analyst Outlook and Potential Upside: Despite Fisker's stock losing nearly 75% of its value over the year and being 93% off its all-time high, recent positive developments have caught the attention of analysts. With shares up 21.9% in the last week of 2023, Fisker's trajectory suggests a potential upside for investors. Analysts may view this as a strong buy opportunity, especially considering the company's efforts to address customer concerns and boost loyalty. Fisker's recent turnaround, robust delivery numbers, global expansion, and customer-centric initiatives make it a compelling choice for investors seeking a potential winner in the stock market. While acknowledging the challenges faced in 2023, the company's resilience and strategic moves position it favorably for future growth. Investors looking to capitalize on a promising opportunity in the automotive sector should consider Fisker Inc. as a strong buy, anticipating a continued upward trajectory in the coming months.
FLong
by DEXWireNews