In my opinion, long-term short sellers should have closed their NASDAQ:PSNY is attempting to break the descending trendline.
Positive divergence with RSI or MACD is a good sign...
When $3.20
When $4.00 ?????
Psny
PSNY Don't be too bearish at this levelPerhaps I am completely naive, almost certainly, lol... in my opinion, a bullish movement is about to happen soon. To at least attempt to reach the resistance at $3.19. Surely the short sellers will take new positions. Each phase of bullish consolidation or distribution (depending on our perspective) has lasted about 90-95 days.
But for me, we are currently in a massive "bullish" pattern that will try to break to the upside...
Worst scenario? Or perhaps, the stock will lose steam, doze off, and slowly fade away over the next 12-18 months...
PSNY: First buy signal. With Supertrend Indicator1. First buy signal with supertrend indicator
2. Gap to fill around $3.00 to $3.12 (Thanks to Barclays downgrade :S )
3. Second gap to fill (Wall Street dropped the stock after last earnings/results)
Before buying a few hundred or thousand shares, I'll wait for a consolidation of about 5-10 days, and especially for the EMA 9/20 to cross on the daily chart. Too many times we've been caught buying too early or not waiting long enough.
And if, by any chance, Wall Street decides to push the price up by +50%, I'm already on the train with thousands and thousands of shares... lol 🚀💰
PSNY PolestarPSNY has a Market Cap of $5.29 Billion and Revenue in 2023 (TTM) of $2.65 B.
Yet, the stock just keeps on plummeting... again and again and again... 😔📉
If we rely on Fibonacci levels, the last support could potentially be around $2.20. 📊
PSNY Polestar Forecast: 2nd Quarter 2023 Results & DevelopmentsPSNY Stock Forecast: Second Quarter 2023 Results and Recent Developments
Delivered 27,841 vehicles by June, aiming for 60–70k deliveries in 2023: Polestar delivered nearly 28,000 vehicles by June and has ambitious plans to deliver between 60,000 to 70,000 vehicles in the entire year of 2023.
Q2 saw 15,765 vehicle deliveries, a 36% YoY increase: In the second quarter (Q2), Polestar delivered 15,765 vehicles, which is 36% more than what they delivered during the same period the previous year, indicating growth.
Established a strategic joint venture with tech company Xingji Meizu Group: Polestar formed a significant partnership with Xingji Meizu Group, a technology company, to collaborate on their electric vehicle (EV) initiatives.
Focused on expanding in the Chinese EV market: Polestar is actively working to grow its presence in the Chinese market for electric vehicles (EVs) and is taking steps to strengthen its offerings there.
Upgraded Polestar 2 deliveries, achieving a production milestone of 150,000: Polestar improved its Polestar 2 model and has successfully produced 150,000 of these vehicles.
Enhanced Polestar 2 with better software, extended range (up to 650 km), and faster charging (up to 205 KW): The Polestar 2 received upgrades including improved software, a longer driving range of up to 650 kilometers, and faster charging capabilities up to 205 kilowatts.
Adopted the North American Charging Standard for new vehicles in North America starting in 2025: Starting in 2025, all new Polestar vehicles sold in North America will come equipped with charging ports that adhere to the North American Charging Standard.
Achieved $1.2 billion in revenue in the first half of 2023, driven by strong Polestar 2 sales: Polestar earned $1.2 billion in revenue during the first half of 2023, with a significant contribution coming from the successful sales of their Polestar 2 model.
Introduced Polestar 3 and Polestar 5 at Goodwood Festival of Speed with impressive power outputs: At the Goodwood Festival of Speed, Polestar unveiled the Polestar 3 and Polestar 5 models, both of which have powerful engines.
Reduced carbon footprint by 3 tons per car since the start of Polestar 2 deliveries in 2020: Polestar has made significant environmental progress by reducing the carbon emissions associated with the production of each Polestar 2 car by 3 tons since they began delivering these vehicles in 2020.
Collaborating with Mobileye on autonomous driving technology for Polestar 4: Polestar is working in partnership with Mobileye to incorporate autonomous driving technology into their upcoming Polestar 4 model.
Anticipate initial Polestar 4 deliveries in China before the end of 2023: Polestar expects to start delivering the Polestar 4 in China by the conclusion of 2023.
PSNY Giant Falling Wedge (reversal) Weekly & DailyFalling Wedge Pattern for PSNY chart, Polestar
In this chart analysis, it's evident that there's a potential buying opportunity if we manage to reclaim the indicated level (previous gap after Earnings). This could take 30 to 45 days, as institutional investors are not very interested in buying this stock.
However, it's crucial to exercise caution and patience, especially considering the need for a CMF (Chaikin Money Flow) reversal within the green zone.
While there's a possibility of a lower buy-in, it's important to remember that there are no guarantees of a bounce at this stage.
Traders should keep a close eye on CMF indicators to confirm a favorable entry point before taking action.
In addition, is there a potential positive divergence in the PPO (in formation)
PSNY. Accumulation zone in the red rectangle?The stock dropped more than -10% after the financial results were announced. Typically, it takes the stock more than 30 days to recover its price.
1. Will institutional investors be ready to defend the price in this zone?
2. Will Elon and NASDAQ:TSLA put further pressure on other manufacturers with their price war?
3. The green rectangles, resistance, will be potential targets if the stock regains strength.
4. All investors are waiting for Polestar 4 and 3 to go into production. These 2 models will be a challenge for the company's future over the next 12-18 months.
PSNY Polestar EV Sector Penny Stock LONGPSNY ( www.nasdaq.com
production-race) as a niche EV manufacturer has a production schedule which rivals
LCID, RIVN FSR and others. On the 15 minute chart shows the trend down of price and
then a reversal deep in the undervalued and oversold area of the lower VWAP bands.
The MACD shows lines crossed and then ascending crossing over the zero line and
positive histogram. The dual time frame has consistent information with rising RS shown
in both time frames. Price has crossed over the POC line of the volume profile suggesting
buyers have predominated. I will take a long trade here targeting first VWAP at 4.55 and
then 4.75 the level of the double top of July 18/19 with a stop loss below the POC line
at 4.32 the stop loss of a dime compares with the profit potential as analyzed.
GOEV a niche EV manufacturer LONGGOEV does not compete with TSLA. It makes special use electric vehicles
including a NASA contract apparently for vehicles to be used upon the return
to moon exploration. As a penny stock, GEOV has weak fundamentals
coupled with high trader and investor interest. Large capital institutions
have a predominant portion of the shares.
On the 15 minute chart. GOEV trended up from July 14th to Ju;y 19th and
then down to about the same price as before then trend. This was a range
of 50% demonstrating the typical high volatility of penny stocks. Based on
a set of anchored VWAP bands originating in mid- April, GOEV is currently
near the mean long multi-session VWAP. Since many shares are held by
institutions this is a price level where trading volume and volatility are
expected.
I will take a long trade here. The stop loss is the recent swing low at $0.59
with a target at $0.737 just below the POC line of the related
volume profile from an entry-by-limit order at $0.613 making for a projected
profit of 20% with a much lower risk. For chartists who follow chart patterns,
in the interval under analysis, GOEV fell from a head and shoulders pattern.
My target is the neckline of that pattern.
GOEV benefits from the general interest and trading volumes in the EV sector
at large as well as its niche with little competition.
GOEV pulled back and is re-entry ready LONGGOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled
back for two day before a huge momentous move up on Friday July 7th. where it moved
from the support of the mean VWAPs anchored in mid June into overbought territory
two standard deviations above that level. On Monday July 10, price dropped precipitiously
back to those mean anchored VWAPs. The past day was marked by sideways consolidation.
The volume profile shows the heaviest trading volume at just below the VWAPs which is
cross-validating. The Chris Moody MTF RSI indicator shows the lower TF RSI in the past day
has crossed above 50 and now at 60 meeting the higher TF RSI. The zero-lag MACD has the
lines crossing over the zero horizontal line and parallel suggesting a bullish continuation.
Overall, I see a long trade setup with possible significant price movement anticipated perhaps
in the range of 20% targeting the pivot high last Friday.
PSNY a niche EV manufacturer penny stock LONGPSNY has seen a price rise of 30 % in the past month. This specialty EV manufacturer
does not compete with TSLA but only perhaps ARVL also based in the UK.
The 2H chart is quite healthy. Price broke out above the mean VWAP anchored to the beginning
of the year on July 3rd and is now approaching one standard deviation above that. The MTF
RSI shows both the one hour and daily RSIs crossed over 50 the same day. On the MACD
indicator the K and D lines crossed confluent with the horizontal zero line. Signs of bullish
momentum found, I will take a long trade targeting 25% of upside at $6.00 which is the double
top on January 31/ Feb 1 as well as three standard deviations above the mean aVWAP.
PSNY Polestar EV Startup Can it Rise from Bottom?PSNY ( Polestar) has dropped to its lows after an earnings report which shown it still has no
cash flow but at least the losses are less than projected by the analysts. On the chart zoomed
out, price is in megaphone pattern which demonstrates increasing volatility. Price is at the
bottom support trendline and one standard deviation below the anchored VWAP. This suggests
15% upside in the immediate short term. Price action is starting to resemble that of Fisker
(FSR) . I see this as a risky swing long trade as price tries to rise to the VWAP and POC line
of the volume profile. ( PSNY is in better shape than NKLA and RIDE but not by a whole lot )
I would be very reluctant to make an investment in Polestar but happy to play the volatility
for profit.
PSNY: DIVERGENCE / CALLS FOR MAY / US TOUR CATALYST / EV GROWTH DESCRIPTION: The following chart is an micro analysis based of technicals & current PSNY US TOUR that can soon prove to be a bullish catalyst for the next big bounce.
POINTS:
1. Deviation between Supply & Demand Pockets remains at 1.50.
2. $3.25 is CRUCIAL SUPPORT THAT MUST HOLD.
3. Break past $4.00 threshold by April 19th is necessary for bullish case to take place.
INDICATORS: In regard to indicators RSI is showing strong divergence on the 4HR Timeframe which has been indicative of a sudden bullish reaction in the past when price action has ben in a consolidating phase. An important level to watch when it comes to MACD would be -0.5 currently MACD is close to crossing over but needs to stay above to further validate play.
SCENARIO #1: In a BULLISH scenario we come to see price action break past the $4.00 threshold by at least April 19th.
SCENARIO #2: In a BEARISH scenario we lose CRUCIAL SUPPORT of $3.25 & see a continuation of bearish price action too $2.50.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
NIO: CHART UPDATE / RSI CYCLES / MACDIVERGENCE / FULL BREAKDOWNDESCRIPTION: In the chart above I have provided a Semi-Macro analysis of NIO. As previous chart setup became invalidated with the decline of Price Action a strong support was confirmed at 8.50 Points, the same Support that gave way to further uptrend when touched on Oct 25th 2022. Despite invalidation of past Chart Setup CYCLE ESTIMATION was fairly accurate.
POINTS:
1. Deviation of 2.50 Points between Supply & Demand Channels remains the same.
2. Current Trend: Sideways Consolidation
3. Price Prediction: 13 Points by March 31st & will serve as another attempt to breaking upper level of 14.50 Points.
4. TIMEFRAME for 5th CYCLE PREDICTION was drawn out by utilizing the mean average of the past 4, RSI agrees with these cycles of Buying & Selling Pressure.
IMPORTANT: RSI needs pullback & is EXTREMELY IMPORTANT Price Action holds above 9.50 Points or at the very least lingers above 9 Points in SUPPLY POCKET.
RSI: RSI has completed another cycle by reaching OVERSOLD TERRITORY in the 30 RANGE & is Breaking Trend.
MACD: Faster moving average on MACD has confirmed current uptrend on Price Action. Next step would be to see MACD flip & surpass Median level to the upside. (Most crucial indicator in this scenario)
SCENARIO #1: In a Bullish scenario Price Action holds above 9 Points or 9.50 preferably for some consolidation & follows cycle with an eventual break of 12 Points making way for a test at 14.50 Points.
SCENARIO #2: In a Bearish scenario Price Action deviates from cycle and decides to Break Down 8.50 Points which would be followed by a further continuation of next SUPPORT at 7 Points.
FULL CHART LINK: www.tradingview.com
NYSE:NIO
NIO: CHART UPDATE / SUPPLY & DEMAND / FULL BREAKDOWN & RSI DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of NIO STOCK. As an update to my previous chart on NIO this chart features a much more clear interpretation of where price action can head in the near future.
POINTS:
1. Deviation remains the same. MACRO DEVIATION = 10 POINTS, MICRO DEVIATION = 2.5 POINTS
2. Current Trend: Symmetrical Triangle Pattern
3. Earnings Report 03/23
RSI:
1. Pay Close attention to Lower Lows in Price Action & where RSI tends to reset at those given points.
2. Notice how RSI is showing sideways momentum in OVERSOLD territory for NIO this is usually indicative of an upcoming shift in momentum as SELLING BECOMES EXHAUSTED.
IMO: Let's take into consideration that lately COMPANY FUNDAMENTALS have not reflected onto NIO's STOCK PRICE but I would also take into consideration just how beaten down this stock is and where China's economy is currently headed.
SCENARIO #1: In a BULLISH scenario price action holds above 10 & sees next move up to 12 to confirm continuation of current setup before another possible retest of 10 as a SUPPORT. BREAK OF 13 would be a BULLISH entry point imo.
SCENARIO #2: In a BEARISH scenario price action loses 10 as a SUPPORT and will rely on 9.50 as a SUPPORT if this were to break SUPPLY & DEMAND CHANNEL will rest between 9.50 & 7 digging an even deeper pit for NIO to climb out of.
FULL CHART LINK: www.tradingview.com
NYSE:NIO
PSNY: CHART UPDATE / SUPPLY & DEMAND / SEMI-MICRO ANALYSIS / RSIDESCRIPTION: In the chart above I have provided a SEMI-MICRO ANALYSIS of PSNY. With previous setup being invalidated with continuation of sideways price action and continued consolidation.
POINTS:
1. Deviation of 1.50 points justifies SUPPLY & DEMAND POCKET PLACEMENT.
2. RSI has now officially reached 40 threshold signaling an entry into OVERSOLD TERRITORY.
3. MACD CONTINUES LIMITED BETWEEN 0.14 & -0.14 without major shifts.
4. Despite RSI's drop into oversold territory, MACD continues to hold squeeze momentum.
IMPORTANT: EARNINGS REPORTED ON MARCH 3 & BREAK OF 6.50 WOULD BE FIRST STEP BEFORE FURTHER UPSIDE.
SCENARIO BULLISH: In a bullish scenario it would prove crucial for price action to hold above 5.50 with an eventual break above 7 to move price action into NEW SUPPLY & DEMAND POCKET.
SCENARIO BEARISH: In a bearish scenario price action breaks 5.50 to the downside and we come to continued bearish momentum to $4.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
MULN: SIMPLE SETUP FOR A SIMPLE PLAYDESCRIPTION: In the chart above I have provided a semi-macro analysis of MULN a penny stock that has seen a continuous drop since IPO after hitting record highs of roughly 1200 points but now down to penny stock territory.
POINTS:
1. Deviation of 0.2000 justifies SUPLY & DEMAND POCKET PLACEMENT.
2. Symmetrical Triangle Formation
3. ONE LAST TEST OF 0.3200 CAN STILL BE IN THE WORKS & WOULD MAKE FOR A MORE STABLE SETUP.
IMO: With current chart setup I would consider this stock to have great bullish momentum on the short term and should perhaps only be seen as a squeeze play rather than an investment over the long term.
SCENARIO #1: In a bullish scenario price action should break 0.5500 with strong momentum to give way to a potential squeeze of price action.
SCENARIO #2: In a bearish scenario if price action is to break down below 0.2500 with strong momentum this would invalidate setup and be an optimal exit.
FULL CHART LINK: www.tradingview.com
NASDAQ:MULN
PSNY: Polestar has a nice base hereBoth daily and weekly time-frames show a nice bullish trend in the stock, upside seems astronomical vs risk here (stop @ $5.60).
Totally worth a shot if it has legs...
Best of luck!
Cheers,
Ivan Labrie.
LUCID: MARKET MAKERS & VOLATILITYDESCRIPTION: In the chart above I have included a MACRO ANALYSIS of LUCID that focuses on RSI AND MACD behavior in past SHORT SQUEEZE scenarios along with information on current trend and supply & demand pockets.
POINTS:
1. DEVIATION of 6 POINTS hence SUPPLY & DEMAND POCKETS.
2. DOWNTREND CHANNEL STILL IN PLAY UNTIL CONSOLIDATION IS CONFIRMED.
RSI: When it comes to RSI notice the angle at which the last two SQUEEZES have occurred 25 & 36 DEGREES while current RSI is ANGLED at 61 DEGREES. This measure in DEGREES is important because the STEEPER the ANGLE the SHORTER THE PERIOD WILL BE THAT RSI MEDIAN WILL LINGER AT OVERBOUGHT LEVELS BEFORE RESETING & SEEING SOME COOL OFF.
MACD: CRUCIAL TO POINT OUT NOTICE MACD IS CURRENTLY STILL SQUEEZING AND FAILED TO RESPOND CONFIRM CURRENT BUYING PRESSURE MEANING THERE IS STILL A LOT OF SHORTING PRESSURE.
IMPORTANT: Current PRICE SQUEEZE ACTION is uncannily similar to SHORT PRICE ACTION on MAY 12 2022, when price action eventually pulled back into DOWNTREND.
SCENARIO #1: In a BULLISH scenario since RSI is at OVERBOUGHT LEVELS & if price action is to head higher expect somewhat of a VOLATILE CORRECTION.
SCENARIO #2: In a BEARISH scenario since MACD failed to confirm UPTREND a downward move is to be expected next possibly pushing price action down to the 10 - 4 point SUPPLY & DEMAND POCKET.
FULL CHART LINK: www.tradingview.com
NASDAQ:LCID
PSNY: MACRO ANALYSIS / REVERSAL IMMINENT? / SQUEEZE? (UPDATE)DESCRIPTION: In the chart above I have provided a SEMI-MACRO ANALYSIS of PSNY where I address Current Trend, Supply & Demand, RSI & MACD.
POINTS:
1. DEVIATION stands at 1.50 Points separating given SUPPLY & DEMAND POCKETS.
2. Price Action is finally finding support above the 45 EMA (BLUE LINE) while the 200 EMA (RED LINE) looks ready to go under & CONFIRM BULLISH MOMENTUM.
3. SYMMETRICAL TRIANGLE FORMATION had a BULLISH start further confirming a BULLISH EXIT from trend.
4. RSI median is positioned near 50 similar to previous positioning before rally occurred.
5. MACD volume is staying within 0.18 & -0.18, a flatlined MACD is preferable since it would signify that buying and selling pressure is equal and preparing for a big move.
6. ESTIMATION for potential rally from current floor can be found on the right hand side.
IMPORTANT: PAY CLOSE ATTENTION to VOLUME and just how dramatically dead VOLUME has been since the 27th of JUNE 2022. Can have something to do with how much of PSNY shares are traded in DARK POOLS. This can in fact work out for PSNY since a slight exposure to previous levels of VOLUME can in fact result in a BULLISH REACTION for PRICE ACTION.
SCENARIO #1: In a BULLISH scenario price action would have to break past 7 points to validate setup and give way for price action to continue breathing.
SCENARIO #2: In a BEARISH scenario if price action is to break below 5.50 current setup would be invalidated and give way to further downside or consolidation.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
DAX & S&P500 RELATIONSHIP: MACRO / SUPPLY & DEMAND / BOTTOM???DESCRIPTION: In the chart above I have included and brief macro analysis of the DAX a GERMAN equivalent exchange of the S&P500. Aside from the difference in point ratio the DAX and S&P500 have a special relationship in which they mirror one another usually with the DAX following the S&P500. Nevertheless the DAX in this case can be showing us a different perspective in what is in store for the OVERALL MARKET in the near FUTURE.
POINTS:
1. DEVIATION of 1,000 POINTS begins PLACEMENT of SUPPLY & DEMAND POCKETS at YEARS ALL TIME LOW of 12,000 POINTS.
2. Current UPTREND is at RISK of SHARP Incline that is shown by FLOOR OF CURRENT UPTREND CHANNEL.
3. 100 MA (ORANGE MA) is serving as crucial support and agrees with current uptrend along with 45 MA & 200 MA FALLING INTO PLACE .
4. 15,000 POINT RANGE IS OF CRUCIAL IMPORTANCE TO HOLD WITH CONSOLIDATION IN CURRENT DEMAND POCKET.
*IMPORTANT: RSI within an 8 HOUR TIMEFRAME has only been seen at these levels 2 TIMES in the PAST YEAR where we usually have come to see a continuation of bullish momentum for 22.5 days if we go by AVERAGES.
SCENARIO #1: BULLISH scenario would require a continuation of STEEP INCLINE SUPPORT or at the very least a CONSOLIDATION ABOVE 15,000 POINTS.
SCENARIO #2: BEARISH scenario would begin at the moment we lose 15,000 as a SUPPORT & would further continue once STEEP INCLINE TREND IS BROKEN.
FULL CHART LINK : www.tradingview.com
XETR:DAX
SP:SPX
PSNY: MACRO ANALYSIS / INTERSECTING CHANNELS / SQUEEZE? (UPDATE)DESCRIPTION: In the chart above I have included an in depth MACRO ANALYSIS of PSNY.
IMPORTANT:
- With late Novembers PRICE ACTION rejection at around 8 POINTS this led me to consider that despite our current uptrend the CEILING of the PREVIOUS DOWNTREND CHANNEL IS STILL VERY MUCH IN PLAY.
- RESISTANCE THAT WAS SEEN AT 8 POINTS WAS EXACTLY WHERE THE INTERSECTION LIES FOR BOTH THE CEILING OF PREVIOUS DOWNTREND CHANNEL AND CURRENT UPTREND CHANNEL.
POINTS:
1. DEVIATION OF 1 POINT PER SUPPLY & DEMAND POCKET. (Gaps between Supply & Demand Pockets is due to lack of STABLE CONSOLIDATION)
2. FUTURE POINTS OF CONTACT were estimated by taking MEAN AVERAGES from PREVIOUS POINTS OF CONTACT.
3. PREDICTED 10 DOLLAR price target by FEBRUARY 14TH was estimated by taking into consideration how much previous rally made price action increase after serious consolidation.
4. IT IS CRUCIAL MACD BEGINS TO STAY CLOSE TO MEDIAN AS IT CAN BE A GREAT PREDICTOR FOR A POTENTIALLY BIG MOVE.
SCENARIO #1: In a bullish scenario price action follows given path or makes more points of contact eventually breaking to the upside from DOWNTREND CHANNEL CEILING.
SCENARIO #2: In a bearish scenario it is important price action does not fall below 5 points this would in fact invalidate entire setup.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
NIO PENDING REVERSAL!!! (UPDATE)DESCRIPTION: In the chart above I have provided and updated micro analysis of NIO along with updates SUPPLY & DEMAND POCKETS.
POINTS:
1. NEW DEVIATION OF 10 POINTS beginning from 9.50 as it sits as major DEMAND FLOOR.
2. Descending Triangle pattern is now officially broken toward the UPSIDE.
3. 11 POINTS IS FIRST CRUCIAL SUPPORT THAT MUST HOLD EVEN IF IT MEANS A CONTINUATION OF SIDEWAYS MOVEMENT.
SCENARIO #1: Entry point for BULLISH scenario is marked at 11 POINTS where DESCENDING TRIANGLE PATTERN IS INITIALLY BROKEN.
SCENARIO #2: Entry point for BEARISH scenario is marked at 8 Points where if price is too linger any lower we will most certainly come to see 6 Points.
FULL CHART LINK:
www.tradingview.com
NYSE:NIO
