KNDI, SOLO, BLNK & FUV are the EV stock I’m watching for buys, KNDI I’m watching for dip buys in the mid/low 8’s, as there’s multiday & intraday support at those levels, alternately there’s a potential b/o play over 9.20 if we get more news/volume/hype, SOLO is another recent EV spiker, I’m watching this for a 1st green-day play but it likely continue to fade until bouncing off the low 3’s - so watch out for that, BLNK has an EV charging network, this stock is notoriously choppy (just look at May 2018) so I’m looking for dip buys only - ideally near support in the low 3’s, FUV’s vehicles are being trialed by first responders in a couple of cities, this stock has faded since its big spike last week, I’m now watching for dip buys in the high 3’s - note; it pays to watch the RSI on this type of play.
HYRE, SKYS, TEUM, KHRNF & IDEX are some other recent spikers I’m watching, HYRE I probably should be long overnight on the multi-week b/o @ $5 but I’ve found that dip buys work better on this stock, SKYS is a weird/choppy stock but a potential buy into morning panics - preferably @ $1 support, TEUM is a multi-year b/o @ 3.60, I’ll watch for dip buys at multi-day support @ 3.75 and 3.60 , KHRNF should panic nicely play next week, ideally this can spike a little more before the big crash - current support zones are 2.60s/70s & 2.40 which is the multi-week b/o level, IDEX has a solid history of spiking, the recent daily chart looks primed for a morning spike - potential buy @ 2ish for a test of 2.20 - ideally we get a PR Monday or Tuesday.
VFF is a weed play and recent OTC now Nasdaq listed multi-year b/o I’m watching each day for dip buys, we should see support at 10.20, 9.50 & 8.50 but 9.50 is the level I’m looking to buy on Monday - I won’t chase this one remembering the true b/o level @ $8.
NIO is another EV stock I’m watching, this is a slower mover and I’m currently long with an 7.62 avg, I’m watching the key 8.40 level to either sell or add to my position, earnings are released March 5th so let’s see if they issue a fluffy PR to truly spike the stock.
3 tips - only trade stocks for which you can;
A - clearly define risk predicated on prior support levels
B - objectively assess your profit/loss potential
C - expect a sizeable moved based on a catalyst i.e. news/pattern/sector
Hey Hannah, I've been watching NIO ever since their IPO + they oh so nearly had a big breakout @ 8.40 the other week, SOLO had some pretty positive news which is what caused its big spike recently, and now that its way off its highs I'm thinking maybe they'll issue some more news + spike the stock - I'd look to buy this because it could potentially re-test its highs
also, yes SOLO I had considered 3.70 potential support so I marked this line days ago https://www.tradingview.com/x/X5nJGNdC/ - see chart annotations
Oh... that makes so much more sense. Thank you, man. :D Keep up the due diligence. It's been very helpful to bounce my thoughts against yours. Thanks again.
update; looks like SOLO did in fact have a nice little re-spike today with news :)
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