Tag: electric vehicles

  • Crisis Has Become Opportunity for Tesla

    Crisis Has Become Opportunity for Tesla

    Tesla (TSLA) is starting to recover. After plummeting from about $260 to $180, the electric vehicle stock is starting to pivot from over-extensions on RSI, MACD, and Williams’ %R. Last trading at $191, we would initially like to see TSLA refill its bearish gap around $210. From there, we’d like to see it test $250.…

  • Use Weakness in Lithium Stocks as a Buy Opportunity

    Use Weakness in Lithium Stocks as a Buy Opportunity

    Pay close attention to oversold lithium stocks, like Albemarle (ALB). After dropping from about $240 to $209.13, the ALB stock appears to have caught strong support and could pivot higher again shortly.  It’s also oversold on RSI, MACD, and Williams’ %R, and could potentially run back to $240 on the strength of the lithium story.…

  • XPEV Hits New 52-week High Thanks to Volkswagen

    XPEV Hits New 52-week High Thanks to Volkswagen

    Xpeng (XPEV) is on the move. All after Volkswagen announced it will invest $ 700 million in the company to develop EVs together. “The Volkswagen Group and XPeng each bring in highly complementary strengths into this long-term strategic partnership,” said XPeng CEO Xianpeng He. “Since the founding of XPeng, we have been developing full-stack technologies…

  • Tesla Stock Could Race to $300 this Month

    Tesla Stock Could Race to $300 this Month

    Tesla (TSLA) could accelerate to higher highs. Last trading at $279.02, we’d like to see it closer to $300 this month. All thanks to strong demand for electric vehicles, and after its key numbers crushed expectations. Just last week, the company said it delivered 466,140 vehicles in the second quarter. In the first quarter, it…

  • This is Why Lithium’s 800 lb. Gorilla is Heading Higher

    This is Why Lithium’s 800 lb. Gorilla is Heading Higher

    Albemarle (ALB) – the lithium sector’s 800 lb. gorilla – could see higher highs. For one, as we noted on May 22, “After a brief pullback, the supply-demand issue is forcing lithium prices higher again. Even analysts at Citigroup just said the collapse in lithium price is likely to be over, and prices could rebound…

  • Tesla Exploding Ahead of its Investor Day Event on March 1

    Tesla Exploding Ahead of its Investor Day Event on March 1

    With Tesla’s Investor Day set for March 1, the EV stock is exploding. In fact, if you want to see the event’s live stream, you can do so by clicking here. It’s not live just yet, but it will be over the next couple of days. At the event, investors will be privy to Tesla’s…

  • Still Racing, Tesla Could Soon See $300 Again

    Still Racing, Tesla Could Soon See $300 Again

    After plummeting from about $325 to less than $100, Tesla came screaming back. Now at $210.85, we’d like to see it closer to $300 this year. .  For one, millions of electric vehicles are expected to hit the roads over the next decade. Two, Tesla just reported EPS of $1.19, which beat by six cents. Three,…

  • When Albermarle Reaches this Point, It’s a Buy

    When Albermarle Reaches this Point, It’s a Buy

    Every time Albemarle (ALB) gets this oversold, it’s a buy. If you pull up a two-year chart of ALB with RSI, MACD, and Williams’ %R, you can see the opportunity.  Take a look at what happens to the ALB stock every time RSI dips to its 30-line, when MACD drops well under its mean, and…

  • Lion Electric Could be a Top EV Pick for 2023

    Lion Electric Could be a Top EV Pick for 2023

    The electric vehicle story is only set to accelerate. In fact, according to the International Energy Agency, electric vehicle sales are on course to hit an all-time high this year. “The IEA has previously stated that electric vehicle sales hit 6.6 million in 2021. In the first quarter of 2022, EV sales came to 2…

  • Why Shares of XPeng are Starting to Recover

    Why Shares of XPeng are Starting to Recover

    Investors may want to keep an eye on XPeng (XPEV). After plummeting from about $34 to $12.86, the electric vehicle stock is starting to show signs of life again.  It’s also oversold on RSI, MACD, and Williams’ %R.  Helping, co-founder and CEO Xiaopeng bought 2.2 million ADRs, on the open market through a holding company.…