Have EVs 🔌🚘 found their supports?📈

Recap

Last week I predicted bearish for XPEV after a crazy spike in the week before. Yes, it ended up to be the top losers of the week but its peers were weak as well. 

Top pick 

My first choice for next week will be the leader $Tesla Motors(TSLA)$ as it is very very near to its ema50 support as shown in the figure below. The pullback is healthy and the rebound is coming probably. Yesterday was a nice entry point but no longer valid due to the closing price was lower. 

Tesla daily chart

Chinese Trio

As compared to last week bearish prediction, I am bullish for $XPeng Inc.(XPEV)$  after a heavy pullback. However it might continue to retrace if the market sentiment continues to be bad. Same to $NIO Inc.(NIO)$ $Li Auto(LI)$ should have similar bullish trend too. I am waiting to see if any surprise or good news from NIO this week. 

Meme

$Faraday Future Intelligent Electric Inc.(FFIE)$ 

Good gain last week as predicted. Technically, it is forming a cup and handle pattern. Once breakout, the stock would probably trend higher next week! Do take note that this is a penny stock with high risk. 

Summary

In short, I am short term bullish for EVs stocks next week. We could expect some rebound or consolidation. How do you think? 🤔🤔🤔

@CaptainTiger  @MillionaireTiger  @TigerStars @Tiger_SG  @Daily_Discussion  😁😁😁

# EV Companies and Industry DIG

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Comment45

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  • ColinThorndike
    ·2023-08-06
    TOP

    There are going to be way too many EVs on the market very soon. Prices will driven down and once they match standard car prices people who might not ordinarily buy one will.Margins are going to shrink. The price is now gotten ahead of itself.

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    • Shyon
      Now they already fighting hard on the selling prices and margins!
      2023-08-06
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  • AugustineMac-
    ·2023-08-06
    TOP

    Xpeng is moving in strong in the Scandinavian countries as well as the rest of EU, Sweden next and the Swedish people have already shown to prefer Chinese brands of EV over Tesla big time (conventional auto brands not even worth mentioning in this poll as its way lower), so I believe Xpeng will be huge.. Im loading up at these cheap prices..

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    • Shyon
      Yes, can monitor it recently since the share pulled back quite a lot last week.
      2023-08-06
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  • frostiix
    ·2023-08-06
    TOP

    Solid week for Li should be good for earnings. The amount of cars they are selling are very good. Bullish next week.

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    • Shyon
      Yes they are making more and more sales!
      2023-08-06
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  • Chae Yuhan
    ·2023-08-05
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    • Chae YuhanReplying toShyon
      totally agree! the next luxury EV if everything goes well. strongly believe they will do well with more positive news coming up 🚀🌕 [Look back]
      2023-08-05
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    • Shyon
      High risk ya but the return might be good too.
      2023-08-05
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  • jingli
    ·2023-08-06
    TOP

    我知道利率会波动,可能不会一直很高,但除了TSLA之外,我还没有看到我的任何投资真正起飞

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    • Shyon
      很快他们就会了!什么时候合适来了
      2023-08-06
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  • koolgal
    ·2023-08-06
    TOP
    Thanks for sharing your valuable insights.  I would also be keeping a close watch on Tesla. Best of luck 🍀🍀🍀🌈🌈🌈
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    • Shyon
      Thanks for like and comment. Weekend ends soon! Have a nice and smooth week ahead next week.
      2023-08-06
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  • icycrystal
    ·2023-08-05
    thanks for sharing
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    • Shyon
      Thanks for support ya
      2023-08-05
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  • Shauncws
    ·2023-08-07

    Great ariticle, would you like to share it?

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    • Shyon
      Thanks for sharing it my friend
      2023-08-07
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  • Esfifi
    ·2023-08-07
    Great ariticle, would you like to share it?
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    • Shyon
      My pleasure [Cool]
      2023-08-07
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  • JRSI
    ·2023-08-07
    很棒的文章,愿意分享一下吗?
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    • Shyon
      感谢您对这篇文章的关注
      2023-08-07
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  • Hanamacdonald
    ·2023-08-07

    Great ariticle, would you like to share it?

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    • Shyon
      Much appreciate!
      2023-08-07
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  • Russ679
    ·2023-08-07

    Great ariticle, would you like to share it?

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    • Shyon
      Go ahead and thanks 😁
      2023-08-07
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  • LplMichelle
    ·2023-08-06
    Great ariticle, would you like to share it?
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    • Shyon
      Thanks for your kind share my friend.
      2023-08-06
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  • 都好45
    ·2023-08-06

    这篇文章不错,转发给大家看看

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    • Shyon
      Thanks for your share!
      2023-08-06
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  • b1uesky
    ·2023-08-05
    thk for sharing
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    • Shyon
      🤝😁☺️
      2023-08-05
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  • Shauncws
    ·2023-08-07

    .

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    • Shyon
      👍👍👍😎😎😎
      2023-08-07
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  • FK1234
    ·2023-08-07
    💪
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    • Shyon
      😊😊😊
      2023-08-07
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  • JiakFree
    ·2023-08-07

    Nice

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    • Shyon
      My pleasure that it helps you.
      2023-08-07
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  • FK1234
    ·2023-08-06
    💪
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    • Shyon
      😍😍😍
      2023-08-06
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  • KSR
    ·2023-08-06
    👍
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    • Shyon
      🤝🤝🤝
      2023-08-06
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