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2021-04-16

EV is next !!!

3 EV Stocks That Could Be Set For A Downturn

The sellers are about to hitTesla, Inc.(NASDAQ:TSLA). The stock has staged an impressive rally over

3 EV Stocks That Could Be Set For A Downturn

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Shares&nbsp;are trading above this threshold.</p>\n<p>These overbought conditions will draw sellers into the market as&nbsp;they will expect a reversion to the average. This could put a top on the shares and it could even push them lower.</p>\n<p><img src=\"https://static.tigerbbs.com/e28ae93e549790d354809d8d1d849546\" tg-width=\"1536\" tg-height=\"813\"><b>NIO Inc.</b>(NYSE:NIO) has formed a classic descending triangle&nbsp;pattern, which has bearish implications.</p>\n<p>Chart patterns are illustrations of the supply and demand dynamics occurring within a market. This pattern shows&nbsp;buyers of NIO have been complacent. At the same time, sellers are becoming more aggressive.</p>\n<p>Since early March buyers have held firm at the $35 level. At the same time, sellers have been knocking the shares lower.</p>\n<p>In mid-March, the lowest price sellers would accept for their shares was around $45. By early April it had dropped to $40. Now there are sellers willing to accept $35.</p>\n<p>The combination of aggressive sellers and complacent buyers could drive the price lower.</p>\n<p><img src=\"https://static.tigerbbs.com/a64b841348a68424562dfd4d0996f91d\" tg-width=\"1533\" tg-height=\"817\">Shares of<b>Fisker Inc.</b>(NYSE:FSR) have broken support and&nbsp;could continue to trend lower.</p>\n<p>Support forms when there are a large number of buyers that are looking to pay the same price for shares of stock. In this case, it was the $14.75 level. It was clear support through December and January.</p>\n<p>Now that level been has broken, which means the buyers who were willing to pay $14.75 have either finished or canceled their orders.</p>\n<p>With this demand of the market, the stage is set for a further decline in the share price.</p>\n<p><img src=\"https://static.tigerbbs.com/f1504ff3581a62fe5fe5390c585f43b4\" tg-width=\"1538\" tg-height=\"823\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 EV Stocks That Could Be Set For A Downturn</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 EV Stocks That Could Be Set For A Downturn\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 20:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The sellers are about to hit<b>Tesla, Inc.</b>(NASDAQ:TSLA).</p>\n<p>The stock has staged an impressive rally over the past week as investors think it will benefit from the $2 trillion infrastructure bill, as well as a potential Green New Deal.</p>\n<p>But the stock may have become overextended.</p>\n<p>The red line on the following chart marks two standard deviations above its recent 20-day average price. Shares&nbsp;are trading above this threshold.</p>\n<p>These overbought conditions will draw sellers into the market as&nbsp;they will expect a reversion to the average. This could put a top on the shares and it could even push them lower.</p>\n<p><img src=\"https://static.tigerbbs.com/e28ae93e549790d354809d8d1d849546\" tg-width=\"1536\" tg-height=\"813\"><b>NIO Inc.</b>(NYSE:NIO) has formed a classic descending triangle&nbsp;pattern, which has bearish implications.</p>\n<p>Chart patterns are illustrations of the supply and demand dynamics occurring within a market. This pattern shows&nbsp;buyers of NIO have been complacent. At the same time, sellers are becoming more aggressive.</p>\n<p>Since early March buyers have held firm at the $35 level. At the same time, sellers have been knocking the shares lower.</p>\n<p>In mid-March, the lowest price sellers would accept for their shares was around $45. By early April it had dropped to $40. Now there are sellers willing to accept $35.</p>\n<p>The combination of aggressive sellers and complacent buyers could drive the price lower.</p>\n<p><img src=\"https://static.tigerbbs.com/a64b841348a68424562dfd4d0996f91d\" tg-width=\"1533\" tg-height=\"817\">Shares of<b>Fisker Inc.</b>(NYSE:FSR) have broken support and&nbsp;could continue to trend lower.</p>\n<p>Support forms when there are a large number of buyers that are looking to pay the same price for shares of stock. In this case, it was the $14.75 level. It was clear support through December and January.</p>\n<p>Now that level been has broken, which means the buyers who were willing to pay $14.75 have either finished or canceled their orders.</p>\n<p>With this demand of the market, the stage is set for a further decline in the share price.</p>\n<p><img src=\"https://static.tigerbbs.com/f1504ff3581a62fe5fe5390c585f43b4\" tg-width=\"1538\" tg-height=\"823\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169761437","content_text":"The sellers are about to hitTesla, Inc.(NASDAQ:TSLA).\nThe stock has staged an impressive rally over the past week as investors think it will benefit from the $2 trillion infrastructure bill, as well as a potential Green New Deal.\nBut the stock may have become overextended.\nThe red line on the following chart marks two standard deviations above its recent 20-day average price. Shares are trading above this threshold.\nThese overbought conditions will draw sellers into the market as they will expect a reversion to the average. This could put a top on the shares and it could even push them lower.\nNIO Inc.(NYSE:NIO) has formed a classic descending triangle pattern, which has bearish implications.\nChart patterns are illustrations of the supply and demand dynamics occurring within a market. This pattern shows buyers of NIO have been complacent. At the same time, sellers are becoming more aggressive.\nSince early March buyers have held firm at the $35 level. At the same time, sellers have been knocking the shares lower.\nIn mid-March, the lowest price sellers would accept for their shares was around $45. By early April it had dropped to $40. Now there are sellers willing to accept $35.\nThe combination of aggressive sellers and complacent buyers could drive the price lower.\nShares ofFisker Inc.(NYSE:FSR) have broken support and could continue to trend lower.\nSupport forms when there are a large number of buyers that are looking to pay the same price for shares of stock. In this case, it was the $14.75 level. It was clear support through December and January.\nNow that level been has broken, which means the buyers who were willing to pay $14.75 have either finished or canceled their orders.\nWith this demand of the market, the stage is set for a further decline in the share price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":179,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}