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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: Copeland who wrote (38822)4/20/2023 3:48:19 PM
From: Tweets Boar Hog  Respond to of 41021
 
Did we have a turn yesterday? A bit early to conclude?

Tesla messed up the house yesterday. Just the beginning as earnings season continues. These high flyers were and some like Apple still are priced to perfection.

I follow the EV industry. The Chinese are just relentless, possibly set to dominate. VW continues to launch a really nice looking line up as well. The Japanese might be lagging a bit, but moving forward. Toyota for example has recently filed a very large number of solid state battery patents, in a few years (?) we will have 1000 mile ranges, imo. Don't forget Hyundai, the competition is immense. But it is a large market.

Byd is coming out with a very low cost commuter.

reuters.com

"Affordability is attractive to everyone anywhere, whether it's an emerging market, the United States or Europe, this kind of car with this kind of value proposition will sell," he said.

The companies that are solely or predominantly EV's would seem to have an advantage, possibly a big one, as global competition continues to build. They can concentrate solely on EV's.

Tweets

Unless Tesla does some major stick save, which after yesterday earnings seems doubtful, I am sticking with this. I have Tesla now in an extended 3rd wave down. This apparent cycle high is major, and pretty
bearish, assuming follow through. Next major lows like in Oct coming up and possibly July of next year. Lots of gaps down below.