After consolidating since March 2022, it looks as if GM is ready for its next leg up. Target 1: $49 Target 2: $59 & $60 Stop Loss: 50DMA
First Solar Inc. has an upside of 57 to 135 percent, depending on what multiple analysts decide to assign to it. Despite returns being relatively flat year to date (-.17) percent, the company and analysts who cover the stock seem to be bullish on the future prospects. The forecasted 2024 earnings per share is 13.50 compared to 7.65 in 2023, representing a 76...
Chart #1 : Price Target $154 Tesla has been trailing this downtrend line (aqua) and its 50 day moving average (blue) falling 36%, underperforming both major indexes SPY & QQQ up 25% and 27% over the same timeframe. Tuesday 2 April 2024 Tesla reported vehicle deliveries of 386,810 and production of 433,371 potentially signaling a current demand problem. This...
The Hang Seng Index (HSI) breached its 200 Day Moving Average (orange) last week but it still faces some resistance from a 3 year downtrend line (aqua). I am anticipating a breakout for Chinese equities and my favorite chart so far is JD.com (JD) which has breached its 200 Day Moving Average with decent volume and a bullish engulfing weekly close. First...
Motor Vehicle insurance prices are up 2.6% month-over-month and 22% year-over-year according to the latest Consumer Price Index report published by the Bureau of Labor Statistics. This should benefit insurance sector equities, so let's take a look at the KIE Insurance ETF. First Chart (Trend Line; 1 Year): Taking a 1 year view we can see that (KIE) has been...