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Home Depot. Towards Recognizing The Potental Of "Step-Up" Chart Formations.

You have to be quick on the opening. It's a Tuesday. Look at this five day chart which has a spike up formation. The last day on the above five day chart is today's trading action. Here now is it's one day trading chart as of the close on Tuesday. You had to buy in early, really early on the opening dip. So the stock closed Monday at $346.09 and on Tuesday sixty seconds into the mornings trading action (which was 9:31:00 a.m.) it was $344.31. Then at 9:32:00 one minute later it was at $343.80. That's an opening drop of $2.29. Now look at this one series of Call options. A low of $375.00 at 9:33 a.m. and a high of $750.00 at 9:56:00 a.m. This is a case of playing a "step-up" chart formation in the first hour of trading. After that the upward thrust ran out of steam. It helped that the D.J.I.A was up 537 points on the day. Buying in on early morning dips on a stock with a"step-up" chart formation sometimes is a profitable experience.
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Pension Funds and EV Stocks - A Need To Be Part Of The Action

Pension funds invest in EV stocks. Currently Lucid is 81% owned by institutions and 4% insiders. Rivian is 63% owned by institutions and 12% insiders. It's not the average guy on the street who own these two stocks. What do institutional investors know about stocks in this sector that we don't? Tesla is 44% owned by institutions and 13% by insiders. Workhorse is 33% owned by institutions and 4% insiders. In contrast Polestar is only 4% owned by institutions and 47% by insiders. Lucid and Rivian are both up and running with production output. For this reason they both seem to be gaurishing an inordinate amount of attention. Please now read this. After you finish reading this I will tell you what I think.
It seems to me that institutions are out in the garden patch whimically putting EV stocks into their basket. What a dangerous voyage of discovery. Yet what floats the boat is Tesla which has had a wonderful run. The scary part is that this stock has a P/E ratio of 71:80-1. The boat will continue to float as long as consumers continue go electric. It looks like things are headed in that direction. England for example has the goal to ban the sale of all new petrol and diesel vehicles by 2030. Now for a reality check. Look at how these six EV stocks traded this week. What a scrubbing!
The charging station evolution is just as crazy with pension fund money also following the action. This weeks downward action across the board was abnormal.* A look at this situation one year later. What a mess. Investing in companies before they start to have earnings has proven to be a huge mistake.

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