July 14, 2024

๐“๐ž๐ฌ๐ฅ๐š ๐•๐’ ๐๐ข๐จ – ๐‡๐ฎ๐ ๐ž ๐๐ซ๐ข๐œ๐ž ๐“๐š๐ซ๐ ๐ž๐ญ! (๐€๐ง๐จ๐ญ๐ก๐ž๐ซ ๐Ÿ๐ŸŽ% – ๐Ÿ“๐ŸŽ% ๐”๐ฉ๐ฌ๐ข๐๐ž?)

Author: Trading Impossible | Joey Choy
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๐‚๐š๐ง ๐ฐ๐ž ๐ฌ๐ญ๐ข๐ฅ๐ฅ ๐ฌ๐ž๐ž ๐ฆ๐จ๐ซ๐ž ๐ฎ๐ฉ๐ฌ๐ข๐๐ž ๐ข๐ง ๐ญ๐ก๐ž๐ฌ๐ž ๐Ÿ ๐ฌ๐ญ๐จ๐œ๐ค๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐ฌ๐ž๐œ๐ญ๐จ๐ซ ๐ญ๐ก๐š๐ญ ๐ก๐š๐ฌ ๐ฌ๐ž๐ž๐ง ๐ญ๐ซ๐ž๐ฆ๐ž๐ง๐๐จ๐ฎ๐ฌ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก?

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Since we covered Tesla and Nio about a month back, we have seen prices for both of them surging by more than 30% – 40%.ย  ๐Ÿ˜„

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The uptrend continued strong and fast with some occasional profit taking..๐Ÿ“ˆ๐Ÿ“ˆ

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Joey here, Top Tier Remisier in Phillip Securities.

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SO where are we now and why are we seeing strength in these companies.

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Fundamentally, ๐“๐ž๐ฌ๐ฅ๐š is pretty much focused on sales in the US market and with it’s technology way ahead of its competitors. ๐ŸŽ

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๐๐ˆ๐Ž on the other hand is tapping on the massive population in China with the government’s backing with sales figures growing rapidly and hitting records each month.. ๐Ÿ‹๏ธ

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Imo, these 2 EV companies could just be the start of something much bigger given the ๐ ๐ข๐ฏ๐ž๐ง ๐ญ๐ก๐ž ๐ฆ๐š๐ฌ๐ฌ๐ข๐ฏ๐ž ๐ฉ๐จ๐ญ๐ž๐ง๐ญ๐ข๐š๐ฅ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ž๐ง๐ญ๐ข๐ซ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ and,

with EV sales set to account for a much larger portion of total sales in the world…

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From the 5% figure we are seeing now to more than 40% in the next 10 years…

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Technically, we also had some ๐ฌ๐ข๐ ๐ง๐š๐ฅ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐Ÿ๐†๐“ ๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ, see what they are as i dive in the charts for each of them to see where we are now.

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Targets has been hit but may be revised higher.

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Watch here >> https://youtu.be/7GhEd7Zz5zM

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