Stock price action analysis for FUV, NIO, TSLA, ENPH, IEA – Further buy or sell? [Video]

Ming Jong Tey Independent Analyst

Green energy stocks have outperformed the market in 2020 with some top stocks achieved 400%-1300% return. As Joe Biden pushes for the policies benefited environement, will the green energy stocks continue their momentum to skyrocket even further?

In the video, I've analyzed 5 top-performing stocks - FUV (Arcimoto INC), NIO (NIO INC), TSLA (TESLA INC), ENPH (ENPHASE Energy INC) and IEA (Infrastructure & Energy Alternative) via price action trading strategy and volume spread analysis with Wyckoff analysis concept. Trading plan containing the directional bias, the potential entry and stop loss is shown for each stock. Watch the video below:

Timestamps

0:35 PBW.
3:02 FUV.
7:05 NIO.
10:57 TSLA.
14:03 ENPH.
17:13 IEA (Infrastructure & Energy Alternative).

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

EUR/USD pops to yearly highs near 1.1770

EUR/USD rapidly reverses course and hits fresh YTD tops near 1.1780 at the end of the week. The pair’s U-turn comes on the back of the intense sell-off in the Greenback amid the generalised risk-on context.

GBP/USD climbs to four-month tops near 1.3600

GBP/USD is building on its solid weekly advance and is pushing toward the 1.3600 hurdle on Friday, or new four-month peaks. Cable’s strong move higher comes as the Greenback intensifies its decline, while auspicious results on the UK calendar also collaborate with the uptrend.

Gold picks up pace, approaches $5,000

Gold prices keep their uptrend well in place and gear up for an imminent hit to the key $5,000 mark per troy ounce on Friday. The yellow metal’s sharp advance gathers pace amid the increasing weakness in the US Dollar and mixed US Treasury yields across the curve.