Dear — Jeff Bishop here,
Electric vehicle stocks are going absolutely nuts these days, make no mistake about it.
Everybody has heard about Tesla obviously, it's a household name. And most traders have become very familiar with its Chinese equivalents lately— NIO, XPeng, and Li Auto are catching headlines left and right.
But right now, the biggest EV trading action actually isn't coming from any of those names. It's coming from much smaller market capitalization EVs that are ripping higher from behind the scenes.
Ben Sturgill actually went LIVE last night with a full house of traders in his exclusive trading room to share how he's trading EVs, among other things. If you missed it, join his next dark pools workshop here to learn how he's using a special scanner to track institutional buying activity.
In All-Access today, we'll share one lesser-known EV that went parabolic yesterday, as well as 3 more we're watching for potential trades.
Yesterday's chart of the day is FUV.
EV stocks like SOLO, KNDI etc. went parabolic with Arcimoto leading the way.
In case you didn't know what parabolic looks like, here's a daily chart of FUV:
The company announced an agreement with the city of Orlando to test a municipal fleet.
For 90 days, you might be able to see representatives of the fire department, police department, and other government officials of Orlando riding Arcimoto Fun-Utility-Vehicles.
While it is definitely positive news for the company, it is hard to believe that this headline alone would explain a 69.49% upmove within a single day.
Most likely, the parabolic move happened because of a mix of the news, relatively low float of 22M shares, a hot sector, and the chart setup coming into the day.
And here's how you could have traded it:
As you can see on the chart above, FUV gave plenty of clues before flying higher.
Although this kind of chart comes around only once every few months, significant money can be made getting long the frontside and shorting the backside of these moves.
While hindsight is always 20/20, familiarize yourself with these clues to better capitalize on these opportunities the next time they come around.
Ben Sturgill didn't trade FUV, though it was on his Dark Pool Profits watchlist and some of his subscribers took advantage of it.
 
Join Dark Pools Profits here today to access Ben's scanner that tracks what the Big Money on Wall Street is trading. |
Over the past few weeks we've tried our best to cover various market themes as we saw them develop.
We spoke in depth about sector runs, the hot low float environment, importance of breakout and high short interest plays.
But do you want to know something?
Sometimes you can just look at which stock is catching the most attention in the headlines and look for sympathy plays.
What is a sympathy play?
It's when one stock is on fire and gobbling up all the media attention— and subsequently, lots of stocks similar to it get a bounce.
Just this week, it was announced that Tesla (TSLA) will be added to the S&P 500.
Regardless of whether you captured it's big gap up, you can bet that some other stocks are currently riding its tailwinds— at least a few of them for some pretty insane up-moves.
Here are a few of them and their key levels we'll be watching today and over the next few days:
Electrameccanica (SOLO)
Switchback Energy (SBE)
AYRO, Inc (AYRO)
Which of our pro traders has his eyes on these EV plays in particular? Read this article here about how Jeff is sizing up potential in them and how you can trade alongside him as he makes his moves.
Bonus setup:
Nano Dimension (NNDM)
Join Weekend Wiretaps here today to learn how Jeff Williams is holding his next trade over the weekend for huge profit potential come Monday morning. |
Even if you had known TESLA would be worth $388.98B today, chances are you could never have been a seed investor in it.
Angel investing used to be reserved for the ultra rich. And you would have needed rare connections to people of high net worth to get in pre-IPO.
However, our Boardroom team offers exactly that— a rich network of connections and an investing opportunity in what they think is the next big EV company.
It's called Volcon— and according to its CEO, Andy Leisner, there's a strong reason to invest now...
"[Volcon] fully plans to IPO by Q3 of 2021."
Why else did our Boardroom team make their biggest investment ever at $250,000?
This company has everything The Boardroom looks for in an Early-Stage Company:
But in order to fully understand the exclusivity and rarity of this type of investment, you need to see it for yourself.
Watch
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