To The Moon

Electric vehicles could make up as much as nearly half of global car sales by 2035, and our analysts forecast that more advanced autonomous or partially autonomous vehicles will make up the same share of sales just five years later. It's a fundamental shift, upending labor markets, supply chains, and commodity markets. Along the way, the car is being completely rethought and re-engineered, to incorporate cutting-edge battery chemistry, microchips, and software. TESLA Earlier this week, it was announced that Elon Musk is working on Tesla Master Plan 4, describing it as 'epic'. Musk has released three previous Master Plans, outlining goals like expanding the electric vehicle lineup and achieving true self-driving. Robots, flying cars, and autonomy? Whatever it is, it will be awesome because Tesla has the best engineers in the world working for them. Tesla daily chart Let's look at the Tesla chart shown above, just a long boring consolidation phase for the share price for the month of June. The good news was Tesla share price managed to breakout from its downtrend resistance last week. However, its share price is close to the EMA200, which acts as a strong incoming resistance for Tesla. For me, I continue to be bullish for $Tesla Motors(TSLA)$ as the company's fundamental remains strong and the fan out of its FSD feature will be a revenue booster. BYD Warren Buffett's Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world's largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. It's the first major sale of BYD shares by Berkshire in ten months. BYD daily chart For BYD, the share price stays within the uptrend parallel channel as illustrated in the figure above. Now the share price is somewhere near to the upper band of the channel. BYD can either breakout from this channel or retrace back to mid or lower band next week. Personally, I will go for a bearish vote $BYD COMPANY(01211)$ as majority of the Chinese shares start to loss momentum this week. XIAOMI Xiaomi Motors has received more than 100,000 locked orders. Xiaomi has also delivered nearly 10,000 cars in June. The first electric car from Xiaomi has been successful. However, Xiaomi is already working on another model, possibly a hybrid version of the Xiaomi SU7. A company official has accidentally exposed the development through a screenshot containing the job description and requirements. Xiaomi daily chart Xiaomi has a stronger chart pattern if compared to Tesla and BYD. It is in an obvious uptrend since early March. However, starting from the month of May, Xiaomi began to retrace. Aligned with my prediction last weekend, Xiaomi rebounded perfectly at the neckline support at 17 HKD and engaged towards another round of rally. For such, I am bullish for $XIAOMI-W(01810)$ in short term, trusting that the uptrend momentum will continue next week. Do you prefer the older classic leader Tesla or the new Chinese EV leaders like BYD or Xiaomi? @TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerGPT