The top EV stocks of 2020 have been trending down since February …
It’s not because of a lack of movement in the industry. Ford (NYSE: F) recently hit a five-year high after tripling its SUV sales. General Motors (NYSE: GM) plans to drive all-electric by 2035. Volkswagen AG (OTCQB: VWAGY) adopts Tesla in Europe.
These mainstream stocks have skyrocketed. At the same time, 2020’s top EV stocks have taken a hit.
Are EV Stocks a Good Buy?
The hottest industry of 2020 is still making the news. And when the time comes, there will always be a lot of volume.
I prepare my Trading Challenge students for this.
The point is not to guess what will move in advance. It’s about knowing these stocks – and being prepared for them when they move.
7 EV stocks in mind
Preparation is why I am giving you this list of EV stocks to keep an eye on.
To be clear – I’m not telling you which EV stocks to buy. I don’t know, and neither do the others.
I am sharing stocks that have moved in the past. And I’ll tell you why I think they can move again.
Top EV Stocks To Watch Out For This Week # 1: AYRO Inc (NASDAQ: AYRO)
AYRO made my last EV Penny Stock Watchlist …
What did it do to evaluate one more mention? Not much – that’s the point.
It has jumped around the $ 4 to $ 7 range for months. It didn’t choose a direction. The shorts floated.
In July 2020, I bought and sold AYRO in the low $ 3s. * The next trading day it ran down to the $ 8s. That’s OK. I often sell too early.
This stock has moved and fallen in the months since …
That’s enough for me to look further.
Top EV Stocks To Watch For This Week # 2: American Battery Metals Corp (OTCQB: ABML)
EV battery stocks were a hot game when the sector ran …
I then stuck to the morning panic dip purchases. Here’s a Tim Alert from December **:
It wasn’t a perfect deal. I didn’t nail the floor and I sold too early. But I followed my plan and still made a profit of $ 5,521. *
Now ABML is back in the news.
Inclusion on the Nasdaq is just the latest catalyst …
The market wants to see results these days. ABML may be ready to deploy them.
Top EV Stocks To Watch For This Week # 3: Enerkon Solar International Inc (OTCPK: ENKS)
ENKS was on a watchlist I sent my Trading Challenge students after it ran in May …
It ran on news of a major order for a COVID-19 Insta test. And it’s a solar company.
So what does it do on an EV watchlist?
Just as the EV craze began, ENKS bought into a company that makes EV batteries. Nothing happened for a while …
In February the share turned parabolically.
So $ TSNP $ SIRC $ ENKS are all on the verge of a huge intraday panic, congratulations to the shorts ready, I’m just waiting for the patterns https://t.co/aICa7zzdDq and https://t.co/4lKUY5SH24, Straight # 4 and # 5 from my 7-step framework, study mine @ 30DayBoot if you don’t understand
– Timothy Sykes (@timothysykes) February 8, 2021
Stocks like this have a knack for breaking news when the market is receptive. This may not be the last time we saw ENKS.
Top EV Stocks To Watch For This Week # 4: SPI Energy Co., Ltd. (NASDAQ: SPI)
If you followed me during the golden days of the first EV boom, you may remember SPI.
In September SPI absolutely exploded. It rose 4,000% after the announcement of its new EV wing, EdisonFuture.
But in the months since, there hasn’t been a Tesla killer moment for SPI.
The stock is back near penny stock levels. There is no telling whether SPI has any other trick up its sleeve.
Top EV Stocks To Watch For This Week # 5: Kandi Technologies Group Inc (NASDAQ: KNDI)
After a brief return to Pennystock country, KNDI is awake.
Back when EVs were still speculation there were some big runs. The past few months have been choppy, with some news spikes.
It is a local stock in China, one of the largest EV markets in the world. I would not underestimate this.
Top EV Stocks To Watch For This Week # 6: ElectraMeccanica Vehicles (NASDAQ: SOLO)
Sometimes Tesla sympathy games can be random.
Take that e-car stock’s 7% rise in June. Apparently it all stemmed from a Morgan Stanley endorsement from Tesla … which talked about rising gas prices.
And did I mention it’s been over before?
Gas prices have been rising all along while EV company stocks have been falling. So far it has made no difference.
That’s why we have watchlists – you never know when a stock will appear.
Top EV Stocks To Watch For This Week # 7: Ideanomics (NASDAQ: IDEX)
It’s been three months since I last put IDEX in the spotlight … It’s still hacking down.
That’s not so bad for the patterns I teach my Challenge students. I tell them to watch out for volatility – and this stock has it.
IMPRESSIVE $ IDEX Be sure to take profits into this madness in the 2.20s, congratulations to all the longs, wowwwww!
– Timothy Sykes (@timothysykes) 17th June 2020
If you don’t know how to trade volatility, check out my free Volatility Survival Guide.
You’re going to need it for some of the moves stocks like this make. IDEX had more than 10% runs even when it was trending down.
This stock is still running on news such as the recent entry into the EV charging stock ranking.
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EV stocks were hot … but I don’t play favorites.
I stay aware of the trends. The stocks on this list are just my best idea of EV stocks that might run in the future …
If you are serious about trading, you need to do this job too.
I don’t want you to copy me – I want you to learn from me and start making your own decisions.
Sign up for my free weekly watchlist here.
You can also see updated watchlists every trading day …
Creating watchlists is the first step I teach my Trading Challenge students. But there is much more to becoming a self-sufficient trader.
I want to share the process with you – that’s why I became a teacher.
You should know that this is not easy. Thinking this way is why most traders lose. That is also the reason why I do not accept everyone in my trading challenge.
If my process makes sense to you – and you are ready to work – I would love to share the next steps with you.
Apply here for my trading challenge.
What do you think about the EV industry right now? How does my wish list fit yours? Let me know in the comments – I love hearing from my readers!
Disclaimers of Liability
* These results are not typical. Individual results may vary. Most traders lose money. These top traders benefit from years of hard work and dedication. Trading is inherently risky. Always do your due diligence and never risk more than you can afford to lose. I also hired Jack and Kyle to help out in my education business.
** Never attempt to copy or mirror the trades discussed on this website or in the Breakouts & Breakdowns Alert Service. Trying to do this can result in significant financial loss. Breakdown and breakdown warnings are not provided in real time. Because of this, it is very unlikely that you could buy the stocks at the same entry price or sell the stocks at the same exit price to get the same or similar profits that the coaches are making.