Electric Moves
Seeking Alpha Analyst Since 2020
I am more of a DD trader jumping all in pumping ect really are not my favorite things. I am neither Bear nor Bull just simply a trader, logged in from 3AM on always looking reading measuring candles ect. My main technical charting stands with three basic principals, Volume, LS%D%K and EMA 50. Nevertheless I respect anyone's valued opinions thanks for looking....
Summary
- Institutional buying is up this is a good sign potential is right around the corner.
- What's the potential for this company in the next year.
In my trading opinion its always generally a good sign to see institutional buying. From time to time we get the opportunity to follow something from the ground floor that eventually leaves PENNY land and breaks that 3 dollar mark. IDEX would would I put my entire portfolio into this company No... Would I invest by buying 2.5-5k shares absolutely but I follow my trades with every minute of my day. Watching reading looking always for the next big thing. One just has to go to Ideanomics web site to see the seriousness of their market.
EV or electric vehicles are becoming increasingly important over the next administrations time in office and hopefully regardless of political climate in the Oval Office we will see continued growth in that sector. Has anyone really thought of how many tractors are currently in service just across the USA right now. That number ranges in the 1.4 to 2.4 million. That's a lot of market considering the average price per unit and the cost of fuel. Just checking the figures at the low end their is a base potential of $103,600,000,000.00 USD. Plenty of room for new sales opportunity.
With the new administration moving into the White House I think we will see tax incentives take shape to remove the fossil fuel burning engines across the board and move to EV units in the next 10 to 15 years.
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