Top EV Stocks to Watch This Week

2020’s top EV stocks have been trending down since February…

It’s not for a lack of movement in the sector. Ford (NYSE: F) recently reached a five-year high after tripling its SUV sales and has an electric F-150 in the works. General Motors (NYSE: GM) pledged to go all-electric by 2035. Volkswagen AG (OTCQB: VWAGY) is taking on Tesla in Europe.

These mainstream stocks have been soaring. At the same time, the top EV stocks of 2020 have taken a beating.

Are EV stocks a good buy?

2020’s hottest sector still makes the news. And big volume still comes in when it does.

That’s what I prepare my Trading Challenge students for.

It’s not about guessing what’s going to move in advance. It’s about knowing these stocks — and being prepared when they do move.

7 EV Stocks to Watch

Preparation is why I’m giving you this list of EV stocks to watch.

Let’s be clear — I’m not telling you which EV stocks to buy. I don’t know that, and neither does anyone else.

I’m sharing stocks that have moved in the past. And I’m telling you why I think they can move again.

Top EV Stocks to Watch This Week #1: AYRO Inc (NASDAQ: AYRO)

AYRO made my last EV penny stock watchlist…

What has it done to rate another mention? Not much — but the right catalyst could spark new action.

It’s bounced around the $4­–$7 range for months. It hasn’t decided on a direction. Shorts have been hovering.

In July 2020, I bought and sold AYRO in the low $3s.* The next trading day it ran into the $8s. That’s OK. I often sell too soon.

This stock has run in the months since … and dropped as well.

Top EV Stocks to Watch This Week #2: American Battery Metals Corp (OTCQB: ABML)

EV battery stocks were a hot play when the sector was running…

I stuck to morning panic dip buys then. Here’s a Tim Alert from December**…

It wasn’t a perfect trade. I didn’t nail the bottom and I sold too soon. But I followed my plan, and still made a $5,521 profit.*

Now, ABML’s back in the news.

Uplisting to the Nasdaq is just the most recent catalyst…

The market wants to see results these days. ABML might be ready to start providing them.

Top EV Stocks to Watch This Week #3: Enerkon Solar International Inc (OTCPK: ENKS)

ENKS was on a watchlist I sent to 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’s it doing on an EV watchlist?

Right when the EV craze was kicking off, ENKS bought into a company that makes EV batteries. Nothing happened for a while…

Then in February, the stock went parabolic.

So $TSNP $SIRC $ENKS are all on the verge of giant intraday panics, congrats to shorts who are ready, I’ll just wait for the https://t.co/aICa7zzdDq and https://t.co/4lKUY5SH24 pattern, straight #4 and #5 from my 7-step Framework, study my @30DayBoot if you don’t understand

— Timothy Sykes (@timothysykes) February 8, 2021

Stocks like this have a knack for releasing news when the market’s receptive. This might not be the last we’ve seen of ENKS.

Top EV Stocks to Watch This Week #4: SPI Energy Co., Ltd. (NASDAQ: SPI)

If you followed me during the golden days of the first EV boom, you might remember SPI.

In September, SPI absolutely blew up. It went up 4,000% after announcing its new EV wing, EdisonFuture.

But in the months since, no Tesla-killer moment came for SPI.

The stock is back near penny stock levels. There’s no telling if SPI has another trick in its bag.

Top EV Stocks to Watch This Week #5: Kandi Technologies Group Inc (NASDAQ: KNDI)

After a brief return to penny stock land, KNDI is perking up.

Back when EVs were all speculation, it had some big runs. The last few months have been choppy, with decent spikes on news.

It’s a local stock in one of the world’s biggest EV markets, China. I wouldn’t underestimate this one.

Top EV Stocks to Watch This Week #6: ElectraMeccanica Vehicles (NASDAQ: SOLO)

Sometimes Tesla sympathy plays can be random.

Take this EV car stock’s 7% spike in June. Apparently, it was all due to a Morgan Stanley endorsement of Tesla … which mentioned rising gas prices.

And did I mention that it’s run before?

Gas prices have been rising the whole time that EV companies’ stocks have been falling. It didn’t make a difference before now.

That’s the reason we have watchlists — you never know when a stock will pop. But you want to be prepared for it.

Top EV Stocks to Watch This Week #7: Ideanomics (NASDAQ: IDEX)

It’s been three months since I last spotlighted IDEX … It’s still chopping its way down.

That’s not so bad for the patterns I teach my Challenge students. I tell them to look for volatility — and this stock has it.

WOW $IDEX be sure to take profits into this madness in the 2.20s, congrats to all longs, whewwwww!

— Timothy Sykes (@timothysykes) June 17, 2020

If you don’t know how to trade volatility, check out my no-cost “Volatility Survival Guide.” You’ll need it for some of the moves stocks like this make. IDEX has had some small runs, even as it trended lower.

This stock still moves on news, like its recent entry into the ranks of EV charging stocks.

Get the Stocks I’m Watching Delivered to Your Inbox

EV stocks have been 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 could run in the future…

If you’re serious about trading, you need to be putting this work in too.

I don’t want you to copy me — I want you to learn from me and start making your own picks.

Sign up for my no-cost weekly watchlist here.

You can also check out updated watchlists every trading day…

Conclusion

Creating watchlists is the first step I teach my Trading Challenge students. But there’s a lot 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 this isn’t easy. Thinking that way is why most traders lose. It’s also why I don’t accept everyone in my Trading Challenge.

If my process makes sense to you — and if you’re ready to work — I’d love to share the next steps.

Apply to my Trading Challenge here.

What do you think about the EV sector right now? How does my watchlist match up with yours? Let me know in the comments — I love hearing from my readers!

Disclaimers

*These results are not typical. Individual results will vary. Most traders lose money. These top traders have the benefit of many 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’ve also hired Jack and Kyle to help in my education business.

**Never attempt to copy or mirror the trades discussed on this website or in the Breakouts & Breakdowns alert service. Attempting to do so may result in substantial financial losses. Breakouts & Breakdowns alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained by the instructors.

Source: https://www.timothysykes.com/blog/top-ev-stocks/