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Ideanomics Stock Update: IDEX (Ideanomics) is a company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech product. IDEX closely works with electric vehicles, EV batteries and electricity, and charging solutions (PLUG, NIO, SBE, FCEL, Etc.) In this Ideanomics Stock Update video, we cover the fundamentals of IDEX as a company, technical analysis, new support and resistance levels, average volume, volume moving average, short term price targets, and buy, hold, or selling opportunities on this stock.
IDEX Fundamentals: https://www.marketwatch.com/investing/stock/idex
IDEX Financials: https://finance.yahoo.com/quote/IDEX/financials?p=IDEX
IDEX 2,000 Cars News: https://www.thestreet.com/investing/ideanomics-idex-electric-vehicles-china?puc=yahoo&cm_ven=YAHOO
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What is up, everybody welcome back to traders trades where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks, i like the preface by saying that i'm not a financial advisor nor expert. I am just some random dude on youtube, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about thirty thousand dollars deep in medical debt, and i was very lucky to have some close friends and family who pushed me to work really hard and invest my money in the market, and I am glad to say that i am now a financially free man, so if i can pass along any of that information to you guys and change your lives just a little bit for the better hey, that's all a guy can ask for. Lastly, if you wouldn't mind drop a like on the video really does help support the channel and consider subscribing if you'd like to see more content like this, we did just hit 500 subs.

Today we were sitting at 200 two days ago, what the heck guys you all rock. I really appreciate the community we're building out here and uh with that being said, let's get right into ticker symbol, idex ideonomics incorporated, and i want to keep this video a little bit shorter. I know i've been kind of rambling on in my last few, so we're going to get right to the point here and just take a look at the technical analysis on this stock. So i have the one month chart pulled up specifically because the last couple days we've been on a little bit of a bearish run, and that is that can be a little bit concerning to some right.

But as i've stated before on this channel, idex is going to be a longer term play. If you really want to hit that over 10 price price range on the company, they are very developmental, yet um. You know we did talk about just recently how they had how they signed on 2 000 cars, and that was a great catalyst. I can show you right here where that happened in the market.

It was right here on this day, the very instant that news. Article came out: the stock went up from you know, 225, all the way up to a high of 280. So if you'd flip that around that's a pretty solid swing honestly, because if you, if you'd swing, traded that you could be very proud of yourself. But this is going to be a longer term play and, as i've said before, on this channel, a great way to take advantage of dips is not to sell.

If you don't want to buy high and sell low, you want to buy more when it's when it gets low when it dips, because like from for me, for instance, right, i bought in at two dollars and two cents, and i didn't sell at 280 because i Believe this, this stock is gon na be worth more in the long term. However, do your own due diligence due diligence? This is just my personal opinion. I am not a financial advisor nor expert, but i do think it is going to go higher than 280 and it might take some time, but i do think it will get there. So now that it's below my my average cost of 202, if it does dip below 197, like 190 185 180, i'm just gon na buy more shares guys, i'm gon na buy more shares.

I'm gon na dollar cost average down that way when it does go back up inevitably to 280 um, i'm just going to reap the more reap more benefits. I'm going to make more money because a i will have more money. In the stock b, my dollar cost average will be lower and c. Overall.

That just increases my position. That's that's! That's going to increase my return, so patience pays guys if you, if you want to swing trade, this great, that's a that's an awesome. This is a great stock for that this, this stock sees a lot of volatility, sees a lot of up and down movement. You can definitely do that, and i've done that before i'm not gon na lie uh.

If you want to long term trade, this great there's an opportunity to do that here. Um, that's that's my plan. This is going to be to me a kind of set it and forget it stock. You know - and i i recently thought you know - maybe i'm going to play this out as a as a three dollar.

You know two to three dollar swing trade, but i really do believe that if i just put a couple thousand dollars in this stock now three four five years from now, it is gon na be worth a lot more than that. I think three four five x is very possible. You know i could definitely see the stock going over ten dollars if they keep moving in the right direction. So with that being said, let's take a look here.

Real quick at the two day chart we're gon na establish some new levels of support and resistance and keep in mind before we do that that we are on a bearish run. That's just one two three bearish days in a row coming down from that 280 high. So it looks like we may be retesting some support levels here, we'll come back out to the one month and just draw those up quick. So we we previously had resistance that will act as support right about um, we'll call this yeah.

That looks pretty good to me. This looks like a pretty solid resistance level that will now act as support, because you see here we have one two contact points. We had a breakout here, came back down floating above that touched it and then once we broke this resistance level, we saw some pretty massive growth so that prior resistance level is now going to act as a support level. Since we are above the bar, so we're going to be watching for a dollar ninety two as a potential support for this stock in the short term, um, so watch for that watch for watch for a dollar.

Ninety two, if we do drop below that, it is possible that we see some lower lows on the stock and, personally, what i will be doing is increasing my position. Dollar cost averaging down. If that does happen, and i want to prepare you guys for the worst hope for the best prepare for the worst, it is possible that we see another red day on idex and that's okay. You can't go green every day.

That'd make the market pretty boring, but with that being said, these two levels were the prior levels of support, so they will act as a new level of resistance. So we can simply change the color on this to green same here, and these are now levels of resistance. So we are going to be looking first to get over two dollars on the day, because two dollars is going to be a psychological barrier for traders and then to get over 208 and 212. And if we can do that uh we should be looking at getting pretty close to two dollars and twenty cents, which would be a great step towards getting back to that two dollar and eighty cent one month high.

That would be a fantastic move for idex. Now, let's go back to the 10-day chart here i just want to take a look at volume. Volume is looking pretty solid. In fact, we actually have more volume in the last couple days than we have in the past granted it has been a sell-off.

So i imagine there are shorts coming in here that are taking advantage of the downswing on idex. That would not surprise me whatsoever, but volume drives volatility and volatility drives higher price valuations. So this can go both ways. If we see that same volume in the upside, we can.

We can very easily crush these resistance levels that we have, and the next one we'll be looking at is about you know, probably closer to here this prior level of support. At 232, but then at 240, so i hope that was helpful for you guys. I tried to cover everything on my note list right here as quick as i could, so i don't keep you for too long. If you have any questions, please let me know in the comment section down below uh: please drop a like on the video if you enjoyed or dislike, if you didn't either way.

I appreciate your support on the channel and consider subscribing if you'd like to see more content like this. I do post videos every day multiple times a day and i do cover ideonomics very frequently, so that is all i have for you guys today, and i will see you all next time: peace.

By Trey

3 thoughts on “Ideanomics stock update // huge buying opportunity? technical analysis”
  1. Avataaar/Circle Created with python_avatars RosePig Cooking says:

    Hoping this has a nice pop in 2021

  2. Avataaar/Circle Created with python_avatars Baoqiang Lin says:

    Potential to reach $10 on this stock, quite a let down on the fin tech business though.
    But there are so much potential in its EV business that they can leverage on, Treeletrik IPO and tapping into SEA market, Idex has signed multiple MOU & exclusive with China/Malaysia on EV supply, niche supply from Solectrac Electric Tractors, and funding from China. These data can be found in the company milestone page, just 1 or 2 of them coming true will transform the company completely.

  3. Avataaar/Circle Created with python_avatars Mando Monjaraz says:

    Would you buy in at $1.97, or wait it out till $1.90

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