DFLI

Good morning!

It has been a tremendous week of opportunities so far.  I hope you have been making the most of it.

As a quick recap, I just alerted you to two “bottom bounce” plays this week already.

The idea I shared with you on Monday has been on fire.  It closed yesterday up over 45% from where you got the chance to see it before the market opened on Monday.

That would be more than enough for most people in a whole week, but then yesterday, I followed up with another idea that went absolutely bonkers in the first hour of trading.

The stock I showed you yesterday shot up over 60% just minutes after my emails went out.

Honestly, I am pretty happy when I can find a short-term idea that moves just 10%, maybe 20%.

This week has been exceptional for sure… so let’s keep going!

The stock I want to show you today isn’t coming off of oversold levels like the previous two.

No, this stock has been one of the strongest in the entire market over the last several weeks.

Go to your favorite platform and pull up Dragonfly Holdings (DFLI) right now, and you’ll see what I mean.

As usual, I want to show you what I am looking at on the price chart right now.

As I said, DFLI has been on a tear recently as investors have pretty clearly changed their opinion about this little tech stock.

The main catalyst for that was DFLI’s last earnings report in April (you can read it here).

Look at the chart below, and you’ll see that in the weeks that followed that report, the stock has been on a moonshot higher.

It rallied over 180% during that period.

Now, I typically find that moves of that magnitude don’t usually break down and go back to the low levels they came from anytime soon.

There is always a natural pause in the uptrend, which you can see when DFLI started to trade back under the 20-hour line (yellow line above). Also, the AI program flagged a downtrend with the purple bars.

So the question is, when do you start looking at it again?

I think the time to look at DFLI is right now!

Look at how the stock is now trading back above the 20-hour level for a few days, and the trend change is signaling that it is on the cusp of switching back to bullish.

As I start looking at the trading levels, this is a very compelling stock to watch.

First, start with the downside possibility (always have an exit plan!).  The stock bounced right off the $.90 level recently.  If that gets taken out again, I would personally take it off my list until it shapes up again.

On the upside, the first important level is right around $1.18. 

That is where DFLI found resistance on the last move higher.

If it can break and hold above there, it could then become a new support level.

After that, I think the next key level to watch is around 20% higher, around $1.40. That is where the stock topped out on the big breakout earlier this month.

If DFLI can manage to break through that big level, things could really get spicy!

I absolutely love this company, and the stock chart is looking amazing to me right now as well.

Make sure you look into DFLI this morning and see if you agree!

As you’re researching this stock, I put together a “highlight reel” below to give you a good feel for what the company does.

Dragonfly Energy Holdings Corp. (DFLI) designs and assembles industry-leading lithium batteries across a variety of markets, including RVs, marine vessels, residential off grid & backup storage, and industrial applications.

The company’s leading brand, Battle Born Batteries (I love that name), is a household name in the RV industry especially, with leading names like Airstream, Tiffin, and Keystone RV installing the batteries OEM from the factory.

The company was founded in 2012 by Dr. Denis Phares, a former tenured professor of aerospace and mechanical engineering at the University of Southern California.

In his research, Dr. Phares discovered a new way to produce lithium-ion cells without the toxic solvents and with lower costs. He started Dragonfly to bring his breakthrough to market.

The first Battle Born batteries shipped in 2016, and today, more than 275,000 are in the field.

The company has more than 90 filed and pending patents, including more than 30 in the U.S.

Looking around the web, it’s clear Battle Born is a household name. 

Reviews of the batteries on YouTube have hundreds of thousands of views, and this clip from the Joe Rogan podcast touting the usefulness of Battle Born batteries in live-in vans has 1.4 million views.

This Battle Born listing on Amazon has over 800 ratings at an average of 4.7 stars ⭐.

It’s easy to see why. 

When DFLI came on the scene, lead acid batteries were the standard. The trouble is that those batteries are dangerous to the customer and incredibly toxic to the environment.

At the same time, Battle Born batteries “provide significant weight savings, up to three times the power, five times faster charging, and last over ten times longer.”

Another huge benefit is that because the batteries are so powerful, they can run high-energy appliances without the need for an engine or generator. 

If you’ve ever been to a campground that has RVs, you know how disturbing generator sounds can be. 

Just in October, the DFLI announced its move into the heavy trucking industry with the Battle Born All-Electric APU (auxiliary power unit). The system “provides ample wattage to run auxiliary power on trucks, even when such trucks are not running.”

That’s a huge breakthrough for sleeper trucks, which typically have to idle to power appliances or HVAC units.

The company has “secured pilot programs with fleets representing roughly 15 percent of the North American heavy-duty trucking market.”

One of the best things about the company is it’s headquartered right here in the good old USA — Reno, Nevada, to be precise (the “lithium capital of North America”).

That’s important for patriotic reasons, but also because the batteries are designed and assembled right in Reno, ensuring quality. I’m sure you’ve seen the headlines about battery injuries and deaths from poor-quality, overseas batteries.

It’s also important because it qualifies DFLI for significant government money from the Inflation Reduction Act (IRA), including a “$35/kWh tax credit awarded for battery cells produced in the U.S. & an additional $10/kWh for battery modules.” 

DFLI expects to qualify for both credits by this year.

The company has had more than $225M in revenue since 2021, and its OEM revenues are increasing at an annual growth rate of 179% since 2019.

I’m really just scratching the surface on this awesome company, but there’s tons of stuff out there for you to do your own research. To get you started, I recommend checking out:

Spend time right now doing your own research on the stock, and of course, always approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.

Bottom line: There is so much going on with DFLI’s business right now, and investors have definitely started paying attention to it again.  I think this is not just a great short-term opportunity to look at, but keep your eye on it for the long run as well.

But it all starts today… so get DFLI on your screen and start watching it even before the market opens!

To Your Success,

Jeff Bishop

P.S. Make sure you join me and over 1000 traders in the Market Master’s trading room today for live trading signals and education. You can access it at no cost right now.

 

 

*Just so you know, what you’re reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let’s be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren’t what you’d call “typical.”

Just a quick heads up about this ad you’re reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we currently have received seventeen thousand five hundred dollars (cash) from Interactive Offers for advertising Dragonfly Energy for a one day marketing program on may 22, 2024. Previously, we received nineteen thousand dollars by ach bank transfer by Lifewater Media for advertising Dragonfly Energy for a two day period starting on june 5, 2023.  Prior to that, we received fourteen thousand dollars by ach bank transfer by Lifewater Media for advertising Dragonfly Energy for a two day period beginning on April 12, 2023. These amounts were paid by someone else not connected to Dragonfly Energy. It might be obvious, but whoever paid for this might own shares and is likely looking to sell some or all of them at any time after we send out this information, which might affect the stock price. We may also buy or sell shares in the company at some point in the future, although neither RagingBull nor its owners own any shares of the company at this time. Also, keep in mind that due to the sheer size of our audience, if even a small percentage of people decide they want to buy this stock, it could potentially boost interest enough to hike up those share prices and cause a temporary spike, and the opposite is possible as our program ends, though that is not always the case.

Now, diving right into Dragonfly Energy might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there’s exceptional risk involved in trading. This isn’t small potatoes we’re talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We’re shining a light on the good stuff about the company here, but it’s on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.

Oh, that brings us to another crucial point—we’re not here to tell you (or even recommend) what you should do with your hard-earned money. We’re simply sharing our non-expert thoughts by highlighting some companies we like that could use some help telling their story to more people. We’re obviously biased in our writing. We’re not here to dig into anything that may be negative about the company; this is advertising, after all! Also, keep in mind that if we make some predictions about the future, these are technically known as “forward-L00king statements” under the securities acts, so take those with a grain of salt. As with all forecasts, they’re not set in stone, often wrong, and we certainly can’t know where the Company’s earnings, business, or share price will be tomorrow or a year from now.

Everything you read from us is all for your education, information, and possible entertainment. While we believe the info is reliable and accurate, we can’t wear a cape and guarantee it. Before you jump into anything, make sure to talk it over with a pro—someone you trust who’s licensed to give you real advice. To be clear, 

Neither Raging Bull nor its owners, employees, or independent contractors are registered as a secur1ties br0ker-dealer, br0ker, 1nvestment advis0r (IA), or IA rep’s with the SEC, any state securities regulat0ry authority, or any self-regulat0ry organization.

So, that’s the scoop! If you’re intrigued and want to learn more about the companies we talk about, hit up the SEC’s website to dig into their filings and see the full picture.