Stock has once again formed a Bearish Flag, indicating further leg down. Short at break of flag
Coupled gaps below in the downward channel needs to be filled. Lots of selling pressure here, Great short opportunity as I have been calling since 60s. Heading to first gap at $22
New upward channel formed for the upside. RSI is oversold territory and Squeeze Mod tightening.
Keeping my price target since my last post about a double bottom. If it doesn't hold, then will see $15 and lower. I would continue going short. Currently not a long trade as all indicators are pointing much lower with more selling pressure.
The major trend line dates back since 2009. stock looks like it has continuing to sell off. Will not buy at current level. Wait for $96 aas it sits on major supports and trend line. With the COVID uncertainty, It looks like fundamentally, leisure stocks like Disney will continue to sell off.
If you draw a trend since 2011, it looks like it can retest the $134 level (which has acted as major support levels multiple times. I would not buy at current levels.
New wedge is forming with Bullish Pennant setting up for an imminent breakout. Great buying opportunity.
Great short opportunity as the weekly chart shows that last week, it has rejected again its top of the channel while in Scholastic RSI overbought territory. Heading lower.
it looks like it wants to retest $17 for a double bottom setup. If it doesn't hold then further downside. If it bounces. Short or Hedge with $17 Short put with a 5% stop loss for high premiums. $17 would be be great long trade for a higher risk/reward setup. Currently still in downtrend unless the trend flips.
Tesla Stock has formed a bullish pennant. It is currently consolidating and coiling through, looking for a imminent breakout in the near term.
It looks like further downside is intact, broke current support which will lead to more selling pressure to $17. If it doesn't hold then next target to sell down to will hit around $11.
Close right below in the smaller triangle, Watch for a continual price decline to the trend line
new channel created to the upside with a bullish price target of 1600 and low of 1315 by EOY.
SP has rejected at the top of the Descending Triangle last two times. It looks like another setup is happening again. Short opportunity for a PT of $14.
Nio is in a continual downtrend, making lower highs lower lows with new bear flags setting. Technical pointing more selling pressure. There is a gap at around 22-23 level. With possible delisting with SEC shortening the timeframe for chinese stock listing and Evergrande crisis, Nio looks to have further downside. Chinese banks are taking major financial hit due...
Continual downtrend intact. It looks like it wants to see $16 at bottom of the wedge. I would short at this level.
Down trending channel with continual bearish flags one after another. Short opportunity on any rally. lower lows set up.
I would say More Downside on wedge. Repeating pattern setup. 15-17 is the next support area.