I am long on GOOGLE as it has put a lower highs confirming continuation of the upward trend. GOOGL has put a 78% FIB retracement of the last move towards 1040 and continued to break above 200ema which confirm the bulls still in play.
The targets for this is the recent highs (Also an unfilled gap at 1290)
Stops below the swing lows and a round number at 1000
I primarily focus on cryptocurrencies, but since many are stagnating at the moment, I'm looking at some other assets for possible setups. If I had some extra investing capital right now, I'd actually enter a small position here. The market seems to be overreacting a bit, and TLRY is now at a prior resistance level turned support. If it can bounce here (ultimate...
TSELA tanks after the earnings announcement and will possibly continue to make a new range between 277 and 175.
Therefore its a nice SHORTING opportunity for traders.
If TESLA go back up towards 250-275 levels to close some of the GAP created after earnings, it will be a nice area to get short with stops above 336 (76% of the recent FIB retracement) and target 175 levels
Tesla is a stock that has very big swings up and down, forming a ranges over a long period of time, each time the stock breaks through a KEY LEVEL in the market, it puts a retracement and creates a new range.
In April TESLA INC broke through the 250 level (Bottom range of the channel) potentially looking to create another rage.
Traders can look to take advantage...
Netflix is potential short if breaks below 362. The target is 38% retracement from the lows to highs at 327. And stops above the highs at 390. I am expecting at least 1:1 from this trade.
NFLX has rejected 380-385 key level multiple times and now expecting a correction.
Natural Gas has been consolidating after huge sell off today. UGAZ and Natural Gas has potential to bounce off the 1 hour 180 day EMA for a 7% return. Wait for confirmation of higher lows and higher highs before entering trade. Observe UGAZ during market open for confirmation of upward push.
RADA looks to be forming cup and handle pattern on daily chart. Looks to have already completed 1st and second wave in uptrend (2 of 5), which also filled a previous gap.
This stock seems to be flying under the radar ; )
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The stock price just bounced from its major support yesterday and now it is going to test its resistance. If it could cross above $87.5 area with high volume, there is a probability the price would reach $98 or even $106.