NASDAQ:TSLA had a velocity run on the release of its production update for Q2. Velocity runs have gaps between candles which do not overlap. It is a run of enormous speculation to gambling mode and the professionals are taking advantage of it. Notice the pro trader setup candle patterns prior to the retail side getting the news.
VELO is perfectly following my plan and it's giving us a good opportunity to accumulate longs before it will pump hard. It's forming a nice range in the accumulation zone, and i expect a pump in the coming days. I think it will reach new local top before mid June.
Recently i has seen a huge and fast pump on VELO. I read some people writing like they missed the VELO train. Looking at the daily chart, it's not like that. This is just an early move, the real pump will begin soon. I marked some targets: $0.035, 0.07, 0.1, 0.14. You have all the time to buy and accumulate, considering is actually breaking out from a long...
Should to return to either, or both, previous climbing velocity or longer trend velocity if on route to new ATH. Previous Velocity would requite 17 days average minimum.
IBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit taking by Professional Traders, the stock price held above that resistance level.
Buybacks and Pro Trader activity drove AMD to a new high with a velocity run.
ADBE gapped over a short-term high resistance area and moved up on a velocity run. This is a new all-time high for ADBE.
Visa had a velocity run that took the stock to a new all-time high recently. The run concluded with Professional Traders taking profits quickly.
AXP has a technically perfect “Velocity Run” which is very different from a momentum run. The velocity run ended with a profit-taking day on this chart.