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[WSB] The Technicals Behind TSLA (Trading Plan)It's time for another analysis for our alltime favorite Tesla (TSLA). I don't have an intro ready so ... this stock is basically a Meme. The monthly chart looks hilarious and many of my favorite analysts failed to call a good opportunity for a short position. It's like a big warning sign at the end of the road - DON'T SHORT TESLA! What we can see on the chart is a pretty healthy (which is kinda weird). And whoever spotted one of the many different triangles (symmertical, ascending, declining, you name it) during this bullrun, definitely made profit. TSLA recently broke out of a symmetrical triangle with a very strong impulse. The price tends to move upwards in a channel after a breakout of this pattern. The support of this channel has been tested yesterday. The price bounced back today and we can now aim for the top of the channel as our main target. Here are some numbers that might be important for this trade Use $550 - $570 as an entry Close your position $670 - $690 before 16th December Set your Stop Loss below $520 Everything else is explained on the chart. This is not a financial advice. cheers
NASDAQ:TSLALong
by Anton_XBT
7
[WSB] The Technicals Behind PLTR (SPOILER: MOON! 🚀 )This is the most clickbait-title i've ever used but guess what, there's a reason for it! Palantir Technologies (PLTR) is the november stock that made everyone rich (except me). But i got something for you: there is a decent chance for another pump towards our previous high. So we might be able to lock in another 20%-30% profit (if just buy the stonk :-)). PLEASE BE CAREFUL: We can see a divergence with the price action and the MACD/RSI, which means that the price has been moving up, but many people obviously took some profit (or simply switched over to GME). A STOP LOSS IS MANDATORY IF YOU TRADE THIS STOCK! Everything is explained on the chart. Here are some levels that might be important for you Enter below $27.50 Place your Stop Loss $23.60 Target $33.00 and secure your first profits This is not a financial advice. cheers fellow autists
PLong
by Anton_XBT
14
SPY - PPPSPY has broken down from the ascending channel defining the rally from 3/23/2020 to 6/8/2020. It's possible we retest the bottom of the channel as resistance, however, with the large amount of bearish momentum we may just continue straight down to 293. By the end of the month we should be able to tell if this is the end of the bear market rally or if it is a correction leg down before a push up to test the all time high. I am holding $300 puts in the near term, if we retest the bottom of the channel I will be loading up on $295 puts. Puts puts puts (PPP) XD
AMEX:SPYShort
by fibtastic5