Very normal market behavior (sarcasm). TSLA putting in new all time highs in price while MACD and Acum/Dis oscillators diverging. Great spot to start shorting this nonsense. Minimum move down to $646 per share.
Nothing clear cut I'm seeing in the charts; this is more of a gut call. I'm looking for a reversal to the 7700 level, where I expect we'll see a reaction. I'm opening short positions against the high of day today. Start the position small and average in, should the position perform positively.
Accumulation looks encouraging, though the fundamentals show little improvement. This trade is more speculative than others, so size positions accordingly. Best case scenario can take this stock to roughly $240 per share.
This is a gift: buy long contracts with time, and this trade should be very profitable. RSI is showing clear bullish divergences, and the day will likely end with a solid tail candle. Primary price target of 28.75.
No, it's not COVID-19, it's the cycle. As impressive as the sell off has been thus far, this is just the tip of the iceberg. Over the next couple of months, the equity markets will likely recover some of their losses. However, keep in mind that the cycle is far from over, and investors should consider diversifying portfolios across multiple asset classes.