Similar run ups, similar hyperbolic moves up and similar levels. History may not repeat itself but it does rhyme. I have reason to believe TSLA may fall off especially if the over all market isnt doing so hot.
Will be watching the 482.90 level closely and the over all trend of TSLA.
So CAT has been has been consolidating between this 174.50 (resistance) and 170 (support) area. It has tested the resistance multiple times and failed now seems to be loosing strength to keep testing the resistance.
Ill be looking to see if CAT begins to form a down trend in the upcoming days and starts to test the 170 level support. I think its important to...
FB has been on a down trend as evidenced by the dotted line.
Additionally, I've selected three significant levels.
273.50 is the resistance because below this price is when the down trend started.
269.50 is the support, and the current trading price of FB over the weekend
265.70 is the previous support where FB found some strength in the past.
If FB hold...
This may take some time (say a week or two) to develop but essentially there are three levels that I think are key in determining whether CAT stays strong or breaks down. Those are 170, or the highest the stock has ever been and were it recently sold off. 155.40, Consistently served as past resistance until CAT broke through to reach its all time highs. Whenever...
Tesla has been in a constant down trend since Oct. 14. This ones a bit more vague but It seems Tesla is continuing to loose strength and no real sign the down trend will stop, but time will tell. I think its interesting that this is the first time its passed below the anchored vwap this whole downtrend, keeping that in mind, need to keep a close eye on Tesla to...
Since Oct. 12, Apple had a nice down trend, price in between two levels (105.4 and 112), which I think are important. 112 provided past support and 105.4 also provided past support. These two levels are significant to me for this upcoming week assuming Apple is following this down ward trend. For the open tomorrow I am interested to see how it reacts around the...
