We can see price has been trading within the 10.75 and the 9.25 zones since the middle of March. Today we saw a strong push upwards that may continue and end up breaking to the outside towards the 12.25 zone. We'll keep an eye on this stock and react accordingly.
Price has been on a steady uptrend since the beginning of July 2022. Looking at higher timeframe charts we can see price forming a head and shoulders around the $333 zone which could signal a reversal coming soon given if there's enough downward momentum. If price breaks above the $333 zone, this head and shoulders pattern would be considered a failure. We'll see...
Price is currently sitting on a support line struggling to hold it. I believe in the next coming weeks we could see a break of this support and see price drop lower into the $10-$8. I will be looking for a put option once price pulls back for a retest (white arrows).
Netflix is currently sitting on an upward trendline, there are only two options for where this could go. I see this trendline bounce failing and a downward trend starting but we'll see how the markets react on Monday. Have a great weekend everyone!!
Price recently broke a 2-month trendline today as well as forming a double top at the $275 zone. As of now, I'm looking for a retest of the 261.50 zone and a strong indicator signifying a continuation of this downward movement.
Price has been forming a descending triangle over the past few months after its quick drop from $25 to $11 in the first half of 2022. On top of this information, we can spot a gravestone doji when price tried to break out of this descending triangle but failed.
Tesla has been on an uptrend since the beginning of this year. We recently saw a break of this trend below $200 and price is at a very key spot sitting at the $195 level. Waiting to see if price has the momentum to continue its uptrend or fall.
After the failed bullish pennant last week price fell below the 185 zone. I believe we'll see a retest of this level and depending on the momentum we will either see a break upward or a start of a downtrend.
Price broke the current trendline it was holding since the beginning of this year. It is currently retesting this trendline and making a head and shoulders at the same time. We'll see what happens next...
Price may push a little further down and hit the $202.25 support level. After that, I'm anticipating price to retest the $207.75 level and it will either fail or break it. Personal, it looks like a break and restest but we'll how it plays out. What do you think?