Just my thought / prediction. I think TSLA initially falls back into the recent trend before the giant spike.
That may go for a bit but then it will likely fall to around $580 before continuing on a more normal path.
I doubt it actually falls to the 450 level again to the more reasonable trend - it has too much behind it.
The old trend prior to profitability is...
We saw this excitement a few months back. May not make it all the way to 6.00, but it has the potential. Longer trend shows 3.80 peak isn't out of question.
Other analysts think 20.00+ in the near future. Obviously I'm bullish, but I'd hate for others to miss the fun. I think today is just about consolidating positions and taking the quick profits from over the weekend.
ROKU has held up pretty well considering all the news of stock sell offs. A lot of people want to scare people off this stock so they can get in at a buying opportunity.
It's been in the middle of the longer term main channel (dark blue lines,) and it's at the bottom of this shorter term channel (light blue.) Having a hard time breaking past 165.
CDNA is at the bottom of its old trendline and should start creeping back up in the next month - Potential $25-30 range.
Recovery angles have trended the same over its history. I think $19.70 was its bottom out, and there should be a nice 20-30% recovery in the next month.
Observations, not advice.
Just amateur analysis.
It could keep climbing on momentum for the short term, but based on previous pullbacks, there could easily be some room for a $10-20 correction in front of the trade deal.
I got out of my positions around $255. I'm not quite willing to short, but not buying in again till I see it correct.
Not advice, just observation.
Fair value is about $73 right now anyway - So it's a great deal at the overnight trading level. A lot of people will sell off and it will drop to the 60s only to be bounce back up to the 70's and eventually (1 month out?) get into the channel again where we left off on 11/4. Will be a great buying opportunity this morning.
Obviously, this is not advice, just...