TrailingVega

TrailingVega

This is a continuation of yesterday's chart where the weekly doji candle was present. Today's 1% drop is signaling further downside. We are on a weekly time frame, so we will have more reliable direction at the close of the candle.

TrailingVega

Apple has been forming a symmetrical triangle on the weekly. The next two weeks should be big moves for Apple. Chart shows no bias for the moment.

TrailingVega

I am expecting downside for PCLN from this level.

TrailingVega

Very likely for Tesla to be trading between $95-$100 heading into ER. Currently holding a straddle going into tomorrow's action.

TrailingVega

Long position pending on breakout. General markets are pulling back quite strongly right now so I doubt there is enough juice to push Apple over today.

TrailingVega

Wait for breakout before initiating long position.

TrailingVega

Apple seems to be making a run heading into its earnings, and there are several distinct entry points for the bull.

TrailingVega

Great rally by Netflix today, but it is quite important for Netflix to break above the high set in May. That is the first resistance.

TrailingVega

Today's close had Google finish above the downside trend line set from the ATH. The premarket topped out at the prior high of $910.83. It is important for Google to break resistance #1 and #2 in the next one to two trading cycles otherwise <$900 is coming again.

TrailingVega

Close above $911 today confirms breakout.

TrailingVega

Strong performance by Google today. If Google moves higher tomorrow and closes higher, then we will break the downside resistance back from May.

TrailingVega

Attractive action by Apple for the week. Yesterday we hit a hard resistance at the 20 day moving average but today the 20 DMA became a support at the closing. We closed 7 cents above the 20 DMA. My target price for Apple is $440 for next week.

TrailingVega

Tesla does not seem comfortable trading above $110. The lack of volume on the last pop >$110 indicates that the stock will head back and consolidate again at $90-$110.

TrailingVega

For the past three weeks Google has been forming a symmetrical triangle forming doji's at the support/resistance trendlines. Being patient here for a move will be rewarding.

TrailingVega

Waiting for a breakout.

TrailingVega

The 50 DMA proves to be a strong resistance once again. The support at 1605 is holding quite well.

TrailingVega

The price action led by Apple today has made me even more bullish than yesterday's action. Apple closed today right at the level where it spent consolidating before the early $420 move. This is all while the markets shed all their gains and turned negative for the day. The increase in volume compared to yesterday only further confirms that Apple wants a bit...

TrailingVega

Same chart as before, just further confirming the consolidation levels.