WarrenYou

WarrenYou

It's been a nice couple weeks of ripping to the upside for Bank of America. Typically after earnings , banking stocks run and dump. BAC has seen nice follow-through, but I don't think these bulls are free and clear. Technically, here I will analyze 3 reasons why I'm short on BAC: 1. BAC is hitting tripple top resistance at the high 30 dollars area. Historically,...

WarrenYou

If Tesla can stay above $265 and can surpass $280, we can maintain the daily higher low pattern and continue moving up. After 4 days of upside, let's see how this consolidation looks. The next couple of days look interesting as a potential time to add to my position.

WarrenYou

Here's a simple chart based on resistance and support lines. Bitcoin is still downtrending and until it breaks out of the downtrending channel, we may see a drop towards the 6k (support 1) mark before we bounce out of this downtrend. Support 2 is the highly unlikely scenario if bad news piles on hard.