Standard and Poor's 500 index successfully retested the weekly RSI and is lifting off from there. TA Bixches!!
TAN has made new recent highs. This solar thing is going strong. Could trend for a while. The imaginary channel helps make sense of it.
RSI divergence is there but price action could defy it for another leg up.
SHOP just hit the 1.618 at $590. If it makes it to the 2.618 fib it will be $879. This could be traded but perhaps should be a long term hold considering that could all happen just this year, IF the imaginary channel is respected.
SPX seems to have left one channel to form another steeper upward one. It dipped to retest the previous channel. Seems well enough, but a divergence seems to be forming. Could test the top of the lower channel again, among other possibilities.
Lower part of channel is lower risk. Batteries are becoming a thing.
Not many people offering trips to space. Chart looks good on the breakout. Earnings could be poor this quarter, but should get better once they open their amusement ride.
Lots of long term potential on this one in my opinion. They need to secure financing long term , however.
Low risk High reward. Not financial advice. I'm a hack. Manage your risk. Live life and take chances. ;-)
Will UBER drop back into the larger channel or maintain the trajectory of the smaller, steeper one?
.618 and .786 are high likelihood potential targets.
May retest the uptrend line for support.
Looking good for positive price action.
Above the lower channel but below the downtrend line. Will it break upwards? How do you see this chart?
The RSI on the 2 hr chart broke out and bounced after it re-tested the RSI trendline I drew. That told me there was more fuel in the tank of this rocket. Good luck everyone. Be careful.
Interesting spot, here.
Been following this channel. No I did not buy all these bottoms perfectly. but this demonstrates the pattern thus far nicely and potential next price action movement. Are you holding, trading or seething? How do you see it and whats your plan? When is the larger retrace? Not financial advice. I don't know what I'm doing. Just playing with TA Good luck and have fun.
TSLA is trading mostly in a channel during this uptrend. May touch $550. Then possibly up to $612. Then target of orange rectangle is complete. (Derived from previous extended period trading range rectangle. Target is double the height of that.) After that a 50% fib retracement, (not shown) will bring us back to bottom of orange rectangle $390 area but TSLA is...