Tesla is always trading in harmony.
If the share price reach 257.60, then the share price is more likely to retrace because:
*That's the level at which the AB=CD pattern is completing
*Its the major resistance level
Classic AB=CD Pattern is about to complete. Just wait for the price to fall to 96.30 and the initiate a long position with the target price of 103.38 (consider the first target of 100.74 to lock in some profits)
Cisco Systems is developing a very nice classic bearish bat pattern. Should the stock reach the price of $25.92, I might consider shorting the stock. make sure the stop losses are properly place above "x" and target 1 and 2 at 61.8 retracement and 38.2 retracement respectively. The stock might even retrace to $20.28 if Cisco Systems miss the analyst estimates...
50% retracement is not one of my favorites but the pattern is still valid and this might be a selling opportunity if reversal patterns start developing in the next few days. Also take note of bearish divergence on the RSI
Just wait for the stock to hit 178.20 and wait for reversal indication before going long. The stop loss should be between 177.50 and 160.77 and the first target price is 209.85 and the second target price is 231.90