Tesla is once again in a giant bull pen that could carry it to 2000 and beyond. if this pennant fails, we could be retesting the lower FIB level around 1780
Completely forgot about my dark red down trendline that i had placed in 3 months ago. We hit it perfectly and retraced. Even with this small retrace, Elliot wave & Fib state we will make a 100% rebound from our initial fall from february. Expect IWM to head to 170 before novemeber.
Tesla is just a ridiculously overvalued stock, but dont fight the trend or the robinhood traders. This just broke out of a massive bull pennant that should propel it to roughly $1900. its stock split will easily push this to $2000 or... $400(after the split)
FB was in an extremely large CH that recently broke. The trump admin passing this executive order should throttle the market upward once again. I anticipate FB to $300 before months end, and possibly CH price target of 340 before the election.
AMD is set to run after this massive consolidation. Fundamentally this company has incredible numbers and is currently undervalued. Technically, we have a cup and handle with an extremely elongated handle. The CH could push the stock to 81 if we finally break 58.88. the bull flag on the daily once we break 58.88 could push the stock to roughly 75. The sideways...
NKLA has a couple more trend lines with soft support to break before we could really see accelerated downside to $25. There is support at $35. If we break these trendlines today, we could see $35 tomorrow.