Tesla $TSLA continues to forge higher. In this uncharted territory, I just follow the Fib. Your guess is as good as anyone! This is a guessing game played with proper risk management. Anyone tell you they have a holy grail setup is full of BS. GL.
NIO recently broke out from a fall wedge and it appears to be heading back to challenge the IPO low of 5.35. If it can move back into the IPO range, the next potential target could be near the 6.49 level. If this attempt fails, then it needs to hold the 4.00 support level in order to maintain its current momentum change.
After a huge run up due to the Middle East bombing from Iran, a dramatic reversal presented a potential bear flag trade on gold for the near term. Here are the possible entry, exit and profit target zones for this bear flag.
Talk about overvalued and over hyped up stock, AMD is one of them. It is trying to get above $50 and came up $0.04 shy of that level so far in today's session. Watch for potential daily reversal candle!
After a massive post earning move, NIO has pulled back into the mid 3 area and forming a potential balance area along with a descending wedge. If NIO breaks out of this balance area on the upside, then it will also breakout from the wedge that could possibly lift it back toward the 4.20-ish level.
TSLA $500 round number target was missed by $0.70 in pre-market today. It is appear to be pulling back and possibly test the ascending trendline for support. If it can bounces off this trendline, then look for a continuation move toward the $500 target level with a possible 100% symmetry measured move.