After intraday consolidation, Tesla, Inc. (TSLA) stock is moving toward 930 resistance (trend line t2) which presents a new decision point. In the 1st scenario breakout above 930 will likely signal new momentum of 70 points (toward 1000), while failed breakout (move below trend line t2) could be signal for a correction in the first wave to trend line support...
Tesla, Inc. (TSLA) intraday chart(60 min) analysis suggests two short term likely scenarios as price approaching inflection point at 770 area. 1st; A breakout above 770 (trend line t2) and new momentum toward 840 (Fibonacci projection), or 2nd; break below trendline (t1) and correction to support trend line in the 700 area. bit.ly
Teva Pharmaceutical Industries Limited (TEVA) – price is approaching lateral resistance in the 11.1 area which if broken could reverse the multi-month bearish trend and move price toward 12.00 area. Chart: bit.ly
Facebook, Inc. (FB) broke lateral resistance (an all-time high at 222.75) and continue higher in strong momentum which could be extended into the next few trading days and send prices to retest upper Bollinger band around 228. For potential entry watch for confirmation of trend around 223.7.
Beyond Meat, Inc. (BYND) is approaching a potential breakout point in the 132-133 area after two weeks of consolidation in a symmetrical triangle formation. Targets in a case of breakout: 140, 160. bit.ly
Apple Inc. (NASDAQ:AAPL) relative strength vs. S&P 500(TVC:SPX) is in decline last few days which suggests AAPL 2 month momentum is likely near its end. Watch for consolidation/correction toward 255 horizontal support in the coming days/weeks. $AAPL chart: www.traderhr.com