After the chart these correction patterns were last seen in August-September 2011. This is a healthy correction as long as it is kept within the main channel support line above 170. The market didn't want to go above 210's range, so this creates a wider trading range. If this breaks below 170 in the following weeks then we'll be in a bull market, if not this will...
After the dump it suffered after the ER the stock started to trade in a consolidating range with very few participation of the capitals who took it to the 280 levels. Today it tried to recover but in general the whole market was green as an average, so we could expect that some drops fell on Tesla too (watch out of the low volume). Is this an uptrend? In the...
The SPY has been inside a consolidating range between 204 and 212 for the last few weeks.
Tesla has to attract fresh investors. and 238 is the level where it has to happen if they want to break above the newly formed downtrend leg. The price could be bouncing between 238 and 265, but beware of the gap formed after the ER day at 254, this will be a resistance going to the upside. If new capitals don't enter Tesla then the current capitals will start...
The Shanghai index is showing support at the 3870 level, with a double bottom in the Daily and support in the Weekly. However the red signs are flashing. Technically we can expect a rebound to 4224 and if strong enough to 4700. Since we're still in negative territory and the close in the weekly is below the 34 EMA, this could act as resistance and after the...
Heading into earnings we can expect anything from TSLA. We don't expect profit, neither Elon Musk who declared Tesla would be profitable by 2020. So whatever the number is, either if this exceeds or not expectations what it really matters is how close to the 2020 vision Tesla is. If this is in line with that future vision or not. We have reached levels close...
Heading to the 2QY2015 Tesla's Earnings Report we can see an alternating bull/bear sentiment. Unless a big announcement is released prior to Earnings we can expect a trading range between 250 and 272 under the Gap left after the ludicrous mode announcement and the sell off. A gap is a support if the prices are above it, and it acts as resistance on the way up,...
The market is rallying, but TSLA is lagging. The 258-256 is a consolidating range, if this is broken to the upside it will make a bear flag until 260-ish level, but if broken to the downside, this will break the temporary short term support channel in the 30 min. chart. By the way the main uptrend channel was already broken, so it is unlikely it will go back to...
This week has been a very active week with a deep plunge in the Chinese market that caused half of the market to be halted, the rejected austerity greek plan and the possible Grexit, plus the "Glitch" that paralyzed the NYSE and put a virtual halt and slow down in the volume of the other exchanges. It was an explosive week, and it's just the beginning. We can...
Tesla is a momentum stock, it doesn't pay dividends, has a high and wild volatility perfect for swing traders. It is a cult stock, which means the traditional fundamental valuation doesn't reflect the price level. This mix makes it a very explosive stock on both sides, bull and bear side. Tesla is way overvalued from the fundamental point of view, logic says...
Since early March this year AAPL has been choppy, no trend, just bouncing and consolidating around 128 above the 55 and 89 EMA's What I see here is that the moving averages are coming too close together and when that happens usually a big move comes after. As long as it keeps trading above the 55 and 89 EMA's it's OK, if not then the move will be to the downside....
All major indexes started the week positive, and the defensive sectors like utilities, bonds, gold and vix are down. However the range is still not broken, this is a trading market. As long as these levels are not broken nothing is happening, just day trading, consolidation and choppiness.
It has not changed yet. TSLA is topping at a critical level where historically it has seen downtrend reversals. We had two consecutive intraday trading sessions and very low average volume. The bollinger bands are shrinking, which means there will be a strong move pretty soon. It has to break above 265, but currently the overall market is in a wait and see...
TSLA has had five previous reversals when it hits the 260 level. And a Head & Shoulders is forming in the Weekly chart, which could potentially drive the stock to 140. Technically speaking it is still with a fading positive momentum, but with very strong divergences, i.e. HH on the chart, but LL on the momentum indicator. In the fundamentals there are good and...
APPL has not been able to break its all time highs level, which is not good nor bad since it has been able to maintain above the 55 and 89 D-EMA's It means no new capital is coming here and old money is still sitting here. It switched from a trending market to a trading market. At this time is in its bearish side of the trading market and as long as it is within...
There was a speculative move before the conference, expecting this to be a triggering event for a trend continuation, but it was completely absorbed with today's decline. TSLA has been dong LL-LH since the meeting and it is back at the levels we saw at the end of May. TSLA has to go back above 252 to attempt to continue the uptrend, which is unlikely since...
June 15, 2015 30 min time frame. Since late february this year this market entered in consolidation, pausing the trending market and entering in trading mode. We're currently in an ascending triangle pattern and the risk is that it could break support if it fails to close above 213. We had three positive days last week, so we can expect people to take profits if...
These are the bearish signs on the chart Negative Momentum Divergence Higher Highs on lower volume Strong Resistance ~250 Flat on this levels No institutional buying Dangling on the limit of Bull/Bear Territory