Discussion is always welcome
It might get worse before it gets better but it will get better watch the vid.
Watch the vid
The price got rejected by the channel. It was the third push attempt and a double top formed i see this heading down to $235 maybe lower. That's my exit anyhow. This is my short term play, not financial advice.
Et is at a crucial level. Check out the resistance line it's wild. Will it have enough momentum to keep going? i'm thinking a pullback before it flies but either way I'm watching a $9 entry for a long and an $8 entry for a short. Or you could just straddle cuz something definitely is going to happen in a big way.
Looks like a trend reversal in the works. Tesla retested the December 2 low and bounced. I think we can see a retest of 630$ next week. After that, it may just trade sideways for a while.
It's been over 7 years since Ford had a golden cross set up. Looks like 20$ is coming in the next few weeks. I'm loading up on leaps. Not financial advice just my opinion.
It's in a rising channel but closed green on the bottom of the channel on Friday. I'd be nervous holding positions but at the same time excited to get into one. It looks like a big move is imminent. Apple is really having a tough time getting over $137.50 if it breaks down from the channel i think it will find support at $125. That would be my entry for sure. If...
Too many conditions are being met for a breakout. All that's left for it to be 100% is a little more volume (which is high to begin with but the recent spike is making the rest look diminished). Super high probability of a breakout. Its at the top of it's channel, oscillators are up, and my oh my a golden cross is forming. If you don't want to go balls deep on...
Abt has developed an ascending triangle and even though friday's close was less than desired a strong catalyst is going to send this to the stratosphere. Abt began rolling out their rapid tests last quarter so couldn't really capitalize on that. However, all they have been doing since then is selling rapid tests, TO THE WORLD! I suspect this ER will show that...
Man this week looks like it's going to be bloody. The friday close, the bearish engulfing, plus the breakout to the downside from the channel i see SPY hitting 360$. If it doesn't bounce off that, 340$ is next. Oscillators are pointing down too. You should have your full attention to any calls you have expiring the 5th, especially if your security has a beta...
I am long Tesla but in the short term I'd be very careful. Looks like a breakout is imminent from a sorta symmetrical triangle. First stop is $860 and the next stop is $880. The second stop will most likely occur around Wed. Earnings should get speculations going but i plan on taking profits well before then. Happy trading.
For the past week Tesla been between 555$ and 600$. Oscillators look good and the breakout from consolidation looks to be on the horizon. Friday's close with today's Futs in the green and the hype for it joining the S&P500 later in DEC. I don't see this dropping to 555$ this week instead i think it will go to 630$. Happy trading.
Looking at the monthly i believe the bottom has been reached and a reversal is imminent. The oscillators point up and the completion of this correction wave looks quite obvious. Last ER was great and Macy's has an internet presence. Sure it's not Amazon but they have shown profits in e-commerce. The future looks good with so many vaccines now seeking approval and...
The 6$ line is solid support gained from the monthly timeframe and the 12$ line is what i call soft resistance (a lot of activity here). What really is weird is how it closed on Friday. Check out the blue line, it was support and now is dead on resistance confirmed on Friday's close. Coincidence? Hmmmm. With all my oscillators pointing up and volume increasing i...
It's wayyy into the symmetrical. It's either going sideways or down. The decrease in volume along with the oscillators signaling a downtrend doesn't look like a setup for a rally in the short term. It can pullback after it breaks out, might want to swing that but honestly call credit spreads are looking good for now. I don't see this passing $425 this week
Yes $MO's investment in Juul didn't pan out like expected. Worry not, last week a bunch of states legalized marijuana. The direction is becoming clear where this is headed. $MO partnered with cronos and invested in $cgc. Marlboro is a brand everyone is familiar with. It's only a matter of time before they release their marijuana cigarettes to the masses. This...