@Asphen:TSLA is following all the price action indicators very well; Target 190! - Have been performing well since the bounce off the neckline support of 163 - Clearly in a near term buy controlled buy channel but in a larger controlled sell channel - Confluence remains 190 - 19 Apr gap down bear flag has since retraced above 177 which is Fib 78.6 (tends to mean likely a full retrace to 190 My Watch/Plays - Will MA5 cross above MA50 (blue)? - Will price action stay in the buy channel? - If it comes back down to re-test 163 and fails below? ==> This is a bearish one and 146 bound - Look to add more long puts should price action test and stay above MA5 and MA20 - It is all about 190! Break above and we will have some squeeze from 195 to 209 Good luck, all!
@Asphen:$AMD(AMD)$ AMD - TA Update 8 Oct 2022 - Previously TA-ed level 58 from weak structure (July/Aug 2020) has played out, as AMD clearly seen to fall through easily - 58 and below is now the real test of AMD resolve - Relatively good structure between 52 and 58 with 55 being the bear flag pole extension (previously shared TA) - 55 down to 48 has strong support structure, so worse case is 48 should hold. Overall, expecting 58 to be broken through, and 55 to be the basing level for AMD. 52 is last line in the sand, breaking which we will see 48. Upside is clearly now limited by a huge oversupply above 74 (means to break 74 needs some herculean effort) Please refer to previous AMD TA as clearly, all the price ac
@tiger cub:$Tesla Motors(TSLA)$Should Investors Buy the Dip on Tesla Stock?Down 26% year-to-date, will the electric car mogul return to the $1 trillion club in the future?Shares of the leading electric vehicle (EV) maker Tesla (TSLA -2.69%) have seesawed since eclipsing a $1 trillion market capitalization at the end of 2021. Though the stock has climbed 10% in the past six months, it remains 26% in the red since the beginning of this year, and now amounts to a market cap of $930 billion. And given the unstable economic landscape, which is overwhelmed by high inflation, rising interest rates, and the war in Ukraine, I wouldn't be surprised to see the EV stock continue to draw back in the coming trading sessions.The big