Tesla (TSLA)

Here’s the video I put together for today on trading all the highly followed social media stocks such as Twitter (TWTR), Facebook (FB), Groupon (GRPN) and LinkedIN (LNKD). As well as analysis in my TSLA trades and a broad market analysis too.  Here’s the video:

Two things with Tesla (TSLA) that must be mentioned: 1) HUGE and I mean HUGE support on the 20-day moving average on this stock. 2) A well defined bearish wedge that will be forced to make a move in the ver near future. $182 will be the first level of support violated, but once

Yeeeeeeaaaaah….. I think I’m going to have to get bearish on Tesla Motors (TSLA).  Its not that it can’t go higher from here, and it may still do that, its just that the price pattern casts a major cloud over that assertion. The stock is losing momentum trying to make new highs, and quickly

$ALLT Hourly Chart - I need to see a move above 12.15 to get behind this one. $BBRY 2 Day Chart - Same old story. Until it gets over 15.52 it got nothing. $FB 2 Hour - I wanted to short this one yesterday. it worked until it touched 26 and turned back. I want

Wall Street Nole’s Morning Stocks to Watch for Day-Trading      

$ACAD Weekly Chart - Sitting above the 7.03 Fibonacci level at pre-market. As long as it holds above that level it is a nice long. An idea would be to see the open, wait for the gap left behind to be filled, and once it crosses the 7.03 Fib level, one can go long with

It’s not often that I come across a five-letter symbol worth going long or short in, but WTSLA as a low-dollar stock, is setting up nicely to the upside for a breakout. The range to get in is between $3.26 and $3.33. I’d put the stop though at $3.12 which will keep risk at bay.