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   Â
$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.Â