Tesla (TSLA) pullback and bounce off of the base breakout level. Airbnb (ABNB) wedge pattern formed that could provide some short-term resistance for ABNB, which trades inside of a much bigger channel pattern. Dollar General (DG) pulling back to breakout support. So far holding it. Will need a hard bounce here to keep the setup
Tesla (TSLA) inverse head and shoulders most prominently seen on intraday charts and now trading in the gap from 1/25 Airbnb (ABNB) with solid short-term rising support underneath, but you want to pay close attention to the resistance above that it isn't part of a bearish wedge that is forming. History often rhymes Super Micro
Tesla (TSLA) broke declining trend-line, but also holding the rising trend-line off of recent lows. Room to run as high as $206. Break back below declining trend-line would spell trouble. Upper channel band on Palantir Technologies (PLTR) in play. Why I never swing trade earnings: Snap (SNAP) Â
Ideal entry on Viper Energy Partners (VNOM) would be a bounce off of its lower channel band. Palantir Technologies (PLTR) heavy fade back to the lower channel band. With earnings today, it becomes a high-risk trade to paly any bounce. Bear flag on Tesla (TSLA) confirming to the downside, with additional continuation today.
Atlassian (TEAM) has an ascending triangle attempting to breakout but the previous three days, have struggled to hold that level. Need to see it close above that level to confirm the pattern. Tesla (TSLA) breaking a major support level and the October '23 lows. Here's the sector returns so far with S&P 500
Be leery of rising resistance that has consistently pushed back on Tesla (TSLA) of late. SPDR Gold Trust (GLD) pushing through multi year resistance dating back to 2020. Fortune Brands Innovations (FBIN) bull flag working in the short-term, but long-term there could be some resistance that pushes back some. Not sure how difficult
TSLA clean break of declining resistance with old-trend-line resistance now looming, has previously struggled to push through in the past. Triangle pattern starting to break here, but just underneath it is testing the rising trend-line off of the March lows. Make or break moment for LLY. RIVN keep an eye this morning on a test
Third day in a row for the 10 year yield (TNX) to test the rising trend-line. Tesla (TSLA) Analysis Alibaba Group (BABA) testing support following a massive earning sell-off. This is a key area to hold going forward. Ugly reversal following yesterday's developing basing pattern. Â
Episode Overview The use of margin, buying out of the money calls, doubling down on losing trades - what does this all have in common? Blowing your trading account. In this podcast episode, Ryan highlights one trader's journey of blowing up 20 years of life savings on 0DTE calls and TSLA leap calls. 🎧 Listen