Double top confirmation with the recall news on $RTX. Possible support at $75. $TSLA broke out of the triangle pattern with a massive gap higher, but be mindful of the heavy resistance lurking overhead, that doesn't make this trade an ideal reward/risk following the massive run higher today. Long-term resistance getting tested on $FNGR following
Watch this consolidation in $TSLA just below the 50-day moving average. A break above the triangle and moving average could jump start the next move higher. T2108 Update Break this key support level and $GME starts to look more like the next $AMC $GPOR with a developing bull flag pattern, but yet to breakout. A
Major support breaking today on $TSLA. Now the next level of support comes in at the rising trend-line around 207-210 area. $GLD inverse cup and handle pattern nearing confirmation. $TNX 10 year yield October highs on tap. Rates continue to rise significantly. $LULU price action still struggling with overhead resistance. Better to wait for the
Nice bounce off of 3 nearby support levels so far for $NIO, but be mindful of $TSLA earnings today that could have a significant impact on the stock (for better or worse). $SPOT ascending triangle breakout level. Watch the 5-day moving average as type of trailing stop-loss. A close below would be reason for me
$BTC.X remains in the early stages of its breakout. Really nice base breakout that goes back over a year. $XLV (healthcare) struggling to hold Friday's breakout above the declining trend-line. Watch for a break above $133.04 to resume the uptrend. $NIO inverse head and shoulders pattern, with multiple layers of resistance overhead that needs to
$ESMT break of declining resistance today, and push above the 200-day moving average. Keep an eye on major resistance above going back to December '21 $AAL breaking out long-term resistance today, with strong sector/industry leadership. Bull flag watch for $TSLA. A little steeper than I'd prefer, but may work with the 20-day MA holding as
$TSLA up 12 straight days and 17 of the last 19 days. During that time it is up 52% One of the most bizarre moves to see for a company of this size. $CI double bottom nearing a breakout level, but may need to consolidate some in the short-term before putting together an even bigger
$SHOP with a notable bearish engulfing candle pattern following Monday & Tuesday's breakout of the bull flag - could be a signal this trade is reversing hard here. $MVIS - doesn't get much more parabolic than this. A few questions to ask about this stock: 1) How many times in the past 10 years, or
How do you fight the urge of FOMO (Fear of Missing Out) in your swing trading when you see stocks like Tesla (TSLA) trading over 100% higher in just a month? How does one resist such urges, and are there instances where you should chase after moves? Plus, Ryan follows up on his Frustrated Trader
Keep an eye on $FSLR and this developing head and shoulders pattern. Not confirmed, but getting close.