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Technical Analysis of the Automotive Manufacturers (video)

This video covers the near-term & longer-term outlook for the automotive industry including trade ideas on the major automakers, including price targets as well as support & resistance levels. playback speed can be increased in the settings to reduce video duration I had planned to cover the chart of RACE (Ferrari NV) in the video but mistaken left it out. The stock appears poised for a ~13% drop to at least the 103.53 area following the recent breakdown & backtest of the primary uptrend line & divergent high & may be added as an official short trade idea soon. Daily chart [...]

2018-04-02T10:40:16+00:00Apr 2, 2018 10:40am|Categories: Equity Market Analysis, Unofficial Trade Ideas|Tags: , , , , , , , , |0 Comments

TSLA Breakdown, Price Targets

TSLA (Tesla Inc.) has broken down below this uptrend line after recently putting in a divergent high (negative divergences). As there has been quite a bit of interest in the stock recently, including this chart & short entry (via put options) posted by @shambo just over a week ago, I figured that I would share my thoughts on the stock, including some price targets. The daily chart below outlines my  likely scenario for the stock with the first target/support level coming up soon around the 327.40ish level, where a reaction is likely if/when that level is reached. TSLA daily July [...]

2018-01-21T22:00:51+00:00Jul 5, 2017 1:24pm|Categories: Equity Market Analysis, Unofficial Short Ideas|Tags: |2 Comments

Short Trade Ideas Updated

Last week I had updated the Long Trade Ideas by removing any trades that had either reached their final profit target or exceeded their maximum suggested stops. I am now turning my focus towards updating the Short Trade ideas by first removing the following trades that have either exceeded their suggested stops or no longer look compelling from a technical perspective. ALK- After hitting the second price target for a 17% profit on Feb 2nd, ALK immediately reversed and went on to exceeded the original suggested stop of a daily close above 80.00 on March 11th. For those still short or [...]

2016-04-05T19:26:13+00:00Apr 5, 2016 7:26pm|Categories: Completed Trades - Short|Tags: , , , , |Comments Off on Short Trade Ideas Updated

TSLA Profit Target Hit for a 17.6% Gain

TSLA daily Jan 5th TSLA (Tesla Motors Inc) hit sole price target of 206.20 was hit for a 17.6% gain on Dec 9th. Although TSLA will likely hit at least the bottom of the target/support zone, this trade is now completed so consider booking full profits and/or lowering stops. This trade, just as with the previous short trade on TSLA which also hit the sole target for a 17%+ gain in late 2013, was based not only on a bearish chart pattern & trendline break but also used short interest data in order to help confirm that a near-term reversal [...]

2017-03-08T21:20:42+00:00Jan 5, 2015 2:28pm|Categories: Completed Trades - Short|Tags: |Comments Off on TSLA Profit Target Hit for a 17.6% Gain