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 [...]
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 [...]
Fundamental & technical analysis on a few key sectors including the automakers, biotechnology, semiconductors, technology as well as the volatility indexes. The following stocks & sector ETFs are covered in this order: F, GM, TSLA, TM, XBI, IBB, PBE, SMH, XSD, SOXX, XLK, TECS, $VIX & $VXN.
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 [...]
The suggested stops and price targets for the TSLA (Tesla Motors Inc) Trade Setup & Active Trade idea has been added to this 60-minute chart.
The following daily & 60-mintue charts outline entry criteria for a trade in TSLA (Tesla Motors Inc) as well as suggested stops and price targets.
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 [...]