NASDAQ:HOOD Weekly Recap
Market Structure: Price remained confined within the downtrend, failing to break out. Watching for more macro-positive catalysts that could help push it above the trendline.
Market Bias: The recent pullback aligns with broader market sentiment and may serve as a foundation for a potential move toward previous highs.
BX-Trender: ...
NASDAQ:TSLA Weekly Recap
Market Structure: Price broke out of the downtrend with a strong bullish engulfing candlestick, indicating a potential reversal.
Market Bias: A healthy retracement occurred in alignment with market sentiment — this pullback may be necessary to support a stronger move toward all-time highs.
BX-Trender: The weekly histogram...
Objectives:
- Trade objective is to build a full position into TSLA before market recognises FSD revenue
- Happy to accumulate more, to lower average cost
What happened:
- Market structure for TSLA remains bullish in the mid to long term with Market Bias indicator maintaining green
- Observed weaker BX-trender indicator on daily basis, suggesting weaker...
Market Structure:
BA broken beyond the long term trendline from Mar 2020 lows
BA currently well maintained in its upward trendline.
BA way above the 20EMA
RSI Indicator signals strong overbuy (RSI>70)
Strategy:
Waiting for BA to lose steam and retrace to USD$160.
