AMAZN looks due for another manic run, especially if we hit that lowest blue trendline. Will sell ITM put credit spreads around there.
PENN finally broke support at 64.16 after a series of lower peaks. I got puts yesterday after we closed under support but at a high RSI value on the 5 minute chart. First target is 59.28 then 50.81.
The upturning trendline on the daily chart has been broken and we've closed at lower lows for the past couple days, after BABA made it's 52week high. Since we both opened and closed under the resistance line at 300, I estimate we will continue the downtrend until we touch the lowest blue trendline at around 286~290. MACD also continuing to decrease and RSI pulling...
TSLA looks ready to test the 200 SMA, (around 370 or wherever the lower light blue line is on the day) on the 4 hr chart if it doesn't break past this upper trend line. I've never traded TSLA so just an idea
Expecting a bounce to 337 (or where the top of the trend line hits depending on day) if we pass 332 then a drop to 324~326, eventual drop to even 310 or lower possibly. I don't expect we pass that upper trend line any time soon.