MuggaMatrix

MuggaMatrix

Long calls. New higher low on the weekly after finishing the sell off. Holding for new Highs. i’m expecting all of the volume that was sold during the sale will be put back into the market with the additional gains from the sale.looking for $120 to become the new support. Holding until further notice.

MuggaMatrix

Quick Buy to 5,867 , possible rejection at 5,867 may be a sell down to 5,680-5,700 to create higher low then continue the uptrend we are in.

MuggaMatrix

Price has already Rejected 538.78 on Friday. Price has a previous higher low on the 1hr at 535 However I believe we will respect 530 as it A stronger level on the Weekly time Frame. Price should Reject 530 and continue to trend upwards. And Buy past 540, make at 539 and continue to trend upwards for a new 52 week high.

MuggaMatrix

Forming a double top creating resistance at 2,880-8 , we are currently hovering at Hourly resistance of 2,860. 4 hour resistance level is at 2,834 which we can expect to see once price breaks below and retest 2,860 . Following being a support level in September 2,728 became resistance for November and December.We double bottomed at 2,600 in December , retested...

MuggaMatrix

Tesla is selling off rapidly . Based upon the previous chart data, I see 256 in the next 2-3weeks , seeing that we broke broke above the downwards trend channel in September to touch 256-265 , came down in October and grabbed 211 then proceeded to continue to trend upwards outside of the channel. How ever Major Support on the monthly time frame shows 168 as a the...

MuggaMatrix

We recently formed a double bottom at 510 and a double top at 531 , we’re definitely going to complete the sell to 510 however Watch for a break and retest below 510 and we’ll be able to head to 500 to complete the previous move upwards to 531 that originally started January 13th.

MuggaMatrix

I see a somewhat double rejection at 500-501 on the Daily. Right now, we are hovering around the Upside of this trend Channel & resistance level 516. I’m looking for a buy up to 519 then a reversal To 516 for double bottom to Break out of the trend we’ve been in. If we fail to a double bottom at 516 And Sell through 516 we remain in a Weekly down trend for . 519...

MuggaMatrix

Downwards trend Channel which Upwards Started at 497 Support. While we remain inside the trend channel, look for a break above 519 level and retest for a buy up to 526 and Take Profit. Watch for reversal at 526 , break and retest 526 to consider more trending upward movement. Reversal at 526 we Sell Down to 497 For the Rest of the week .

MuggaMatrix

A 52 week high was made on Monday, December 16 at $539 on QQQ . The fed Powell released the news he’s cutting rates by a quarter of a percent which caused the market to plummet ,Banks also manipulating the market to get into these buying opportunities. We are currently failing to break above 520 , also struggling to fully break below 515 . We will continue to sell...