TheTradingStar

TheTradingStar Updated 

The stock is currently bouncing off of the lower channel line of the rising Bull Channel. Price action has created a Cup and Handle. The projected Price Objective sits at around $270. Remember, the height of the cup is the project target which from current stock price extends to around $270.

TheTradingStar

There is a Bullish Cup and Handle Setting Up. Height of the Cup is the Price Objective which would take the stock from current levels to roughly $250.

TheTradingStar

A major Ascending Triangle is forming, looks like price action may continue trending within the triangle. Price Target near term heading to the mid $130s at the bottom of the ascending triangle.

TheTradingStar

There is a major bear flag setting up, go short at the break of the flag for price objective target of around $2.43.

TheTradingStar

Bear Flag is setting up nicely like the previously bear flag. Length of Pole - Measured downside move to a price objective of $174. There is also a major gap that hasn't been filled. The stock will eventually fill the gap with a support at a double bottom of $138. Overall, Tesla is more bearish and than bullish. Short on further downside. Fundamentally, it...

TheTradingStar

Downtrend still intact. Short at the the top of downtrend for a max profit at $2.36 major support and at the bottom of channel.

TheTradingStar

Nice bear flag setting up nicely for a next leg down to around $2.77. Short at the break of flag.

TheTradingStar

Nio is continuing its channel lower, which signals a look back at its previous major inverted head and shoulder which sits in the triangle pit area of those two price targets mentioned. As it is getting closer, a Pit retest is expected.

TheTradingStar

QQQ is in overbought territory in almost all metrics, selling has started which would cool down the index in order to move higher, looking for gap to be filled and a price target of $343

TheTradingStar

Stock is overbought and is overextended. There is a major gap at the $300 level that will need to be filled. Semiconductors have also always been cyclical, and have seen major drawdown on their stock every cycle after major run ups.

TheTradingStar Updated 

Bearish Channel is intact on the Weekly Chart. Heading lower in the longer time frame with a Support Zone from 3.56 to 2.37. The mean reversion of this zone puts the price target object to around $3. Bear flags have been setup for continued downside. Short on flag resistance for continue leg down. Short at break of flags.

TheTradingStar Updated 

There are two gaps below which the stock is heading. First gap is at $2.50 and 2nd gap at $2.50. Nio is trending lower in its downward channel with lower highs and lower lows.

TheTradingStar Updated 

A Major Bearish Head & Shoulder has formed. Short at the crack of the neckline. Remember the measured downside = the height from the head to the neckline which is at about $19. There is is also a MAJOR GAP that needs to be filled at around $17, so watch for a continuation for a sell off after the 1st price target has hit at around $19

TheTradingStar Updated 

Have you shorted yet? Did you sell before the flag breakdown? As I have been discussed in my previous chart, there are bearish flags setting up. 1st target is around $3. Remember length of the flag pole = Measured downside. Continue to sell on strength with more downside profit

TheTradingStar Updated 

TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid $160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. TSLA is currently in a 4 year...

TheTradingStar

Short term bearish Double Top with possible retest of the trend line at vertex. This pattern may form an Ascending Triangle. Short term may see some correction into a bullish Ascending Triangle Setup. Must break out over $68 with volume for consolidation breakout and break of downtrend

TheTradingStar Updated 

A very textbook classic bearish flag is setting up. Short at the break of flag for a poential measured dowside to around the $3.60 mark

TheTradingStar

The downward bearish channel is still intact. There are resistances every time the stock price touches the top of the channel creating opportunities to short. Watch for continuation of selling pressure heading into the gap area which will eventually be filled at around $45. Another strong support is at the $42.58 area.