emad_arshad_alam

emad_arshad_alam Updated 

Overview - The economic calendar is light this week. The stocks previously have shown a trend of being affected a lot more by the news, compared to the economic data. Today, US-China are having talks regarding the trade. The volatility should come from the outcome of the trade discussion. We will not stay in the market for that long. We will only trade the...

emad_arshad_alam

1. If stock doesn't break the 312 level in the pre-market and ends up rallying to 318, where we see a little selling strength. We wait. We let the price come down and wait for the buyers to make the following moves. If the buyers step in at 316+, we go long till 341. If the buyers step in at 309+, we go long till 330. 2. If the stock blows past 318...

emad_arshad_alam

Overview - TSLA is showing declining sales and low vehicle registration in the many countries. Although, that hasn't deterred the stock holder into panic selling, we aren't bullish on TSLA but we aren't necessarily bearish either. The market trend is going to determine the immediate direction today. We will go with a slightly bearish approach on TSLA, mainly...

emad_arshad_alam

Overview - Trump has announced that AAPL needs to pay 25% to the US for manufacturing the iPhone in India and not in the US. The stock is currently trading at 194.32 IF-THEN STATEMENTS (INTRADAY PLAN) - 1. If the 193 level is held - we go long till 195-197. 2. If the price fakes out high to 195-197 - we wait for a sell confirmation (e.g. buyers being...

emad_arshad_alam Updated 

Now all that all the important levels have been exposed (333, 343, 347, 352, 355). The institutional traders can go one of two ways - 1. They become desperate and buy @333. 2. Allow the sellers to break the 333 price and buy into the sell stop liquidity below 333. (i.e. target the 326 price). We are betting on option no. 2 because the sellers have been strong...

emad_arshad_alam

Yesterday 343 was a very important level for TSLA. Today's TSLA is trading in the same area. IF THE STOCK PRICE FALLS AFTER OPENING - The most volume done yesterday was at 345. So we expect the stock to rally from the 345 area and go higher (especially because good news is out). If the sellers keep stepping down into the 343 area. We will redact our order and...

emad_arshad_alam

TSLA has been consolidating in the 333 to 350 zone. Yesterday it opened at 333 but climbed it's way up to the next important level, 343. Today's it crossed 343 and 343 is supporting the price. SPX is near the S-OB, so we expect TSLA to open with some selling pressure. We will use this opportunity to get a good entry. We hold the long till 347. The market may...