TSLA stuck in a range between 115 - 125 for a week now. It seems like its forming a bear flag pattern. Depending on the overall market situation this could be sign of breakout towards the downside. It may ping/ping between these levels a bit longer. There are signs intraday that its jumping up/down between 117-121.
Heading towards a over bought situation. Currently setting at 78 in RSI index and given the low volume price rose sharply yesterday. Is this the sign of exhaustion? Looks like. History says every time the stock has gotten above 70 in RSI index it came crushing down. I will definitely buy a PUT at 125 level which is where I think the next support is going to be.
It has been really hot last week for tech stocks. NVDA has gone up by 45 dollars in 4 days time with some really higher highs. Paypal, AMD all did the same thing. Netflix also showing strong upward trend after hitting 330 level on Monday, the 14th march. It since increased by 12% and going to test a recent resistance of 390 by early next week hopefully. The daily...
Looks like AMD is showing signs of breaking out of current resistance of 110. the RSI level has not gone towards overbought or sold, the macD signal like pointing to a positive trend. But AMD certainly has very strong support at 100 level. Have bounced off it several times in recent past.
Netflix has broken through the year 22 support of 355 on 9th March. Are we seeing a price reversal after huge rally prior to last earning? Given the volatile market, is it going get some support at 2 years old support of 255? We had a whole week of massive sales and RSI is sitting at lower 30's. Why are people loosing interest? fear?
the MACD showed us fault...
