Some brief commentary about the markets ( AMEX:SPY ) using simple moving averages. Currently on an uptrend at the moment but may be pulling back in the meantime
Price action wise, Tesla seems to be running out of steam. June's pump was likely for Elon's sale for $TWTR's purchase. There is nothing much literally left for the bulls, save for a last small buyback and purchase. i) Fibonacci .382, ii) 200 hourly ema & iii) 234 resistance line might prove as short term resistances.
Highlighting possible potential pullback and resistance zones following tesla's breakout to the upside
This setup is to test the 5ema and the 7ema crossing. Idea credited to @puru_saxena on Twitter Bullish crosses appear as green arrows up, bearish crosses appear as red crosses down
This setup uses fibonacci retracements to forecast potential Support zones that Tesla could fall back to. The 647 zone offers some potential support, while failing which, support at the 580 zone is possible.
Simple TA describing a potential retracement for NIO in the short term.
This is actually a very newbie version of Technical Analysis, combined with a ton of fundamental information to supplement the price action. Most of the information can be found within the boxes in the chart.