TSLA Reports and goes for a deeper dive SHORTOn this 4H Chart, I find good cause to continue my lot of 10 put options on TSLA. TSLA has
dropped another $ 25.00 per share price during the earnings report time frame. While the
overall long time frame supertrend is up, TSLA is presently in a sustained pullback likely due
to significant fundamental and economic factors. The antics of its CEO demanding an award of
more shares so he can launch a big AI initiative within TSLA is not helpful. He has taken a big
haircut but he can easily afford it.
In the analysis, TSLA has put in a bear flag which suggests more bullishness in the continuation.
The ceiling of resistance right now is the POC line of the volume profile at 230. If price can
get through that then 265 at the top of the volume profile's high volume area might be
achievable. A bottom may be the second lower VWAP band at 175 which could be reachable
in the latter part of the upcoming week. Weakness in the Chinese economy is a heavy weight
on TSLA right now. Bright days ahead but some pain and chaos in the meanwhile
Trade plan: I will hold the puts until I see a reversal pattern on the 30-60 minute charts and
then close them. If no reversal pattern in the upcoming week, for purposes of time decay
complications I will roll the puts out another 28 days. Overall, TSLA continues to pay traders
well some of them might buy a TSLA to return the favor with the profits received especially
if there are more price cuts on the horizon that do not adversly effect margins and fec\deral
subsidies are extended they would be an uplift to sales, revenue and outlook overall.
Arkklong
ARKK Innovation ETF - Potential Break OutARKK Innovation ETF
I have been in since $45.87 with a small position.
AMEX:ARKK is typically offered with leverage so if you do take a position keep it whimsical and margin high. For me this is a long term, very small position play but we could have a break out here, so i thought i would share.
The chart speaks for itself, price has just raised its head above the high volume traded levels and may be breaking out of a head and shoulders pattern whose target matches the 1.618 fib ext and some prior resistance. A trade structure is here to be played and as always we have a KEY protective stop loss area.
Stops can be placed from $44 - 47 depending on your risk tolerance.
Main Concern: Volume had been descending on the longer term, however, short bursts still have provided a trade opportunity.
PUKA
Arkk Bottom Today or next week, think it could be very closeI'm getting the same vibes Gold did when it had a fake breakdown which is now very bullish. Everyone on the timeline is making fun of Cathy and saying how bad Arkk is, it's all over the place. Think this lines up with the charts. $29 ish should be an amazing confluence for a major bottom. I think we will get a fake breakdown of the March 2020 lows which will be very bullish.
Palantir and Arkk Comparison 57% ProfitPalantir SPLTR & SARKK Comparison
These charts are so similar. Arkk looks like it is about to repeat Palantir's 57% move
- RSI positive divergence
- Head and Shoulder reversal bottom
- Price above 200 day MA & the POC
AMEX:ARKK appears ready to break away from the H & S.
Your stop should be placed just under the H & S baseline.
Are you in?
TSLA Swing Trading PlanWhile trading off a 2H chart, I have marked pivots with vertical lines. Pivot points are also
supported by findings on the three indicators- the price-volume trend, the stochastic RSI
and the normalized MACD. The trade plan is quite simple. Upon a pivot low I will buy 3 shares.
The actual entry will be made more precisely on the 15 minute chart. Upon a pivot high, I
will sell one share to realize that profit. Likewise, the actual exit will be made more precisely
on a 15-minute chart. This more or less is a modification of a zig-zag type strategy. Staying on a
2H chart will avoid chasing minor trends and allow trend following of the super trend. In doing
so , the trades will be less frequent but will better accuracy and perhaps better gain. For
risk management. I will not buy any shares when there is any risk in the trade at all or any
of the indicators are even remotely suggestive of bearish divergence or overall trading
volume day on day seems to be decreasing.
$ARKK is looking more constructiveFor the first time in months, Cathie Wood’s $ARKK is showing some signs of life as it managed to close above the recent channel resistance. In case the market continues to grind higher in the coming week, watch this ETF for a possible catch-up play. It has plenty of free room on the chart to $50 before encountering more resistance. We are long some call options as the risk/reward is quite favorable.
don't kill the messengerWell. i know that not all the people agree in how Cathie Wood handle the ARK fund investments, sometimes me neither, but i hope that she takes profits when she sale something, the true is that we have a market full of opportunities and i think a group of intelligent people driving ARKK can see the same. We have two options for this fund, going to $20s or bounce at these level. technically there is symmetrical perfect gigantic bull flag that is like an aberration, and i never seen something so perfect, perfect parallel lines 25 degrees each, the flag has a hidden message and maybe it's a bull trap and will end converting in a wedge. at the end the rewards will come like with other market opportunities.
Starting to buy ARKK here.Not a big stock guy but shifting capitol from crypto to diversify into some investments that actually represent tangible companies that make things lol. Strategy is to buy stocks/ETF's at standard classical pattern supports that are down 30-60% and let it ride. I am betting that 8 out of 10 stocks I am about to punt will not go to zero and that 40-60% discounts is a good deal. Falling wedge here and a nice dogi daily candle forming. Not advise archiving thoughts.
Let's watch ARKK closely! 👀ARKK is following the same movement seen on several tech stocks today: A possible double top in the 30min, indicating a brief exhaustion, but this is expected.
The 119.15 is the pivot we must see broken as soon as possible. This will lead to a greater upside movement in larger timeframes.
The red line is not going to be an easy foe for ARKK, as it seems the market remembers this price level pretty well. Yes, we also have a small divergence on the RSI, which could make ARKK fall a little tomorrow, but this wasn’t confirmed yet.
On the other hand, if ARKK breaks the resistances mentioned, the 130 is our next stop!
Let’s wait for more confirmation on ARKK!
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See you soon,
Melissa.