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DocuSign: Significant breakdown confirms long term reversalDocuSign - Short Term - We look to Sell at 220 (stop at 245) The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We have a Gap open at 227 from 03/12 to 06/12. Further downside is expected although we prefer to sell into rallies close to the 220 level. The reaction lower is negative and highlights a clear reversal. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Our profit targets will be 140 and 105 Resistance : 180 / 227 / 290 Support : 135 / 105 / 65 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:DOCUShort
by Saxo
2
TSLA - stars are aligned for a sustainable reboundI guess we can say that Elon's offloading 10% of his shares was in great part responsible for TSLA's plunge of nearly 29% in the recent weeks and it doesn't help that US markets have also been correcting during this period. There are now a confluence of technical factors on Telsa' chart that gave conviction to Telsa's rebound yesterday: Telsa finally hit into a strong support zone around 890-900 on Monday before staging a rebound on Tuesday. I suspect the worst is over for now. How is this a strong support zone (890-900 region)? Due to a confluence of : 1. a horizontal "ressistence" turned support at 895 2. gap close at 900 3. 50% fibonacci retracement of the BC swing up 4. 100% of the AB retracement projected onto C Incidentally it appears that Elon is also about done offloading his 10% and the US indices also staged a rebound. With so much aligned, I guess Telsa is looking brighter again in the coming days. :) Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NASDAQ:TSLALong
by Juliac
TSLA into Dec OPEX with 38% of gamma expiring FridayTesla $TSLA has 38.25% of gamma expiring this Friday Breach of 908/900 would fill gap lower to 895. Previous upside nine from Jan 885 could act as support. 875 is a previous upside nine on the daily from Oct 18, bottom of that range is 850/843 and lower Fib support is near 815. MACD / RSI currently over sold with ATR expanding after selling volume came in after recent ath print. It is worth noting that major players, institutions and commercial traders are avoiding the over head risk of Elon Musk selling shares. We would want to see bulls hold these support levels and then we could focus on upside resistance as key levels to break. Depending on repositioning in the market post Dec OPEX we could see the stock reverse or continue the price downgrade cycle. With interest rates expected to hike + EV names being generally expensive in the market, anything can happen. It is best to size light and play Tesla with profits, always expect 0 if trading weeklies and try to enter at key levels. Best of luck trading! When the stock doesn't hold the level containing the largest OI (1000 strike) You see dealers start to offload shares as the otm calls become less risk to them.
NASDAQ:TSLA
by Freshly_Snipes
1
AMC -- The Road Up Goes Down, Part 3So, where are we headed? Well, the descending wedge that has formed points to the 8.392 fib @ $13.74. However, I do not see us playing out the entire wedge. That gold box seems like a reasonable zone to aim at, and I wouldn't be surprised to see a touch of $16.95 to satisfy the gap that remains from the June run, but at a minimum the golden zone sits just above the tip of the descending wedge. I can imagine a scenario where such a move ignites volume, wakes up a latent demand zone which will look like a long wick on a daily candle when all is said and done.
NYSE:AMCLong
by squarerootof9