SCTY
$TSLA Getting Closer to entry levelTechnicals are showing that around $180 we should see some changes
SCTY Long Ascending Triangle and GapSCTY is a very erratic stock that can be sent flying or diving and usually follows patterns and triangles very well.
I see it going down a bit on the triangle in the next few days or so and then continuing. I'm in right now but I'm going to probably sell tomorrow and get in on the next low and long until 40ish.
Solar companies also received good news from Nevada so that's a boost. It also closed a 165 million dollar deal.
SCTY Descending Triangle [2 Month Short]The river has already run red and it will again. It touched the triangle bottom for resistance and is about to head back down to 30 if God is on my side.
Entering as soon as I can Friday 1/8/17 in a short vertical. Happy trading!
SCTY crossroadsDescending triangle spotted in SCTY weekly. Will coal affect it's price?
I'm seeing two patterns. One is a descending triangle continuation or an inverse head and shoulder.
Whatever it is, do take the time to observe how it unfolds. Personally, I think it will bounce to $46 and then range. I personally do not think it will shoot up or shit all the way down.
I'm neutral
The Tesla unicornSolar stocks such as SUNE, SCTY have been hammered real hard for the past 3 weeks. Tesla is not a unicorn immune to the global deflationary forces.
Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing (QE). It is also on the verge of breaking down from the rising wedge developed since November 2013.
Stop loss: 236.72
Take Profit: 132.02
Entry: 212.94
Overall, I'm still bullish in the long term prospect of Tesla and at $120 it is almost certainly a good buy.
CSIQ- Gosh Is That A Double Top Brewing?4-17 Gosh looking a bit like a Double Top
that's ready to break its uptrend (green)
if you ask me. But for now? Its intact.
I'm sure we'll find out next week.
Feel free to follow on TWTR at
@AmazingPatterns
For informational and educational
purposes only, these are not
recommendations, trade at your own risk.
SCTY bear call spread62.50 / 65 Bear call spread .15 limit (looking to leg into a 45/44 bull put spread making an iron condor)
March expiration.
I would not even LOOK at this bcs unless we close above 59 on the daily
AO 2/23/15
SCTY - SOLARCITY CORP BREAKOUT ON H&S PATTERNThis is an update for a previous chart that i posted 4 months ago, predicting an head and shoulders pattern (link: ) . At this point the pattern seems completed and we are at neckline level. So i'm expecting a breakout with a measured move that can bring the security to the 0.764 fib line level. In the same level there is a possible support, otherwise if the selling pressure is high it can go even lower. If the neckline holds as a support, a possible leg up can target to the descending black trendline.
Good luck for your trading
Possibilities for shortingLooking at weekly chart we can see a possibility to build a perfect head and shoulders pattern, At the moment we are in the top of right shoulder. The 0.23 fib could be a perfect target for a reversal. If it's a perfect symmetry we can target to the 0.5 fib, otherwise we can point to the 0.38 or around 55 dollars area. So look at momentum and volume for confirmations to begin the building of your entry position shorting. Put stop loss and good luck for your trading.
SolarCity Corp (SCTY) Running Out of EnergyThis morning, leading solar energy stock SolarCity Corporation (NASDAQ:SCTY) is trading lower by $1.97 to $49.30 a share. This stock continues to come under some institutional distribution. SolarCity Corporation stock topped out on February 26, 2014 at $88.35 a share. It is easy to see how this stock continues to be plagued by sellers in the near term. Investors and swing traders should now watch for daily chart support around the $43.70 level. This is an area where the stock was defended and bought by the institutional money. Often, old pivot points will serve as major support when retested. Traders should expect the stock to be weak until that support level is reached.
Nick Santiago
Chief Market Strategist
www.InTheMoneyStocks.com
