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Spacex

TESLA (TSLA) WEEKLY TIMEFRAME LONG The price chart for Tesla seems to be stuck in a range ever since price broke the 275.74 level, which had previously acted as resistance and now is support. The current resistance is at the 370.63 level and history shows that whenever price gets stuck in a loop (range), the support normally holds at least for three touches. Hence, now price has actually bounced off the 275.74 support level and we expect it to creep towards the 370.63 resistance level before we can see if the level holds or price breaks through and continues on a bull run. A trendline on the weekly timeframe also confirms the bullish momentum, as prices have already tested it four times, giving a pretty clear confirmation that the trendline holds. For those traders who might have missed this trade, a good place to enter a trade would be on the breakout of the counter-trendline which can be drawn on the lower highs on the daily timeframe. We just hope that Elon Musk is not caught smoking a joint again or rambling nonsense on Twitter.
NASDAQ:TSLALong
by munyaelliott
TESLA (TSLA) WEEKLY TIMEFRAME LONGThe price chart for Tesla seems to be stuck in a range ever since price broke the 275.74 level, which had previously acted as resistance and now is support. The current resistance is at the 370.63 level and history shows that whenever price gets stuck in a loop (range), the support normally holds at least for three touches. Hence, now price has actually bounced off the 275.74 support level and we expect it to creep towards the 370.63 resistance level before we can see if the level holds or price breaks through and continues on a bull run. A trendline on the weekly timeframe also confirms the bullish momentum, as prices have already tested it four times, giving a pretty clear confirmation that the trendline holds. For those traders who might have missed this trade, a good place to enter a trade would be on the breakout of the counter-trendline which can be drawn on the lower highs on the daily timeframe. We just hope that Elon Musk is not caught smoking a joint again or rambling nonsense on Twitter.
NASDAQ:TSLALong
by munyaelliott
Tesla INC, TSLA, Possible levels for safer entry!keeping it simple. We have the weekly chart showing a slow but bearish momentum. I know its having a little rise right now, but thats more or so seen on the daily chart or less. There are a few weak and bearish indicators on the weekly as well. I placed a decent buy area of possible pull back and testing of lower levels before the next rise to my sell zone above. I wouldnt get into the trade until lower levels are retested one last time, to be extra safe. I am not currently holding any TSLA Check out my other charts that have been very accurate to date, with many having 50% to 500% gains! Happy trading, debating and speculating!
NASDAQ:TSLAShort
by ToddGreen
1
Consistent, Cyclical Winner & A Fun "Show Me" Story (PT: $12.80)Iridium has reported well the last couple of quarters. The biggest story and "show me" aspect of it is its Constellation Network rollout that will be completed this year. This month, 55/75 satellites will now have been launched and in orbit with help from SpaceX (an amazing partner with a healthy record). There's little reason to believe they won't meet their goals this year, as guidance has remained the same. This stability has allowed IRDM to step up slowly, but surely into different cyclical levels, where some modest gains can be made. Last year, when a 20/75 satellites were launched, IRDM was sitting between $10 and $11, only to shoot up into the $11 to $12 range as more satellites and guidance were maintained and stable. This trend has continued this year with an easy ceiling of $12.80 to hit. Anything around $11.25 was a good buy and has come up 5 times. No doubt it will continue after this most recent one. The stock has stayed above its 200 MA with little problems. Look for another opportunity in the near future, with a potential to sell again in June/July.
NASDAQ:IRDMLong
by N3utra
1