Continues to go in line with the model posted in August.
Fundamentals are terrible: 1-The company is still cash flow negative and mainly survives on government subsidies. 2-GM Just introduced its 200 miles+ electric car that sells for 30K vs 110K for Model S. 3-All car manufacturers have moved in to produce electric and self driving cars. 4-There are IT experts in Silicon valley that teach "Self Driving" tech to...
Classic breakout on excellent volume. No business below 769 from here on.
52.52 cannot be violated. That is your ultimate stop. There also seems to be a small 5 wave structure down from the 44.92 high. So you could also use 44.92 as a tight stop. Game over for YHOO.
Apple is forming a basing pattern against TSLA. 0.66 Should be tested. If we break above it, the prices of the two securities could become about equal.
All on the chart. Pretty straight forward.
Entering limit order to buy at 69.7 with stop at 66.2 targeting 78+
The triangle in the middle implies another leg down.
Red projection is the main count. Blue projection is the alternate count.
Triple Rejection at 3.07 with massive monthly momentum divergence is the main technical evidence calling for a test of 2.80 Moreover, All movement since January 2015 has been corrective, including the 3 waves up from April 2016. The c wave of the corrective structure in the light blue box is missing. I believe this will be a deep retrace to 2.6851 as is typical...
Analysis attached is up +600 points. 5 up seems done. Pullback to 16200's is expected. One larger degree bull trend should then resume.
Looks like a 5 down. Bounce to 17200/17800 should be followed by sell off below 14854