A breakout occured on 1 May with strong volume, stopping the rally that started on 27 April. Our short term position is BEARISH unless the price breaks above $14.5 strongly Monday morning. Short term-support at $12.5 and short-term resistance at $16.
We can see higher highs forming and a key resistance at $8. This resistance must be crushed with high volumes for the rally to sustain. I think it is a nice trade to try out!
Breakup occured with high volume on 24 April. RSI looking good. Trend is bullish.
Tesla strongly broke the $770-$790 resistance, implying that the rally is still resuming. The next resistance is at $950, a great level for profit-taking. The long term target price of $1200 remains unchanged.
Bullish channel building up. Strong monthly multi-year support at $1600.
Key RSI level breakout on 23 April fueling up the rally.
GDX looks good : we have certainly seen the bottom here. Breakout was validated by the pullback confirmation. There is a huge potential here, based on the previous lows of march : Target Price of $50. Volumes are not very high, but they should pick up quickly, as investors have being buying the dips during the past weeks.
High selling volume + Long Tail Candlestick + Rising RSI => Breakout Likely