Ascending Bullish Triangle on Tesla 1YR 1D price chart.
Bullish falling wedge price pattern on the Alibaba 1YR 1D price chart.
The company is currently valued at around $190B and is currently trading below value compared to what the company has on its balance sheet (1.75M in Total Assets compared to only 630K in Total Liabilities). Double bottom price pattern could potentially send the stock back up to the $167 price range (from a long-term perspective).
It appears that AMEX:SPY has reached an excess high. Additionally, traders should also be aware that the 50-day SMA has fallen below the 100-day SMA (bearish signal). Furthermore, bull rallies that are made on declining volume generally provide a more quality trade setup to the downside. Lastly, traders should also notate that the 14-day stochastic indicator is...
It appears that sellers are losing momentum towards the support of the uptrend line. Additionally, there is a significant shrinkage in size in the last bearish candle in the trend compared to the previous candle. Additionally, price also recently found support at the $422.03 price level, and you also have additional support at the $412.26 price level. Therefore,...
In the short term, we are bullish on Meta with a $318 PT. Price currently has a solid uptrend line, strong price action on Monday, MACD well above the zero line.
- The price is at the resistance of the up gap. -Current short-term up trend is weak. -MACD losing momentum. Nearest resistance level is $379 (Upside potential is limited)
Tesla has consecutively found support along the uptrend line. Looking for price to hold at support and retrace back up towards the $255-260 price range. Could potentially be a great swing trade with lots of profit potential !
Price could potentially see a small rebound from the previous key support level of $177.90 back up to the MA. If price fails to hold @ the $177 range, Apple will more than likely continue to see volatile movement to the downside.
Tesla's price action today could be vital for the stock. The price could potentially rebound from the previous key support level of $243.24 or potentially see a volatile move towards the downside. Also news of Tesla's CFO stepping down will also likely play into the price action.