Trader TheFriendlyTrader — Trading Ideas & Charts

Fibonacci Price Levels for Tesla

TSLA

, 1WLong

TheFriendlyTrader

Easily broke through $300. Here are some price levels to look for.

Tesla Weekly Chart

TSLA

, 1WLong

TheFriendlyTrader

Broke out of inverse head and shoulder around 220 levels, was a buying opportunity. moving up towards resistance around 300-315.

Bitcoin Inverse Head and Shoulder

BTCUSD

, 1WLong

TheFriendlyTrader

Big Inverse head and shoulder pattern (or cup and handle) on bitcoin. Looks like it wants to breakout of the neckline.

Inverse Head and Shoulder

COIN

, 1WLong

TheFriendlyTrader

Inverse head and shoulder on the daily chart. If breaks the neckline, can get a run back up to $400.

Facebook Just a Possibility

, 1D

TheFriendlyTrader

Just a possibility for a head and shoulders setup. Support in the $240 - $250 range. If the neckline breaks, potential targets below.

Possible support areas for PYPL

PYPL

, 1D

TheFriendlyTrader Updated

If 146 doesn't hold, support at 136, 121, 110. Can short under these levels and also look to scalp a potential bounce.

GOOGL Strong ER Move should see this test and break ATHs

GOOGL

, 1D

TheFriendlyTrader

GOOGL with the gap up open today over the short term downtrend channel and continuation higher with a huge ER move after hours. Should see this test ATH around 3k, then most likely breakout to new highs.

BYND Bouncing at previous support

BYND

, 1WLong

TheFriendlyTrader

BYND bouncing off support in the low 50s. The previous times it has made a major move from this point. If it breaks out of it's current downtrend channel it is poised to make a run. Weekly RSI and MACD oversold and crossing.

Roinhood Reversal/Buying Opportunity

HOOD

, 1DLong

TheFriendlyTrader

Now may be a good time to get into Robinhood stock: 1. It went down almost 90% from ATHs. 2. Today had a bullish engulfing daily candle. 3. One of the highest volume since IPO. 4. RSI and MACD oversold with positive divergences on both. Fib levels show potential price targets.

BABA in downtrend channel with support at 110

BABA

, 1M

TheFriendlyTrader

Baba has been in a long term downtrend channel. 110 is acting as support so far, which is the previous high and breakout zone. Good risk/reward setup at 110 level.