NASDAQ:SOFI is now trading sideways within a channel as depicted on the daily chart shown here.
The yellow line shows a strong line of support that has been resistance in the past.
Overall im bullish but confirmation has not yet been set. This is a great stock to add to your watchlist. If there is a breakout the % return might be huge
BTC 1 D Chart forming a wedge and also following FIB levels pretty closely.
Use these as key areas of support and resistance and watch for a breakout/down from the wedge
Currently TSLA has been stuck in this wedge pattern but I would keep it on watch if we break out over the next few weeks.
Lower interest rates should add fire to the stock.
TSLA has also already priced in a lot of woe's we have seen in the auto industry due to it not using a dealership model. (Other auto makers looked like they had strong sales but really they...
This is a follow up to my previous post about NASDAQ:TLT and AMEX:TMF showing also backing my thesis from a more technical level.
I really think this is one of the best risk rewards on the market at this time and also acts as a hedge against stocks if we get bad market news
Right now rates have probably peaked or are close to peaking
I strongly believe vehicles like NASDAQ:TLT or AMEX:TMF provide some of the best risk reward for a long swing trade for the next few months. TLT is especially attractive due to its Yield being over 4% at this time.
If any fear of recession comes into play over the next year these trades will fly....
