grahammk

grahammk Updated 

The last 2 weeks we saw the price trending neutral within a mini desending wedge while a Strong Bullish Divergence had formed on the Stochastic RSI. This basically foretold that a breakout was imminent however the strength of the breakout was and still remains uncertain especially since it was on relatively low volume at 107 million shares. The Market sentiment...

grahammk

This is the final push for the top before I suspect a strong pullback. Originally I was expecting $265.00 and that was exceeded. Be Ready to take your Profits as I fear the Honeymoon may soon be over for a while and you 'll be Smiling all the way to the Bank. Look for and sell at the first sign of weakness as the price nears the top line of resistance at $305.00

grahammk

I do not own a position in FSLY. This is the first time I've looked at it and I know nothing about the company. I'm just treading the chart FWIW. If I were LONG I would definitely be Selling and protecting my Capital while looking for a new re-entry Price Point lower down possibly at the 50% retracement Level. If I were Shorting, now would be a good time.

grahammk Updated 

OK Traders. Look at the Timed Cycles on the top of my chart and the trading pattern that AI has undergone since early February. I for one am not going to let this pass me by again. Likely by Wednesday I will take a large Position as the potential for a 30% gain within 11 days is very real. I firmly believe it's worth the risk for less than 2 weeks time. The...

grahammk Updated 

I've seen it happen several times now where Tesla Scrathes and Claws it's way up for a few dollars over the span of a week or 2 and then in Minutes it drops like a stone. The power of those Shorting it is truelly remarkable but once you understand the concept that they can flood the market at a moments notice with millions of shares there's not much to hold it...

grahammk Updated 

Over the next 2-3 days I expect it to be both a Feast and Famine depending on your trading Strategy and watching the markets being not afraid to hit the sell trigger when opportunity presents itself for you to take profits off the table. Remember you want to trade the trends to put money in the bank and not just ride this stock up and down like a Yo-Yo. So over...

grahammk Updated 

Well I called it just about perfectly this time with my previous Chart "Drop and Rally" indicating for a bottom today of $177.00 followed by a subsequent Rally. Today's candle formed a bottom reversal and now I believe we'll see at least 2-3 more days of Rally moving towards the Q1F's before the Bears try to take it over and Short Sell once again. The next level's...

grahammk Updated 

There's no doubt that Tesla is the most widely talked about, speculative and volatile stock in the Markets. Although we did see some strength last Thursday I was expecting a dip to HKEX:177 and I am actually still expecting that to happen. The trendline that I flagged had been touched six times for support and resistance in the recent past and I believe that it...

grahammk Updated 

NYSE:AMC From what I can see is that if you can get a Buy around HKEX:4 an expected breakout should move it back up to $5.5 for a potential gain of 37.5% within the next 4- 6 weeks. The CMF is rising nicely meaning it's currently under accumulation and it has been trending well below the 200 day MA for quite some time. Perhaps their financials may be...

grahammk Updated 

A rising wedge always ends badly and this one is near completion. When the price breaks down out of the wedge it will likely drop till it fills the gap at $102. The difference from $128 to $102 is $26 for a pullback of approx. 20.3% .... I suggest you Take your profits now.

grahammk Updated 

Looking further at the chart the potential for 2023 that C3.ai can advance to the $73 Level is very strong and it would still be nearly 60% below it's high. The biggest difficulty is determining Fundamentally as to what is a realistic price target for them right now.

grahammk Updated 

So it looks like the Bears have won the Tug of War. A Punishing Blow to Tesla Investors just after they felt like they had a little momentum with a breakout move on Friday believing that EM and his Team would Surprise us with the Q1 Financials. My previous chart had us in a Bull Flag as a Long Term Pattern and I'm chalking the last 2 days as an anomalous move by...

grahammk Updated 

Wow. What a MOVE today. To be honest I did not see that coming. Not today anyway. A full Green Candle Breaking out above the Bull Flag has set up a whole new trend. My new Price target is $230. All signals remain as a Strong Buy. Tesla has too much going on at the moment to be caught out of the shares. (A) Sunday April 2 releasing much more positive Q1 Production...

grahammk Updated 

Clearly you can see a Pattern within a Pattern. A Short term Bearish Descending Triangle within a Longer term Bull Flag. The Bulls want the Flag to break out early to the upside and are just screaming for any excuse to make this happen but they are holding their breath for Q1 numbers to by far exceed or Surprise expectations. The Bears on the other hand are...

grahammk Updated 

Although a Bull Flag can see the price drop approx. 26% to $140 it allows the opportunity to trade the swings within the pattern buying and selling at Resistance and Support which could be very lucrative. Typical to see Lower Highs and higher lows as the pattern works to completion. When the price does break out from this pattern it can be a Very Strong move...

grahammk

Further to my previous chart that shows the potential worst case scenario, I believe this to be a more likely scenario although still short term Bearish. Needless to say the next 4 weeks will be very interesting. Tesla usually drops much faster than it climbs. I'm currently out and looking/waiting for a new re-entry point.

grahammk

I don't like being the Bringer of Bad News because Tesla is one stock that I'll be in for the next 8 years however these are just some of the signals I'm reading and so I'm predicting a short term Bearish move, especially if there is nothing of substance to prop Tesla up in the next few weeks. This may be a good opportunity to bank some profits and hope to buy...

grahammk

Missed the beginning of this one but looks right now that there is Plenty of upside from here.