@JonahLupton@StockSavvyShay@FuturumEquities The stock's RSI on the 2-hour timeframe is at its lowest level ever, while the price is also close to the 200 EMA. There is likely some forced selling involved.
@FranVezz $PENG daily chart is starting to give me some late-2022/early-2023 $SMCI vibes.
The setup isn’t identical, but the bigger picture is improving: major earnings beats, repeated guidance raises, and a non-hyperscale AI infrastructure business growing rapidly beneath the surface.
$TSLA Chart Update!
Every time Tesla broke out to a new ATH, it led to further near term gains.
If you took the average of "the last 5 times" then it is about +52%!
That should take TSLA to $745!
FWIW.
@labeltrader1122 Not surprising. A bunch of idiots who don’t understand what kind of phase is beginning. Then next, in a few months, the stock’s valuation will be analyzed when the price is at $800
@venuguntupli7 One of my biggest positions in this momentum market, all the signs were in the air a few months ago that this was likely to be something big this cycle. Sector, ticker, hot market, historical chart etc.
@ConnorJBates_ Interesting to see $ENPH tomorrow. Rejected by 50ema for almost a year. Would be an even better sign for this sector, which is talked about too little.
@ZaStocks Yes. If we are at the beginning of the cycle, a company like $ABAT can do something that we would not have imagined. I couldn't imagine a better ticker when it comes to the current administration.
@TheSwingTraderr Relative strength, positive fundamentals (most notably M2 liquidity), strong weekly support, bearish sentiment, etc.
It is very possible that there will be a rally soon, a bit like after the 2021 crash.
@1ChartMaster Gap down in futures before opening at 18300 levels or a little below, could be a good entry for a rebound.
Lots of weekly and daily support
@nextbigtrade Ironic how one report like this destroys an almost perfect setup. Sector in green today and this was already starting at the beginning of the day.
I took the losses
@JarmoFriman Maanantai voi olla ilotulitusta jopa minereissa. $CLSK oli halteissa perjantain warrant sekoilujen takia. Tuo oman lisämausteen jos kauppa aukeaa.
@TheSwingTraderr The ideal market to make a significant excess return. This is a bit like 2021, but alarm bells should start ringing when weakness starts to appear, and the strategy must be changed.