Sunday, November 2, 2014

FORD & TSLA Update

FORD: Technicals are weak. Can trade for a bounce on close above the downtrending line. 14.5 is a previous strong support/resistance level. Support levels marked in chart.


TSLA: Technically still consolidating, not weak yet. EW wise, should be starting a wave 3 soon. Reward/Risk favors longs with a SL@217. May be the earnings will pump the stock up???
Long strangle with 3:1 call/put ratio should be good enough. 




Friday, October 31, 2014

Friday, October 17, 2014

BIDU


PSX: Nice setup for shorts


GOOG: In C wave: Sell on rise

  • Price well below support trendline.
  • Short on close below 515 or short between 545-555. Price may test the gap between 448-487 formed on 10/18/2013.


Thursday, October 16, 2014

TSLA: struggling after price broke the trendline



Struggling after price broke the trendline. Tomorrow's weekly close is critical. Short between 234-236. 

FB end of 5 waves? Weekly close below 69 is bearish.



Sell on rise: Short between 73-75 or close below 69.