July 28, 2014 Tesla Motors (TSLA) Tesla's stock chart seems to have a correlation with a certain price move. As you can see on the chart below, Tesla's first big move was from $38 to $193, approximately a $155 move before a pullback. Tesla's second big move was ALSO an approximate of a $155 move before another pullback. If there is a correlation, then the next near term target for Tesla is $315 which will equal a $155 move which then we can expect a pullback. With Tesla's earnings right around the corner, we can take a gamble and have a bit more ...
July 27, 2014 SPDR Gold (GLD) GLD was one of my winning trades last week with great potential coming up, in my opinion. As you can see on the weekly chart below, you can see that GLD is forming a nice bullish pennant / symmetrical triangle right after the long weeks of downtrending. Another factor to keep in mind is that the CMF indicator on the bottom of the chart, shows that money has been pouring into this ETF while the price action has been consolidating in this pattern. My short term breakout target is $136. Once GLD breaks $130, this will signal ...
July 26, 2014 EBAY Inc. (EBAY) Ebay is a trader's dream stock. Ebay has been in a sideways channel since 2012, hitting the same resistance and support levels - knowing when to go short and when to go long. As you can see below on the chart, you will see the sideways channel which has been consistent for 2 years. Ebay recently has hit the bottom support area and it looks like now is the time to buy. With 6 weeks of Ebay making higher highs, I would wait for a small pullback and I would like to buy Ebay around $51.50. If ...
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