Yesterday was decent. YHOO we nailed that short out of the gate all the way down to $54 before it turned and never looked back. However, we had to pay the market some on the NVDA opening short on the big gap up when it started to run higher.
Just a massive runner on the daily chart that shows no signs of weakness. Today it is already gapping up huge again during premarket trading. If we open up around that $165 mark we are still short biased for a potential turn. We usually do not try to hit the trend reversals but if a chart is up huge on no news there is no reason to chase it long where you might hit the dead top on your long.
Steady climb on the daily chart. Looking to join a long trend again. Note: If you compare TSLA to NVDA then TSLA definitely offers a smoother/less squeezy uptrend and hence a trend join on the long side is still reasonable.
Nice curl of the $12 base after a few days of consolidation. Looking to join a long trend on a weak open for a r/g move.
Nice profit taking action yesterday on the big gap up. The plan is to look for continued weakness on lower highs for a short entry with a $43.50s target in mind.
Nice daily chart that set up for a potential $14 breakout. However, it got crushed yesterday during after hours trading and is hovering around the $12 area in premarket trading today. Therefore, all the longs that bought for a potential $14 breakout might hit the sell button today and we might see a potential unwind where we try to join the short side.