TurtleBChi

TurtleBChi

NASDAQ:TSLA gapped down on Thursday with the broader market. Although it seems to recover the gap at the end of day and Friday morning, it lacked momentum on both sides. The action near end of day, instead, showing evidence of bear edging out the bulls in today's consolidation. When momentum picks up on Monday, a broader market bearish tone would likely push...

TurtleBChi Updated 

Expecting possible resistance near 2380.

TurtleBChi

It was "convenient" to be topped around $50 upper part of the channel. Now it's making its way down in "anticipation" of tomorrow's rate hike speech by Yellen. It's likely to reach bottom of channel around 48.7 before the speech, and the outcome will be either a rebound or a break of the channel.

TurtleBChi

see chart

TurtleBChi

See chart.

TurtleBChi

With a continuation of HH and HL channel pattern forming. A 30% appreciation looks probable from here to the end of the year.

TurtleBChi

Possible triangle set up for the volatility battle between bulls and bears.

TurtleBChi

Volatile Consolidation is forming on daily.

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Reasons on chart.

TurtleBChi

Might be a place for some short term support buying.

TurtleBChi

There's a storm brewing. It might not be a perfect storm, but it could be a formidable one for any bulls. We have two escalating global conflicts (Ukraine + Israeli) + Technical indicators all point to market over bought + Fed is denouncing the valuation of small cap, tech and bio tech sectors. We could still go up more if the invisible hand of the market...

TurtleBChi

It's a classic breakout and retracement pattern. Will it continue the upward trend? Only time will tell.

TurtleBChi

Watching for short term support zone.

TurtleBChi

As spring and summer comes around, more people will be looking for properties ahead of rising interest rates. Look for Z to break out of consolidation pattern in the coming quarter.

TurtleBChi

CRM has traced to 50% fb around prior support of 58. It might have a short term bounce here.

TurtleBChi

looks like a good RRR here if support holds.

TurtleBChi

Not sure if SCTY will come down to 65.25 area where a 38.2 fib line and prior support converge. It makes it a attractive place for long.

TurtleBChi

MU had explosive movement in 2013 with stock price quadrupled. 1st quarter of 2014 has been mute so far. Here's a couple possible scenarios. Watch out if it breaks the near term support.