I'll admit I am hopeful this trend continues and does not break downward. We shall see
Since BABA broke the support trend line I see it retracing back to HKEX:87 or $88. If it doesn't break that support line, then it could resume long.
Similar to the FNGU CTM 1.0 Technical Analysis, look for support at the $26 zone. Support line is broke, TQQQ could retrace back to $22.92. Could buy the inverse for short term trade below $26 and sell around $23. I'm long on TQQQ so looking to reup on buys in that area unless the 2nd line of support is broken. Paying attention to the MACD here for continued trend...
Great run up so far, looks like there should be a healthy pullback this week. Look out for the $94-95 Level for support. Stop Loss around $93, if FNGU gets below that it could retrace all the way to $80 which is another good buy zone. I'm long on this stock and not looking to invest in its inverse (FNGD) unless FNGU drops below $93 Not financial advice
TSLA is in a better position than FNGU and TQQQ in my opinion, I went short on Friday around $207 with TSLQ and set a take profit of 5-7%. I should have let it run because I see TSLA going down to $190-188 support zone. Any lower than that and I will be bearish and buy more TSLQ. Above that level I am long TSLA and TSLL! Onward and upward Not financial advice.