If TSLA still respect the channel as we see, the projected price target from the bottom (which right now +- 5) I expect it to retest 165 price level ( as the SMA 200 weekly hanging) heading to the ER. After that will be the continue downtrend.
Its running in the obvious down channel, and now at the lower end of it. I expect a quick bounce to 94-95 level. It will line up perfectly with the weekly SMA 200.
After that continue to the downside. For me, Google at 70 level is really attractive based on technical and fundamental
Apple , is the strongest stock in the world imo. Despite all the negativities, it holds really strong. Yet it has created a down channel, not as impulsive like others FAANG.
However, something has to break eventually. AAPL bounce decently strong at the lower end of the channel, and I can see it visit 145 level in the short-term bounce.
Amazon is a great company with strong fundamental, but the valuation at this point is way too high for the market.
Remember, we are in quantitative tightening ( less money supply) market. The market will punish the over valued stock.
However, I can see AMZN is going down in the channel ( not perfect, but close enough), and now its at the lower end of the channel....
