ShortSeller76

Strong support at $593 should bounce back to $676.78 reasonably off support within a couple of weeks

As I posted last week, and, clearly too early TSLA needs to test the $370 range where it broke out from. I do pat myself on the back for the epic bounce off support at $324.80 that needed to hold to see $426's and TSLA always goes further then we think both ways. We're way overdone and todays reversal shows it. $370's imminent in coming weeks

TSLA was a perfect ascending bullish triangle, yes, I drew the Elliott Wave wrong but got the calls right at $300 ($339 first target) and bounce off support at $324.80 ish (separate post). Remember the $7500 EV credit expires soon so there will likely be a pull forward of purchases this quarter which could temporarily juice the stock. We could see all time highs but first we must retrace once target of $426 is reached.

TSLA bounced off $35 range support this morning on 4 hour was oversold. Needs to hold $324.48 bottom of uptrend support to see wave 5 target of $426 otherwise the trade is no longer valid and will need to wait for another support and oversold condition to go long$400 calls up +971%

NVDA tends to retrace to .5 and .618 fib on each previous correction before making another bull run. We are also on an exhausted Eliot Wave impulsive number 5 overextended. Dont get suckered into the bounces until the selling has been exhausted to the downside. It should bounce off $152.98 support before resuming lower

If TSLA breaks through this wedge an Elliot Wave and Fib Extension suggest wave 5 would be reached $426.70. I made this chart Thursday and did not publish. Fridays move I don't count because the entire market went up with J Powell said NOTHING. So on a pullback I'd look to enter a position, this move should come in 4-6 weeks or less as wave 5 on TSLA usually lasts a month

AAPL has had 4 red daily candles volume and strength are slowing It needs to break $230 then we should see $218 in coming weeks before possibly making another run for highs. The run, though I not only predicted and lost money on was for BS reasons, AAPL is lagging in AI and seemingly has no plan there as of yet. The move from $202 to $232 was epic and congrats for those who has the correct expiration on their calls as I did not.....

TSLA, like AAPL, is forming a bullish wedge which likely will break to the upside. First target is $339 at wedge resistance then will reevaluateTSLA is still a buy regardless of the obvious earnings miss that was NO SURPRISE to anyone. Seems the wedge is still in tact. I have traded TSLA several times since posting this mostly on lower time frame 5-30 minute. Theta decay is a killer on these higher IV stocks so in an out, in and out, and, if you get "stuck" in a position so long as you have the direction called correctly one would simply ADD to their position

AAPL is forming a wedge and been lagging for 2 years. I was expecting $182 but we never saw that level, after weeks of $200 range consolidation it's clear this is basing, first target of resistance is $223 then we could be off to the races. I would expect to see this as soon as next week provided #donthecon can stop bullying American companies long enough to focus on important thingsAAPL still a BUY here. However I don't do earnings plays as of the last 2 years I will not hold any position overnight. The IV and theta decay dont make the risk reward make sense. I have traded in and out of APPL 6 times since posting this mostly using the short term chart 5-30 min, when I have a direction called I don't mind getting "stuck" with calls on a bullish position. AAPL is frustrating a lot of people since it's lagging but I do believe it will have a catch up trade very soon, the direction pre- earnings is clear UP. Weeks of consolidation and higher highs and higher lows. ER is always a wild card with all stocks as no matter the number the interpretation cannot be predicted ergo it's not worth the risk to hold through ER releaseAnother rough week, took at $54,000 loss on this. Broke structure IV on options was over elevated and of course it was a sell the news

Oversold, bounced off support, a strong BUY here first target is $224 second $228