Market ready go higher or take breather here?
- Market rebound on Friday with 546 points. Trend likely to continue on today
- On week chart its still close below last week with Red candle
- Short term trend changed to up as closed above 20 EMA
- Medium term trend on chart is still sideways
- Big drop in Vix about 14% is positive sign
- More may stay range bound amid many earnings and economic data!
Tesla short term target is 179! – Long Idea
- TSLA looks positive for short term trade, it may be going to fill gap to 179
- RSI and MACD moments are turned bullish
- If you are positional short in Tesla use 50 EMA as SL
Gold testing 20 EMA!
- Gold fall sharply on Friday but hold 20 EMA
- Gold trend up on all Short and long term charts
- Failed to close at high but this week action will be important
- Watch 50 EMA line for immediate support, very important!
Meta going down further? – Short Idea
- Meta look like going fill the gap soon towards downside!
- This stock can touch 221 levels if market stay range bound to goes down!
- Both RSI and MACD pointing downward
- using previous day candle as SL which is around 233
Zillow Group – Long Idea
- ZG earning beats estimates and rise 4.32% on Friday
- Testing Resistance now but it close above 48.50 it shoot furthre
- Short term trade target can be 53 -55
- Keep Strict SL 46.20 on close
