Original post - 6th Feb 2020  

Posted here - 8th Feb 2020

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[STOCKS] Swing/Positional View

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[TESLA Inc - TSLA] TSLA has seen an extremely volatile short squeeze in the last few days from $400 to $970 and is currently trading at $700+ after a 20% fall from the 52 week high in the last few hours. 

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Important to note that such volatile stocks are to be traded with exceptional risk management and discipline. Any trades at random prices without stop losses has the potential to wipe out a healthy account in a matter of hours. Please operate STRICTLY near key levels with small positions and tight stop losses while trading such instruments.

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From a technical perspective [positional], Tesla has a key support zone at 675-623 and a critical key support zone at 540-530. As long as this holds, Tesla has the potential to test the key resistance zone at 920-950. 

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Tesla is in a bullish set up which means "buy on dips" should be the positional trading strategy. Counter trend trades are best avoided. Again, positions should be explored ONLY near key technical levels with a tight stop loss.

 

Original post - 2nd Feb 2020  

Posted here - 8th Feb 2020

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[STOCKS] Positional View

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[Amazon.com Inc - AMZN] AMZN has a critical key support at 1811. As long as this holds, AMZN has the potential to target the key resistance zone at 2205-2239. Scenario void below 1811.

 

 

Original post - 22nd Jan 2020  

Posted here - 8th Feb 2020

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[STOCKS] Positional view

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[Netflix Inc - NFLX] NFLX has a critical key support zone at 301-307. As long as it holds, NFLX has the potential to target the key resistance at 387 over the next few weeks. Scenario is void below 301.

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Positional opportunities are best built with a "layering in" plan at various dips in small quantities in a staggered manner at different points closer to key levels.

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