AfuOptions

AfuOptions

Back in 2020, Tesla dropped 64% and touched the 200 DMA. What's interesting is if you take the high of Tesla and draw it down to the 200 DMA, you get around 60%. Macro conditions will likely pull Tesla down further to 220's and may consolidate and bottom there OR continue further down until it touches the 200 DMA around 170. Both are buy areas for me. I'm...

AfuOptions

After nearly 6-7 months of consolidation, everything changed once TSLA broke past the critical resistance of 760 in late Sept. Targeting 1200-1250 before a pullback. Very strong catalysts for TSLA. 1000 is a critical support leevel that could be visited again if MMs decide to take profits and drive the price down. Only other bearish factor I see is politics...

AfuOptions

Patience with this one. Needs to break over 631.60 for a good run to 650 imo. Nice clean wedge that's formed over many months. About time for it to make a larger move to the upside. Maybe 1-1.5 more weeks?

AfuOptions

If BTC enters red zone, it will likely go lower. Anything over 42500 and stays there for at least a few days is bullish to me but I do not see t his happening. Might trade in a range. Goodluck to you traders.

AfuOptions

I think we are starting to form a strong support around 2100. I think ETH will be rangebound between 2100-2900 for a month or two before breaking out. If ETH fails to hold 2100 then I will be super bearish.

AfuOptions

Targeting 2900-3000 :) Enjoy. After that, I'm going long.

AfuOptions

ETH has hit the 3.618 fib. I think ETH will retrace around 4400-4500. We may get a 15-20% correction, consolidate and then we'll probably make a move higher.

AfuOptions

Will we got more chop sideways or a flush? Today Healthcare/Energy/Consumer/ non tech names did well. Seems like growth still getting the short end of the stick in the markets and bears are smelling blood. Not sure if this level will hold but if we go under, i'm shorting away. If we chop, i'll continue scalping and building up cash position.

AfuOptions

The whole week spy has been pretty choppy but managed to stay above the critical 416.32 support. If bulls manage to keep it above that level, we may get to see SPY fill that gap to the upside. The critical level SPY needs to pass is 420. If it doesn't I suspect we will see this choppy market continue and spy will likely trade between 416.32 and 420 until it...

02:23

AfuOptions

Wedge pattern forming at the moment for TSLA. Price action for TSLA and NIO was very interesting on friday. Of course, NIO follows TSLA and heavy buyers came in to buy the dip on TSLA. For the first time in a while, TSLA outperformed SPY which to me is a bullish sign. I think momentum will carry TSLA now. Currently in TSLA options that are up 80% for next week...

AfuOptions

TSLA retraced nearly $100 in 2 days, nearly touching the critical support of 565. Where do we go from here? I believe we hit 700 next week or the week after and the FOMO will truly begin and funds will start to continue pushing TSLA higher to 750 and maybe 800 by mid january or early february. Not investment advice. :)

AfuOptions

Bullish pennant after bullish pennant, TSLA never ceases to amaze me. Let's keep going. I think we see a 20-25% retracement around the 710 level... If it breaks above 710 with strong volume, can see 800-850.

AfuOptions

BREAK ABOVE 420.69 and we begin our bull run to 600. Maybe 720 if all things go well ;)

AfuOptions

BABA stock has seen some amazing growth this year. China regulators passing antitrust laws scares me. Hindering disruptive innovation and capping these growth companies is not good for these Tech companies. I do like BABA as a company. Long term I think it's a great hold but as of now, I'm uncertain... Right now it fell below my first support and is trading at...

AfuOptions

Price target: 596.87 (Just below psychological level of 600) and at the 2.618 fib. Why? Many bullish catalysts for TSLA. Especially if Joe wins. LONG TSLA.

AfuOptions

I believe we are about to enter a 1-2 month long bull run. AMZN is sitting in a nice wedge right now. With the pandemic still raging on, and multiple cases coming and closures in Europe, I believe AMZN will capture an even stronger foothold in the world. Hedge funds love AMZN and will definitely bring it higher. PT: 4000 EOY.

AfuOptions

I believe we will have a very bullish November after big tech reports earnings. I think Trump has a decent chance of winning which will cause stocks to rise. To be honest, the selling off caught me off guard. I believe we are now in oversold territory. I see a double bottom here. COVID: I don't think the U.S will close because that will just be absolutely...

AfuOptions

Broke out of that ascending bullish channel and went above 13k finally. I expect short term weakness trading between 12650 and 13200. Only a matter of time before we break 13200 resistance. BTC LONG.