AceBoogieWitMe

AceBoogieWitMe Updated 

Tesla has been going through the wringer, between Robotaxi news, tariffs and the ongoing feud between the most powerful man in the world (Trump) and the richest man in the world (Elon). No doubt the news has had its fair share of impact on the stock. But Technicals will always hold more weight than news. I'll breakdown a few reasons why I believe this stock is due...

AceBoogieWitMe

This stock has been beat down this year due to declining revenue. Who cares about fundamental though?? As you can see from the chart, it has formed a very nice island bottom on the Daily, at what looks to be the end of a downtrend. I entered a long position @ $1.75 with a stop at $1.65. Top level resistance of the island is @ $1.97. RSI is getting stronger @62,...

AceBoogieWitMe Updated 

SMCI looks has clearly formed a symmetrical triangle. I expect a triangle breakout at earnings or possible before earnings if really good news is expected. Because this is a symmetrical triangle, you have to play the direction of the breakout. Have a tight stop loss at 800 and prepare for take off to retest $1220 💰. If this breaks out bullish, this will be a 45%+...

AceBoogieWitMe

As you can see, we have a nice cup and handle chart pattern. The cup base looks pretty strong at 12 weeks of formation. I'm expecting an entry at $3.89 if the vol is greater than 4M. I predict this stock will run up within the next couple of weeks. I'm expecting to take profits around $4.75 but I wouldn't be shocked if price runs up to 5.10 on really strong vol....