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PFE STRONG AF: All indicators point to continued strong uptrend I REALLY liking PFE rn for long. Here is why ~ Today it not only crossed the VWAP, but it broke the 75th percentile indicating upcoming higher highs. ~ Not only is it riding above the VWAP rn, but there is a nice gap between the price action and SMMA indicating a continued uptrend ~ Price action > 30 EMA > 200 EMA and there is a nice gap between both EMAs. this setup signifies a strong uptrend and an excellent long entry. (especially paired with the fact that the VWAP was crossed) ~ We are maintaining a strong uptrend already on the 50 MA and hourly chart with the 50 MA being a solid support line. I am swinging a PFE call atm (ITM) as PFE is about to be overbought but is not there yet. I believe we may see another test of 50.50 before the pullback. I am hoping we can break it, but if not 50.50 will become a great support zone once we do pass it. I am planning on selling at 50-60 percent profit ( I am at 49 percent rn) and am going to reenter when we retest the VWAP.
NYSE:PFELong
by MathewPiedoux
Watching TESLA's Trend ChannelNASDAQ:TSLA Here is my working hypothesis for TSLA from only what the technicals are presenting. This stock has a very dedicated and ever-growing retail base that has more of a buy-and-hold view rather than trading typical price action. What's making the difference for me is that TESLA share holders are also buyers and believers in the company. They love their tesla products much like apple consumers love their devices and "ecosystem" which they can live in. This holds in an incredible amount of value not plotted by traditional charts or technical analysis. The class of these individuals are also considerably higher than that of traditional consumers who buy and hold stocks they know but don't have any attachment too. It will be interesting to see how this plays out but I believe that institutional investors would already be keen to this theory and already profiting from it nicely. In the bullish scenario here, I would be targeting the upper trend channel that's newly developed from our recent breakout. Good luck and enjoy the markets.
NASDAQ:TSLALong
by jakelikesstocks