A trader breaks down pre-market setups for TSLA and RGTI using dark-pool prints and chart levels. For TSLA: stay above $419 for bullish, break below $415 for bearish toward $410. For RGTI: close above $11.25 for bullish, below $9.50 for bearish toward $6-$7.
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Good morning, traders. It's Friday, January 17th at 5:38 AM, so we're up early. Let's go ahead and get some trade setups. We've got some pre-market volume and we've chosen Tesla and RGTI. So let's have a look. First off is Tesla. So we've got a 400,000 trade print yesterday for $1,382. We're hovering around that $3 Above, we do have some some trades just above us. Four thirty-four, but we've got this building up. If we close below here, then we've got a trade to the downside. Remember, this is the daily chart, and if we stay above this four thirteen eighty-two, then we've got four thirty-four fifty is a one point six million from December nineteenth. So if we close above this one, boom! Tesla to the moon. So let's go ahead and look at our. 5-minute chart. So here are our dynamic support and resistances, our pivots. And so let's have a look at this. We're bullish above $419. So right now we're at $416.69. Now Tesla is an ATR, an average true range, of $25. So it can move based on the last 14 days average. It has the tendency to move up to $25. So we've got some wider targets on this one. So bullish above $4.19. We're looking at $4.20, $4.22, $4.25. You see what I'm doing there with the major dollar levels? $4.2886. So if you have Moby, these are already mapped out for you, your, your targets. And then $4.2886, $4.30, $4.3450. Now look at this, a 1.6 million print. So this would probably be pretty much the end of this $25 ATR if we went up for the course of the day. So in order to go short, $415, we got to get below $415. This looks like a little cup and handle here. Let's come back. So if we move below $415 and we've got a trade down here, $412.50, $411.09, that's this one here, $410, $407.50, $405.64, all the way down here. And then 401. So we've got these gaps here. All right, so that's it for Tesla. Let's go and look at RGTI. This one's been quite popular in the pre-market. And so look at all of this volume back here for the— see when the dark pool got into this debacle? 750,000 shares, 2,800K, all at a dollar, between a dollar and $3.50. And so it's already been up here to $20 and coming back. So you can see the manipulation here on this. So just so that you're aware, I don't think you'll ever short squeeze the institutions on this one. So we need to close above $11.25 today to go long. It would be better to close above here, $12.64, really, if we were going to take that on swing, that really would be the target. We've got this gap fill. This is all resistance for a while. We've got the 4 that's crossed over the 8 on the downside, which is bearish. So we need the purple line or pink line to cross above the blue one and close so that we can retrace and stay above some of these other prints. All right, so if we close below here, $9.50, then we could go short all the way down to $6 maybe over the few days or whatever. So that's the big picture there depending on what happens today. We've had increasing volume the last few days. So let's go ahead and look at the 5-minute. So here it looks like there's resistance above us and we do have some of these trades here from yesterday, $106,000, $200,000, $100K mixed in with our support and resistance. So let's be bullish above $11,200. We're at $10,083 right now. So we— let's get above this print. Right? There's there's twelve cents between this this support and the print. You can try that. This is really tight though, and if we look back, we've come up tag this one. This was resistance. So what I'd like to do is get above here, this eleven twenty, and then we can go to eleven forty, eleven fifty six, eleven ninety eight, all the way up here. We can make it up there. Just being wary. If we look left, these are going to be resistances until they become support. So just be careful of that. Up to $12.19, $12.50, $12.73. These are some nice pockets up here if we can get up there. And the ATR on this one's $3.41. So from say $11, we could go $14, $15 on the, on the top. And then if we're eyeballing it here, You know, $6, $7. So this one can move either way. Whether it does or not, that's something else. We're bearish below $10.50 with a target of $10.29. So we've got this pocket, $10.29. Now we have a pivot and a CAM here, so this is going to be double support. And if we look left, this is a support area as well. So if you're going to take some profit, maybe scale out a little bit there. And avoid the bounce. And then we'll go to 10, 9.62, 9.30, 9, and 7.54. So we're just trading these pockets. And remember, the, it's a lower price stock, the 20-cent levels, 50-cent levels, and here it's 5/8, 9.62. So just FYI on that one. All right. So please like and subscribe. Leave some comments in the comment section below. Hopefully you guys are enjoying these trade setups and you're being profitable. If you have any questions for videos that you would like to discuss, if it was educational or trading, anything like that, please let me know and we'll get that done for you. All right, happy trading everyone and happy Friday.
