Technical analysis of BABA and TSLA with specific entry and exit levels. BABA trades bullish above $119.25 or bearish below $117.44; TSLA bullish above $346.01 or bearish below $341.25. Uses 4- and 8-period EMAs, ATR, and Camarilla pivots on daily and 5-minute charts.
Chapters
Good morning, traders. It is Thursday, February 13th at 5:22 AM. So only economic news today at 8:30 is initial jobless claims, so that'll happen pre-market. So the 2 stocks that I have for you today is BABA and Tesla. So let's go ahead and have a look. Okay, so BABA's been on a tear. We can see all of these prints down here, and then it's been moving up. And then what else do we have here? We have a Half a million here from yesterday, and then 113. So we can see here that as we add them, the prints are coming along. And so yeah, we're up here, and we're still continuing higher. So we do have the ability to retrace back to this four here potentially. This four EMA around 115.50, 115.10, or we continue higher. If we break below this four EMA, then we can retrace down to the eight at 110. So the ATR in this one is about. $4, $4.25. So that would be kind of the range high and low that we would look for today. So let's look at the 5-minute. So here we go for, for BABA. We're in a little bit, uh, there is room to make money here. There are some, some pivots in the way, but, uh, we're bullish above $119.25, and it seems that this is triggering just now after I had mapped it out. So we're bullish above $119.25. 119.66, 120, 120.44, 120.99, which is this Camarilla here. And so this R1 is 120.44, so that'll be great to get above that because we have this right at 4 o'clock. So that's, that's a great point as well. 120, 150, 122, 122.55 is R1. And then we would expect a pullback. And if we go up, $123.32, and then after that we can continue to run. It's been quite a strong stock. Now we're bearish below $117.44, way down here, so we have to make a lower low. This is a pivot and 2 CAMs, so this is the primary pivot. Usually if you're above it, then it's bullish. If you're below it, that's bearish. So anyway, let's get below that. And get to 117.44, target 117, 116.50, 116, 115.67. We can see this now. That will be a tough one. This area here with also a person's pivot and a can, so we'll probably bounce there. And if we break below this as well, we've got a nice pocket down to 113.34. And so we would trade this level to level like the 115, 114.50, 114, 113 with those being major levels down to 112.86, and if we lose this one, then we can retrace all the way back here. So we just have to be, um, I think around 110. If we look back here, 110.13 is the 8 exponential moving average, so that would still continue with this trend being up, but that would be support there looking at the higher time frame. Next up we have Tesla. So Tesla has been beaten up recently. We can see this nice downtrend here, and let's add some extra prints here. So we've got, uh, 329. This— these are prints over 500K. 386, 382. We'll just add a few on here so that we can see what's going on. So we had this print 700,329.94. So we had mentioned in the video that this might be some seller's exhaustion when we looked at this yesterday, and we did actually get a print and we hammered here with— we had increasing volume here and this was pretty good for a bounce. So we're testing this 4 EMA at 344.47. So 344.50 is a major level. But this can get up to 355, right? So the ATR here is $19.65. If we break below this and close below this level, close below 325, then this will be selling, and then we could come down a little bit lower. And then if we're looking left, we could come down to here, down to like the 310 level, and then a little bit below. So anyway, this, this is a strong support here. We could actually draw a line right there. You can see that. So Tesla might be on a bit of a, bit of a rebound. Let's look at the 5-minute and see what we've got here. So Tesla, we're bullish above $346.01, which is a great entry, which is this Camarilla right here, $346.01. So we've got to break this. Look, and, and that's because we've pulled up this far. So we've got to get above that. We've got a nice pocket up here to $350. But we're— our targets are $347.50, the $2.50 level, $348, $350, $351.25, $352.50, $354, and that would get us all the way up here to R2. And if Tesla's really strong, we'd have to see this will pull back, increasing volume, closing above this, then we have, we have trades that we can trade on the major levels. This would go all the way to 370. That would be quite the move for today with a $20 ATR. That'd kind of expend that. We're bearish below 341.25, so we can get here. There's a nice pocket down to the bottom here and then back to the pivot. So 340, 339.68, 339, 338.08, 337.50, 335. I've mapped these out, $334 all the way down to $327.01. So we just have to be careful here, but there's— there are room, even though these look close together, there are some dollars that can be made here. It's a— it's a quite volatile stock. So anyway, there you have it. There's your 2 trade setups for today. Hopefully you guys make some money on that. Please like and subscribe, leave some comments in the section below, and let us know how you're doing. All right, happy trading everyone!
