iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

You Rocking the Musky Cologne This Weekend?

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The stocks for two of Elon Musk’s notable enterprises appear close to be making their next big moves after recent consolidations. Dare I say it, I might wear some musky cologne into the week (Creed’s Aventus would be top of the line).

SolarCity is essentially at the apex of a high and tight daily chart triangle, outlined below. Keep in mind, just as with Tesla, the weekly charts remain very extended which means risks are still elevated up here. So let’s just keep it simple and stick with price triggers–Above $50 for SCTY likely sets in motion another squeeze higher, while losing $47 again puts longs in a tough spot.

As for Tesla, I am still watching that 30-minute chart “diamond” pattern morph into a larger one. And I have to think if $102 is lost again it will presage a sharp move lower. Above $109.50 is still the first major bull trigger.

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SCTY

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TSLA

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8 comments

  1. zookini

    As long as he stops mentioning the Hyperloop to financial types

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  2. Frank

    Dude, seriously stop posting about creed aventus, dont put other chumps on to this. have them run up a stock not run up my cologne game

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  3. MX2101

    Then there are strippers who do not bathe often, to discourage customers from getting in their personal space. Ironic, considering that some of the places I’ve been were like gynecology school.

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