FB

I had commented several times on $FB, expressing that while $FB holds above 184.63 the potential exists for new all time highs (MPlink) the risk reward on $FB is good and will be reviewing the price structure closely considering that pullbacks are opportunities for a decent target at 224.  Positions here should be small to have the flexibility to adjust, the line at 184 should suffice for stops now.

IQ

Bottomed at the 1.382 extension. There is not enough structure for a 1-2 down since A subdivided in 3 waves down (OPlink) but a break below 13 should be bad, next support should come at 7 and breaking below 7, next support is 1.7, so for longs below 13 is not dependable.

For now the microstructure found support at .764 extension at 17.18 (OP2link), small positions here should be recommended for the long side, immediate stops at 17.

TSLA

We have been recommending $TSLA in our chat rooms, clear support now is 230, below 230 might test 218, below 218 probabilities for an impulsive move diminish and this bounce should be labeled as bearish (OPlink). . 

 
 

Good Luck..

 

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