5 Charts To Watch

in #moneylast month

Advanced Micro Devices (NASDAQ:AMD) started off the day on Wednesday with a tremendous snapback off of the three-day pullback. It had dropped from 87.29 all the way down to 76.00, an 11-point drop. On Wednesday, however, it made up a lot of it with a jump of 5.73, or 7.5%, to 82.61, after reaching a session high of 82.88, on 88.5 million shares traded and an additional 34 cents in after-hours. That’s the best volume in six sessions, and an indication it might want to retest the high and take it out. If it does take out 87, I would look for 93.

Builders First
Source (NASDAQ:BLDR) has a beautiful chart as it stair-steps its way higher. It looks to me like its 4 waves up, and wave 5 started on Wednesday with a big pop to the upside of 3.30, or 12.2%, to 30.36, with a session high of 31.18, on 7.5 million shares traded. I would look for an extension to about 34.

First Solar (NASDAQ:FSLR) swing is acting great. Ever since we put the swing on, it has moved up dramatically, about 50% already. It stalled for a couple days, and on Wednesday, it snapped right back 3.34, or 5%, to 73.53, with a session high of 74.93, on 1.7 million shares traded. What it needs to do now is take out the 78 1/2 area, and then run it up to the 83-84 zone.

Pacific Biosciences of California (NASDAQ:PACB) exploded out of a rising channel and moved up 1.05, or 23.5%, to 5.52, with a session high of 5.78, on 21 million shares traded. It’s up near resistance from the August high, which was 5.94. There is a little more room, maybe, but it’s hard to say if it backs off and consolidates. If it keeps on pushing, the next target is up around 6 1/2.

Tesla (NASDAQ:TSLA) announced a 5-to-1 split on Wednesday and went ballistic. It broke out of that coil I have been showing you for two weeks, and added 180.37, or 13%, to 1554.76, with a session high of 1585.00, on 22 million shares traded. The target now is 1689, and the all-time spike high is 1789. If it gets through that, you’re looking at 2000-2100.

On the long side, stocks included Advanced Micro Devices, Builders First
Source, Blink Charging (NASDAQ:BLNK), Boxlight (NASDAQ:BOXL), Compugen (NASDAQ:CGEN), Eye
Gate Pharmaceuticals (NASDAQ:EYEG), First Solar, Inc., India Globalization Capital (NYSE:IGC), Seres Therapeutics (NASDAQ:MCRB), Pacific Biosciences of California, Pacific Ethanol (NASDAQ:PEIX), Planet 13 Holdings (OTC:PLNHF), Synchronoss Technologies (NASDAQ:SNCR), Up Fintech Holding (NASDAQ:TIGR), Tesla and Xpel (NASDAQ:XPEL).

Original Post