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5 Charts To Watch

By Harry BoxerStock MarketsAug 13, 2020 12:24PM ET
www.investing.com/analysis/5-charts-to-watch-200533993
5 Charts To Watch
By Harry Boxer   |  Aug 13, 2020 12:24PM ET
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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 FirstSource (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 FirstSource, Blink Charging (NASDAQ:BLNK), Boxlight (NASDAQ:BOXL), Compugen (NASDAQ:CGEN), EyeGate 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).

5 Charts To Watch
 

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5 Charts To Watch

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Comments (5)
Lynn Szeto
Lynn Szeto Jan 20, 2021 1:40AM ET
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No new post?
Jerry Lubitsky
Jerry Lubitsky Aug 29, 2020 1:53PM ET
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Watch the E Vs fly
Alex B
Alex B Aug 25, 2020 8:25AM ET
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was hoping to find Harry's post for this week here ..
Tuan Tran
Tuan Tran Aug 18, 2020 6:52AM ET
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Thank you sir! You are right a lot.
Abdul Basheer
Abdul Basheer Aug 13, 2020 3:47PM ET
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Grat and thank younsir
Khaled Azzan
Khaled Azzan Aug 13, 2020 3:47PM ET
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You are targeting this guy because you like his way of understanding the shares movement.
 
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