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ing to Center put loving and Tesla chart here to start but what I want to point out here is just to review we like Tesla for a long right here as we broke over this resistance you can see was squeezing really tight in this range and we were looking for a breakout up to 384 we hit that target dead-on we obviously went a little bit over a few bucks over it but we hit our target dead-on okay that was the profit-taking zone that's where we recommended taking profits don't believe me go and watch the videos that we did back here in early September excuse me right here on September 11th September 12th we were looking for a breakout and you clearly see that by watching those videos we did back there so that was our target the target was met okay so that trade was over with all right in our target now it ended up heading lower after that but it doesn't really matter to us because our target was already hit we're already out of that trade so now Tesla headed lower and not only did it just head lower but it ended up turning into a nice long into in my opinion and I short and I'm gonna go over exactly why so we had our chance to come up here bounce off of these levels but we ended up breaking the lows of the breakout level right there so not only that we ended up breaking this trendline you see this trendline started right here in March of this year so about what is that about eight months something like that we started here you can see clearly Tesla is reacting to this trend line several bounces there and they're reacted to it again right there before eventually breaking below it right there so we've been below it for the last about week and a half right here and to me that's a sign of weakness we're back below the 20-day simple moving average which is the blue linnd today we've got a gap down below that little area right here you can clearly see it reacting here there and here on those several days and now we're getting the gap down below it to me I think this is gonna be potentially the start of a move lower again remember we can still have higher and still be below that trend line that trendline is on the rise so we can still head higher up to like 365 you know 370 if it heads over here and still be below that trendline so to me Tesla at this moment is looking more like a short than a long I think it's going to at least test these lows here I'm going to draw this support line right there you can clearly see Tesla reacting to this level right here and right here several days in a row so I keep on mentioning you know Tesla is reacting to these levels and you know anyone can just draw a line on the chart but and I'm talking about trend lines or supports or resistance levels the most important thing is that is the stock or commodity or ETF reacting that level that you have drawn and if it's reacting to that level and it's a good line to have drawn if it's not reacting then it doesn't mean anything okay it doesn't matter what you think matters what the stock does and how it reacts to that line so that's it for Tesla we got that support of 335 right there so we could get our short-term bounce and then an even bigger support below at about 304 you can clearly see it reacting here and just a lot of sideways trading here in that range so definitely 304 is that ultimate bounce zone that I'd be looking for in the longer run in Amazon we are expecting higher prices on Amazon what I want you to look for is about 10 20 10 20 is going to be that target up here on Amazon and why is 10 20 that target well 10 20 was that level that we gapped down on from this big earnings reaction right here so you can see we've got one two three days of huge selling volume right here alright so to me this is not to be ignored it's a big deal okay it's a big deal all that volume is definitely something that you don't want to ignore so that's why the target here is about 1020 and I'm cautious above that level just because of all the selling volume we saw here and as you can see all the volume we've seen since any of the higher volume days you can all see have been read days you know here's one there's that read volume read volume read volume those are all the biggest volume days and they've all been read okay you can go back and it hasn't been like that you know we've got a big green volume right here big green volume right here big green volume right here alright so right here we've got lots of red volume days that are confirming this selling right here so could we break out and just you know completely ignore that yes totally but to me it has me you know just playing it cautious here on the long side so you know even with the markets ripping to new all-time highs you know you got Amazon who has been a leader in the market that just kind of been trading sideways and kind of been lagging the market so just a lot of factors that you know may come into play I'm again this doesn't mean that I'm bearish it just means that I think that Amazon is gonna head higher and then I want to wait and see how it reacts and kind of what it does at these price points because right now it just needs to prove itself in my opinion because of all the volume that we've seen on that selling side the next more and a take a look at is Google and Google really nice break out here we called for that break out got that break out and it's coming into our target here at about just over a thousand bucks 1005 is that exact target and I just kind of want to go over the longer term chart here going back to November of 2017 you can see we had this trend line right there got a bounce there here there you can clearly see it reacting again there there and right here so there's gonna be a key key trendline here for Google that you really want to pay attention to it's very strong right now at the moment but I could definitely see it taking at least a break before it makes its next move either higher or lower once it reaches this resistance point you can see this is where we got rejected there right there and again this could be setting up a huge breakout here but I think that just in the short term it needs to just either trade sideways here against this resistance level before potentially breaking over it or get rejected here and then head a little bit lower and then they break that I really don't know I don't have a crystal ball but I do know or not that I do know but I do think there's a high probability that we are going to see some kind of a retracement off of this resistance how big is that retracement gonna be really couldn't tell you but I think it's at least gonna touch down to about nine seventy right here that's that previous resistance there right here and now it's going to be a level of support so ten I'm sorry one thousand and five is gonna be that key level that you want to be paying attention to in the future for google next we're gonna look at Netflix Netflix huge breakout here over this resistance and I love that it did so with some heavy volume all right heavy volume you know we're looking at volume here this does not look like the Amazon chart so right here we have this huge breakout here on heavy volume you can see that two new all-time highs and as you can see as we headed lower we didn't really see any you know headed lower right here we didn't see any big red volume days all right didn't see any big red volume days didn't raise any red flags and then again right here we have another influx of volume and it's all buying breakout volume so there's a very bullish stock here we've got support down here at 189 it's gonna be that support level as previous resistance there there oops and we broke over it right here with some convincing fashion so that's going to be a level of support we had lower into that that's going to be a nice buy point now is another one that I remain cautious on below this price point okay cautious on below this price point that you can clearly see it's reacting to this level here and right here again in the reason I'm cautious on Twitter is because we had a huge gap down on heavy volume you can see that right here in a few days of heavy volume on earnings all right and none of these days right here I've really seen any meaningful volume as we've kind of just puttered higher but with that said we're still above this gap down here so to me that's the saving grace for Twitter that doesn't have me you know bearish on on Twitter so I kind of want to see how it reacts to this level here to me if it breaks over about 1830 that's very bullish here and I think it would end up retesting those highs at around 2050 you can clearly see that's a rejection level or a resistance level up here and we've also got a gap that may want to fill at about 1960 so that 1830 level to me is that key level that you want to be watching for a breakout on Twitter next we're gonna touch on is GoPro and GoPro overall you know was looking pretty decent here we covered it before and you know is holding this breakout point you can clearly see it's a resistance there they're moving into more recent action we came up tested it here and even on this day we came up retested it and then we ended up just breaking over it a little bit a little bit and then now of violent break back below to me you know it's looking more like a false breakdown I'm sorry a false break out on GoPro than anything and to me the best play on GoPro is if we head up to you know anywhere about 10 50 up to 11 dollars is a great shorting opportunity as I think we're at least gonna come down and fill this gap right here at about 8 90 so 890 I think is going to get tagged some time you the near-term you know another thing to notice is not only did we you know try to break over this level and then break back below but notice the volume on the days that we broke back below so big red days and some big red volume as well so that's not what you want to see them if you're bullish on this stock so false breakouts false moves in either direction false breakouts false breakdowns they lead to swift moves in the opposite direction so I'm looking for lower prices on GoPro the ultimate short zone is anywhere between 10 50 and $11 who knows if it's going to get there before it breaks down but target is 890 on GoPro next one we're going to look at is Apple and Apple recently has made a nice move higher above this resistance I do think it has a little bit higher to go at least and if you remember here going back to these days here at the beginning of September you can go back and watch these videos that we did you know September 13th and 14th and 15th you can go back and watch these videos that we did on on Apple and we were calling for lower prices that's exactly what we got so Congrats if you follow it along because that was a nice move lower since breaking that trendline and so that's why we got bearish it because apples reacting to that trendline and another thing too was that false breakout so here's another false breakout so here's that resistance there there clearly we break over it right here and then we get this break down below it right here and this heavy volume selling day right here and then a gap down so that was the confirmation and this was the real day that we really got confirmation on that short play and ended up moving lower so that was a big-time play and a big-time call by us you know a lot of people were leaning against us and you know second-guessing our marriage call but it ended up working out perfectly that's just using the simple analysis using volume trendlines false breakouts and this is something that you guys can all do too you know especially if you join the membership you know I want to thank you for watching this video I really hope that you learned a lot from watching this video something from the video and you can learn a lot more lets you also
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