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Monthly access or the lifetime access for a reduced rats a member. All right, so let's get into this Apple chart right here. Couple things that I want to point out right here. Okay, first let's go to the weekly chart. The weekly chart is really setting up for a potential big breakout here. Now, why do I say that?
Well, we had our opportunity to break down here. Here were these lows. Here were these lows. Here were these lows. Here were these lows. And they held every single time. and we've been coiling up in a tighter range for the past several months right here. Okay, another thing that we've got right here is this downtrend line.
If we break over that downtrend line, I believe that Apple will at least test these highs up here near about 130. And I'm just going to go ahead and draw that resistance up there. You can see it's very clear. We got rejected at it several times in the beginning of 2015. in the middle of 2015. So, I believe that if we do break over this downtrend line, we're going to come up there and we're going to tag that 130 resistance up there.
Could be heading for new highs. Uh I don't really want to get ahead of ourselves. Uh but I definitely think that uh it has the potential to break over that uh or I'm sorry to break over the downtrend line and then to hit this resistance. So, we'll look at the daily chart here. We had earnings uh the earnings reaction was today.
We gapped up above this resistance that I've been mentioning uh for the past several days uh for the past several uh months actually. Um and we gapped above it. So now this is going to be support. So now we've got about $100 level is going to be the support. You want to see that hold. I believe what we could be looking at is a consolidation a little bit lower to that $100 level and then a bounce and break over that uh downtrend line uh eventually.
So, um I don't have a crystal ball. I don't want to be uh making any kind of predictions even though I I I kind of just did. Um but that is the support level that I'm seeing and I am seeing the potential for uh Apple to uh break out. Of course, we have to break over this downtrend line. That is the next step.
And I do want to see it hold this $100 level. We could see a flash below here uh quick to fill that gap at about $97 before eventually breaking up. Um but I do think that uh Apple has some some potential here. Uh we've been pretty negative for for some time. You can see that we've got a lot of gap downs.
We've been trending down for about uh a year and a half. Uh let's see this. Yeah, almost two years we've been trending down. Actually, no, it's about a year and a half we've been trending down. You can see high lower high lower low high. And now we're looking to potentially change uh this trend here.
So, we're going to see what happens. Um but definitely be aware of these levels. uh on Apple $100 support and this downtrend line is going to be that resistance that we need to clear. Next, I'm going to cover Tesla. Tesla, we're over this downtrend line right here that I've been mentioning right there.
And then I drew this uh little box right here that we're in about 230 to about 218 to 216 is going to be that support. And we're trading in this tight range right here. And you know what happens when we break outside of tight ranges? Usually it sees a pretty nice move. So if we break over this 230 level, we're going to come up here and we're going to tag this 245 resistance up here.
Pretty thick resistance uh up in this range. So could see a little bit of a pause um and then a consolidation back to retest this level before potentially uh heading higher. Those are the levels that you need to be aware of if you are trading Tesla. Next, I want to be covering GoPro. GoPro, we are grinding against this uptrend line uh that I've been mentioning, we did bounce uh from this trend line.
Uh like I mentioned in the last video I did for GoPro. So, we're about uh 50 60 cents higher. Let's see. That was about Yeah. So, about 75 cents higher uh from there. So, a nice uh decent move uh from the bounce of that trend line. I want to see it hold. We saw some nice volume came come in today. Um I I'd want to really see uh the intraday volume to see where that volume came from because we did have a longer upper wick.
So, I'm not sure if that's buying or selling volume. Um, obviously when shares change hands, um, it's it's both, but it's up to you to decide, uh, whether that's bullish or bearish. But as long as we hold this uptrend line, I think we're going to be heading higher and at least going to be retesting uh that resistance up here near about uh just below $13.
If we break this trend line, that's going to be breaking the uptrend that we've had for uh GoPro for about uh two months now almost. Um so that to me would tell me that GoPro is going to be heading lower. Uh this is a really nice trend line. We've got several touches. I mean, we've got five touches right around here, touch here, here, couple touches here, and then a touch here.
So, this is definitely a nice uptrend line. If it does break, GoPro is going to be heading higher, higher, and if it holds, we are going to be retesting that uh $13 level up there. Next, I want to cover Chipotle. Uh Chipotle, a nice earnings reaction, a big bullish candle with bullish volume uh to boot.
So, really nice. and we broke outside of this really tight consolidation range uh right here for uh Chipotle. Has all the ingredients uh for uh a breakout higher. We've got this support at about 420. That's a nice level to look at. We've also got this uptrend line right here meeting there. . So, we've got a confluence of three different levels right here in this 420 range.
So, that's definitely a level that you want to be aware of moving forward for Chipotle. Next, I want to be covering ReGN. ReGN, uh, we did break over this resistance, uh, these highs of early June, uh, on some pretty decent volume right here. So, it looks to me like REGGN is going to be heading higher.
Another thing I want to point out is we broke over this downtrend line right here. So, we've got several touches right there, a touch right here, a touch right here, and we broke over it over here. Another thing I want to point out as well is this false breakdown that we had on REGGN on June. I actually got caught on the wrong side.
I had some puts um on the retest up here and I ended up getting stopped out as we broke higher. Um but now that we had this false breakdown and we have been heading higher, I do like it on the long side. Um and we've got a lot of things uh working in our favor for this stock uh to be heading higher.
So I like RA Re RGN uh for higher and uh and you know why. And that's it for the video guys. Again, if you have any questions, you can reach me on the contact box. Otherwise, you can sign up for one of the monthly or a lifetime access membership. We'd love to have you as a member. We'll see you over there.
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