RupeshKumarGuptha

NEWS: Tesla has officially discontinued Autopilot in the U.S. and Canada. All new car purchases now come standard with Traffic-Aware Cruise Control. The online configurator has now been updated to allow buyers to choose the $99/month FSD subscription, while still offering the option to purchase FSD outright for $8,000 until February 14th. New Tesla vehicles purchases still come with a 30-day free trial of FSD (Supervised).

$AMZN $SPY $QQQ $AMZN My forecast for the month of November: My target is 🎯 $258 I had mentioned in previous posts that AMZN would be at or near the 50 day moving average heading into earnings. I had also mentioned that this time there would be likely a significant gap above 50 SMA. This has occurred, and here is what I believe will happen next Technical Analysis 101 is that now former resistance has become support, $242 is the approximate new level of support. The 5 DMA (daily moving average) is around $246, recapturing $246 on a daily close would likely bring about a retest of new recent resistance at $250.50 The daily RSI (relative strength indicator) is around 65-67. Stocks with strong momentum usually go to 70 RSI which often starts the signal a short term overbought condition. In fact, the actual stock price will slightly overshoot RSI, often RSI will start to gently come down as price goes up a little more creating what’s called a negative divergence That divergence is usually the signal of forecoming consolidation I expect the stock price to be at 🎯 $255 (which is the after hours earnings report high) near or at the 70 daily RSI level mentioned above. I expect price to overshoot as RSI starts to make the divergence test discussed, that overshoot is my price target of 🎯 $258 by November 21st expiration. P.S. As an added bonus I forecast the end of the year Christmas rally to 🎯🎯 $272 - $276 Not financial advice! Much love 💛🍌🍌🍌