Two stocks enter into a bar... - updated
TSLA. This one was as clean as they come. Trim it if you hold it; fresh money up here maybe better to get a lighter and a trashcan. If you dare play with fire, $300 is the target.
INTC. After a 5-wave impulse, the correction can travel up to 100%. Intel did 78.6%. Deep but beautiful. I would continue to look for chances to buy dips into this one—lots of air to the upside.
Original post from 04/20/23 below
TSLA. A good impulse of the 100 lows. Now pulling back. Maybe a zigzag, maybe something else, but a correction against an impulse is a buying opportunity. Near 140? Watch and be patient with this one.
Then onto INTC . We own it. Breakout and retest. Got to live thru the first correction to see the next largest move.
But now look at the 5-wave impulse—a beauty. Correction is a bit short in time and price. But what if that is it? Only one way to find out. Start small, and if it moves higher, we have the answer; if it moves lower, there is room to add.
Cris