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Short term trend update Sept 10th $TSLA $AMD $YHOO

$TSLA: Yesterday, the stock price fell to the 160 level, creating a short-term trend reversal, and creating a short-term descending trend. Although the this current fall is considered a normal correction, the mid-term ascending trend has been loosing momentum and is most likely to create a trend reversal that is sooner than we anticipate, especially if 150 broke this week. So let's keep a close watch on the stock. Click here to read more about it!

$AMD: Last Friday, I pointed to a possible short-term trend reversal and it followed through this Monday, and is most likely targeting areas beyond the $4 within the next 8 days but it's not going to be a soft ride; the stock is still trading below its 50 SMA. In addition, this week's rise can be an early sign of a mid-term trend reversal that is likely targeting the 4.6 again within the next 3 weeks. Read the previous post for more info.

$YHOO: The stock price created a new short-term ascending course yesterday that is most likely planning on penetrating the 30.5 minor-long-term resistance within the next 9 days. Additionally, the same price rise, yesterday, has confirmed an ascending mid-term wave that indicates the traders appetite to penetrate the said resistance. See the attached chart for details and click here to read the long-term outlook.

Mohammed Alsuwayed's picture
About the author
Mohammed is a well known financial entrepreneur & columnist in the Middle East. He trained hundreds of investors and investment professionals and appeared on many business TV shows.
Legend
Major long-term trend: The yearly timeframe, 3-6 years time span.
Minor long-term trend: The quarterly timeframe, 9-18 months time span 
Long-term trend: The monthly timeframe, 3-6 months time span
Mid-term trend: The weekly timeframe, 6-8 weeks time span
Short-term trend: The daily timeframe, 5-9 days time span

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