AMD, BLDR, FSLR, PACB, TSLA -- Stock Charts to Watch

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AMD, BLDR, FSLR, PACB, TSLA -- Stock Charts to Watch

Charts of the Day video for Wednesday August 12th, 2020

Advanced Micro Devices, Inc. (AMD) started off the day on Wednesday with a tremendous snapback off of the 3-day pullback. It had dropped from 87.29 all the way down to 76.00, an 11-point drop. On Wednesday, however, it made up a lot of it with a jump of 5.73, or 7.5%, to 82.61, after reaching a session high of 82.88, on 88.5 million shares traded and an additional 34 cents in after-hours. That’s the best volume in six sessions, and an indication it might want to retest the high and take it out. If it does take out 87, I would look for 93.

Builders FirstSource, Inc. (BLDR) has a beautiful chart as it stair-steps its way higher. It looks to me like its 4 waves up and wave 5 started on Wednesday with a big pop to the upside of 3.30, or 12.2%, to 30.36, with a session high of 31.18, on 7.5 million shares traded. I would look for an extension to about 34.

First Solar, Inc. (FSLR) swing is acting great. Ever since we put the swing on, it has moved up dramatically, about 50% already. It stalled for a couple days, and on Wednesday, it snapped right back 3.34, or 5%, to 73.53, with a session high of 74.93, on 1.7 million shares traded. What it needs to do now is take out the 78 1/2 area, and then run it up to the 83-84 zone.

Pacific Biosciences of California, Inc. (PACB) exploded out of a rising channel and moved up 1.05, or 23.5%, to 5.52, with a session high of 5.78, on 21 million shares traded. It’s up near resistance from the Aug high, which was 5.94. There is a little more room, maybe, but it’s hard to say if it backs off and consolidates. If it keeps on pushing, the next target is up around 6 1/2.

Tesla, Inc. (TSLA) announced a 5 to 1 split on Wednesday and went ballistic. It broke out of that coil I have been showing you for two weeks, and added 180.37, or 13%, to 1554.76, with a session high of 1585.00, on 22 million shares traded. The target now is 1689, and the all-time spike high is 1789. If it gets through that, you’re looking at 2000-2100.

On the long side, stocks included Advanced Micro Devices, Inc. (AMD), Builders FirstSource, Inc. (BLDR), Blink Charging Co. (BLNK), Boxlight Corporation (BOXL), Compugen Ltd. (CGEN), EyeGate Pharmaceuticals, Inc. (EYEG), First Solar, Inc. (FSLR), India Globalization Capital, Inc. (IGC), Seres Therapeutics, Inc. (MCRB), Pacific Biosciences of California, Inc. (PACB), Pacific Ethanol, Inc. (PEIX), Planet 13 Holdings Inc. (PLNHF), Synchronoss Technologies, Inc. (SNCR), UP Fintech Holding Limited (TIGR), Tesla, Inc. (TSLA), and XPEL, Inc. (XPEL).