Video Chart Analysis on TSLA, TSN, ULTA & More...


Our Stock Waves Charts of the Day video covers Tesla, Inc. (TSLA), Tyson Foods, Inc. (TSN), and Ulta Beauty, Inc. (ULTA), along with Vera Bradley, Inc. (VRA), American Eagle Outfitters, Inc. (AEO) and Box, Inc. (BOX).

TSLA shorter-term has a potential set-up towards the 290 to 315 region (before the larger wave lower) as long as the recent 209 low holds.

Also, there's 29% short interest, so crowded on the short side, and presumably any move above resistance in the 220s to low 230s could easily set off a squeeze.

TSN could have one more shot up towards 95-100, or even higher, as long as it holds above 77 on a retrace, before a larger turn lower in the wave (C).

ULTA had a pretty massive drop on earnings.  It can easily continue to extend lower or get just a muted B wave retrace/bounce before continuing down in C of (A).

View our video for more detail on these stocks as well as VRA, AEO and BOX.

Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.


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