๐Once $TSLA Stood Above the 60SMA, it Can Accelerate an Elliott Wave 5?
1. $Tesla Motors(TSLA)$ price challenging MA60 now$Tesla Motors(TSLA)$ shares closed at $241.2 on Tuesday, slightly lower than the MA60 price of $241.74. And it rise in pre-market Wednesday, higher than the MA60 price. Todayโs main thinking is that MA60 presents a dividing line between bulls and bears in technical analysis. It may be applied to expect that if $Tesla Motors(TSLA)$ successfully breaks out to upward, it may show more upward momentum.2.What May Drive $Tesla Motors(TSLA)$ โs Price Higher๏ผBusiness development๏ผModel Y could be the first model Tesla rolls out in India. The Model Y, which is based on the Model 3
$Qualcomm(QCOM) Dips -0.29%: Apple Patent Renewal Fueled Rally Pauses Near $175, Risk Convergence...
๐ Market Recap As of the October 10, 2026 close, 'QCOM' settled at $175.50, slipping -0.29% on the day. The stock remains 32.5% below its 52-week high of $259.92, reflecting an extended correction phase. However, the recent surge related to the Apple patent licensing renewal has stabilized sentiment, and the price is now consolidating near the $176 pivot zone as traders reassess the short-term momentum. ๐ Key Drivers Apple Patent Renewal: The extension of Qualcomm's patent licensing agreement with Apple removed a major overhang, sparking a sharp rally in related chip names and renewing confidence in QCOM's licensing revenue stability. AI Edge Momentum: Sustained demand for on-device AI and smartphone silicon upgrades continues to underpin long-term growth expectations for Qualcomm's Snapdr
$Alphabet Inc.(GOOGL) +0.97% Reclaims $351: Nuclear Power Deal Fuels AI Momentum, $369 Resistance...
๐ Market Recap As of October 10, 2026 (Eastern Time), 'GOOGL' closed at $351.66, up +0.97% (+$3.37) on the day. The stock traded between $350.31 and $354.70 with an amplitude of 1.26%, while the closing price remains approximately 13.9% below its 52-week high of $408.61. Pre-market activity suggested continued strength at $351.46, and after-hours quotes hovered near $351.68, indicating stable positioning after the close. ๐ Key Drivers Nuclear Power Partnership: Alphabet's Google signed a 20-year agreement with Constellation Energy to add 890 megawatts of nuclear power to the PJM grid, reinforcing the company's clean-energy strategy for AI data centers. AI Infrastructure Momentum: Sustained capital expenditure on GPU and cloud capacity continues to support investor confidence in Google Clou
$Cerebras Systems(CBRS) Drops -2.23% to $164.17: OpenAI Partner Nears 52-Week Low, $160 Support U...
๐ Market Recap As of October 10, 2026, 'CBRS' closed at $164.17, down -2.23% (-$3.75) on the day. The stock swung between $162.48 and $170.11, leaving it just 2.1% above its 52-week low of $160.81. With a total market cap of $39.0 billion and a floating market cap of only $4.93 billion, this AI infrastructure name remains highly volatile. The price now sits 57.5% below its 52-week high of $386.34, underscoring a prolonged downtrend fueled by competitive fears and insider selling concerns. ๐ Key Drivers OpenAI Partnership Uncertainty: Sam Altman publicly called Cerebras a "close partner", but reports that OpenAI may use Nvidia GPUs for GPT-6.1 Ultrafast mode triggered a nearly 20% weekly plunge last week. Insider Selling Pressure: Foundation Capital reduced its stake by over 5 million share
IREN Ltd (IREN) Falls -1.46% to $35.19: AI Cloud Miner Nears Oversold Zone, $41.82 Resistance in ...
๐ Market Recap As of the latest close on October 10, 2026, 'IREN' settled at $35.19, down -1.46% for the session. The stock remains under pressure, trading well below its 52-week high of $76.87 and roughly 8.1% below its recent resistance level of $41.82. The current price action reflects persistent selling interest, although the proximity to the 52-week low of $28.93 suggests downside may be limited if oversold conditions materialize. ๐ Key Drivers AI Cloud Sentiment: On September 22, 'IREN' rose nearly 3% alongside other AI cloud service providers such as Nebius and CoreWeave, indicating that 'IREN' remains sensitive to positive momentum in the AI infrastructure build-out narrative. Earnings Disappointment: 'IREN' reported Q4 revenue of $137.2 million, down from $187 million a year ago.
๐ Market Recap As of the latest US Eastern session, 'AAOI' closed at $109.64, up +3.53% with an intraday amplitude of 8.06%. The stock remains roughly 53% below its 52-week high of $233.67, reflecting an ongoing recovery from depressed levels but still within a broader downtrend. ๐ Key Drivers AI Infrastructure Momentum: Sustained demand for high-speed optical modules continues to support the stock, as hyperscaler capex on AI data centers remains a key narrative for 'AAOI'. Technical Rebound: After recent sell-offs, dip-buying and short-covering contributed to the +3.53% bounce, supported by improved risk appetite in semiconductor-adjacent names. Valuation Expansion: Despite negative earnings, the forward PE remains elevated near 141.67, indicating the market is pricing aggressive future g
$MUU Plunged -9.56%: 2x Long MU ETF Sinks to $34.26, Support at $36.03 Broken
๐ Market Recap As of October 9, 2026, the Direxion Daily MU Bull 2X Shares closed at $34.26, tumbling -9.56% with a daily range of $34.02 to $37.91. The leveraged ETF now trades nearly 45% below its 52-week high of $62.64, and the breakdown below the $36.03 support level signals intensifying downside pressure. ๐ Key Drivers Leveraged Decay Risk: As a 2x leveraged product, MUU amplified the underlying Micron weakness, with a -9.56% single-day drop reflecting heightened volatility in semiconductor names. Micron Sentiment Shift: Despite strong earnings, market participants are questioning whether the memory supercycle can sustain its momentum, adding pressure to MU-linked instruments. Technical Breakdown: The decisive close below the $36.03 primary support confirmed a bearish trend reversal,