7 Monster Stock Market Predictions – The Week Of May 17 Edition

Home Depot (HD)

Meanwhile, I think Home Depot will have a tough week, with the RSI now trending lower and the MACD going negative. The next level of support is around $309.

Tesla (TSLA)

Tesla finished last week on its 200-day moving average, but the way Bitcoin is acting this weekend, you have to think the stock is going to get dragged into this mess. If the 200-day moving average breaks, I fear we see a gap fill at $410.

Square (SQ)

Square was a big winner on the heels of Bitcoin, and unfortunately, now it is going to suffer. Once $200 breaks, it is likely headed to $161.

Roku (ROKU)

Unfortunately, if Square and Tesla struggle this week, the ARKK ETF will struggle, and so will all of its holdings. So that means Roku probably has a rough week with $285 acting as support.

Have a good one

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Disclosure: Michael Kramer And The Clients Of Mott Capital Own Tesla 

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