4 top stock trades for Tuesday: TSLA, NKE, MU, CGC

However, the stock has finally filled that gap down at $910 and retested the prior highs at $900. Furthermore, we also have the 21-week moving average and 200-unit moving average on the four-hour chart nearby as well.

A bounce from this area could ignite a move back $950 to $970 area, where Tesla stock finds its declining short-term daily moving averages. Above that, and we could be talking about $1,000 again.

On the downside, let's see if shares tag the 200-day and 50-week moving averages. That could give bulls a dip-buying opportunity. If Nike pushes lower, it could put that $145 to $148 zone in play.

This was support back in October, as well as the prior breakout zone this summer. A break of this level will be a bad look for Nike.

On the upside, however, I'd love to see Nike get back above the 21-day and 50-day moving averages. That will help shape up the trend and put the highs back in play.

That seems like a tough ask, but really it would just erase the losses over the prior six sessions.

Shares are consolidating along the 50-week moving average while holding the 200-day.

If the stock moves lower and below these measures, let's see if the 50-day moving average is support. Otherwise, we'll need to see how it handles the $75 to $77 area.

On the upside, however, I want to see Micron power through the November high at $87.71. That would give bulls a monthly-up rotation. Above $89.05, and we can start talking about $95 again, then, of course, the obvious $100 level.

Here is a weekly chart, highlighting the steep decline this one has been in. From the peak earlier this year, Canopy Growth has declined in 10-straight months and is working on its 11th-straight monthly decline. That's incredibly painful!

However, CGC stock is now undercutting the 2020 low and doing so with some pretty big divergence on the RSI reading.

In turn, let's see if Canopy Growth can reclaim $9, letting bulls initiate a long position against this week's low.

That could quickly put $10-plus in play, followed by the declining 8- and 10-day moving averages. Above that, and the 21-week moving average is in play, which was resistance earlier this quarter near $15.