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$Tesla Motors(TSLA)$  tanked as pivot guys run road. the fed officials expressed that rate cuts probably by end of 2024 instead of the anticipated cuts in mar. tech companies are very sensitive to interest rates. if interest rates are to remain high for longer, this will strain profit margins. 

let's take a look at the pnf chart, it has room to fall till 215. if you observe the candlestick chart, there is a gap at 225 to close. 

let's also take a look at the candlestick chart of $US10Y(US10Y.BOND)$ , it rallied upon remarks of fed officials that interest rates will remain high until year end. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci beaucoup@Asphen for sharing your insights

merci beaucoup@koolgal for insightful posts

merci beaucoup@TigerStars for the award and reviewing our posts

merci beaucoup@TigerWire for so many interesting topics to post