$Tesla Motors(TSLA)$ dived yesterday upon price increase in the us by $1k. towards the end of the trading day, the price recovered to only close down for the day by 0.32%.
looking at the candlestick chart, there is a gap up at 165.18 to fill and some more gaps below. by the pnf chart, it has room to fall till 156.
the high fed interest rate is causing a huge strain on the company. elon has called for interest rates to be lowered numerous times.
$Invesco QQQ Trust-ETF(QQQ)$ looks under strain. a pullback will be healthy normalisation of prices. qqq is the indicator for tech companies. tech companies are under strain of high interest rates.
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 @TigerStars @TigerWire @koolgal @Asphen [Happy] [ShakeHands] [Happy]
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He seems very silent now!