Ericdao
2022-12-06

$Tesla Motors(TSLA)$ short term bearish 

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Comments

  • LMSunshine
    2022-12-07
    LMSunshine
    Thanks loads❣️Which of the 3 support level number to look at-1st or 3rd to decide if I should average down? Skip it as in keep my SPXU, don’t average down till 2023 and hope for a recession?
    • EricdaoReplyLMSunshine: 
      If break channel, it's bull, if not, will continue to go down. Also, don't take on 3X etf if u still learning, go easy n paper trade more until u r ready. Good luck
    • EricdaoReplyLMSunshine: 
      It's really very difficult to advise u. U holding too long, at this juncture, anything can happen. Snp got rejected at 4100 downtrend channel but is support now n should be moving back to 4070 region. It's should consolidate at this lvl until cpi n FED meet nxt wk.
    • LMSunshineReplyEricdao: 
      Oops I missed it😓 bought yesterday but today green…sianz… did you see the photo i send you? Am i supposed to enter on the first or 3 support?
    • Ericdao: 
      Actually u should already have average down yesterday bcos u holding quite long. U have to determine what duration is suitable for u. Normally should be daily chart. Yesterday when the sup is broken, it's entry time
  • LMSunshine
    2022-12-06
    LMSunshine
    Is S&P500 bearish from now till 20/12? Previously bought $SPXU(SPXU)$ at 23.23 then S&P500 recovered🤦🏻‍♀️ Thinking if I should average down so that I can break even and sell?
    • EricdaoReplyLMSunshine: 
      Daily still bearish but yesterday close above support at 3943. So if today break support, could go lower even in oversold situation. My advice is to skip if u r not sure
    • LMSunshineReplyEricdao: 
      Thanks loads for your input💕 If last night move down, then does it mean tonight will move up as it’s oversold? Or will continue to be bearish until 12/12? I noticed that days before CPI data will usually be bullish already
    • Ericdao: 
      S&P showing initial sign of bearish on the daily chart but bullish on the hourly. I expect tonight to move up n tmr to move down. Likely to form a consolidation pattern until next week impt event.U need to gamble that cpi came in higher 4 the S&P to fall drastically. I trade after cpi results is out
  • Ericdao
    2022-12-07
    Ericdao
    To average down or not really depend on u. U have to tell me what is yr strategy. I would have cut loss long ago. So I really don't understand y u holding it so long
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