🌟🌟🌟I must confess that when I first started I tend to follow the hype due to FOMO. But now I like to buy index ETFs like SPLG, STI ETF. These have been good to me. Slow and Steady is my way. @Tiger_comments @Tiger_SG
$Tesla Motors(TSLA)$ Could this be a small head and shoulders pattern forming is the recent trading trend on Tesla? An Inverse Head and Shoulders pattern is a bullish reversal pattern in technical analysis that indicates a possible change in trend for an asset. It consists of three troughs, with the middle trough (the "head") being lower than the other two (the "shoulders"). The pattern suggests that after a downtrend, the asset's price may start rising. Traders often look for this pattern as a signal to buy, expecting the price to continue rising after the pattern is confirmed. Will be looking closely for the next couple of days if the stock is gonna trade higher before taking any action. Trade to consider,
Share Price Performance: The U.S.-listed Alibaba ( $Alibaba(BABA)$ ) fell 5.32%, while HK-listed Alibaba ( $Alibaba(09988)$ ) fell 6.35% year-to-date, outperforming the Hang Seng Tech Index, which has posted a -15.05% return year-to-date. However, BABA is currently trading at USD 73.39, which is still down 77% from its all-time high of USD 317. Source: Bloomberg, 14 Feb 2024 Technical Analysis: There is an inverted head and shoulders pattern in the making, which will be fully formed once it breaks above the neckline at USD78. The earlier inverted head and shoulders pattern successfully formed and propelled Alibaba's stock price to USD 119 in early 2023. While this pattern has worked well for Alibaba in t