testing testing123

$Tesla Motors(TSLA)$  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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment14

  • Top
  • Latest
  • koolgal
    ·01-10
    TOP
    Thanks @melson for sharing your valuable insights on Tesla.  Is it heading downwards right now?
    Reply
    Report
    Fold Replies
    • melsonReplying tokoolgal
      that's normal actually
      01-10
      Reply
      Report
    • koolgalReplying tomelson
      Wow!  That's scary. 😥
      01-10
      Reply
      Report
    • melson
      you are welcome. tsla downward momentum is strong
      01-10
      Reply
      Report
  • LMSunshine
    ·01-10
    TOP
    Thanks buddy for the update❣️
    Reply
    Report
    Fold Replies
    • melson
      [Happy] de rien❤️‍🔥
      01-10
      Reply
      Report
  • Aqa
    ·01-10
    TOP
    Congrats on your profits. Liked.
    Reply
    Report
    Fold Replies
    • melson
      [Happy] [Salute]
      01-10
      Reply
      Report
  • JL68
    ·01-11
    TOP
    thx for sharing
    Reply
    Report
    Fold Replies
    • melson
      [Happy] de rien
      01-11
      Reply
      Report
  • YTRT
    ·01-11

    Thanks

    Reply
    Report
    Fold Replies
    • melson
      [smile]
      01-11
      Reply
      Report
  • Zash
    ·01-11
    Noted
    Reply
    Report
    Fold Replies
    • melson
      [Happy]
      01-11
      Reply
      Report