musk

$Tesla Motors(TSLA)$  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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  • Dr Rck
    ·04-04
    TOP
    Yes got space to go below $156 for TSLA but there will be slight resistance! Lets see what the market says tonight and tomorrow!
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    • melson
      indeed
      04-04
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  • koolgal
    ·04-02
    TOP
    Elon Musk must be unhappy with Tesla's share price dropping
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    • koolgalReplying tomelson
      Big ouch for Elon 😍
      04-03
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    • melsonReplying tokoolgal
      that was when tsla was 250++
      04-02
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    • koolgalReplying tomelson
      Not a wise decision
      04-02
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  • Asphen
    ·04-02
    TOP
    next buy level approaching!!!!
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    • AsphenReplying tomelson
      haha... the plane again!!!
      04-02
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    • melson
      [Happy]🛩️
      04-02
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  • kookieman
    ·04-03
    TOP

    He seems very silent now!

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    • melson
      [LOL]
      04-03
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  • Dr Rck
    ·04-05
    So as you can see the market is resistant, TSLA keeps going up despite the negative news, the theory that buying stocks is based on mostly on feelings, just like buying branded goods, people buy stocks based on emotions rather than on fundamentals:)! Same with DJT and RDDT but do you remember how Pelaton dived after rising to more $100 per stock? Well, meme stocks, as in GME, Fomo buying cause the downfall of most investors :)
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    • melson
      so true
      04-05
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