As mentioned earlier,
TSLA, just past down below the 50% retracement line mark— from when it started its tremendous rise Out from the 200s $ level... jus a short while ago... (problem is that it climbed the charts way to fast, IMO)
It may touch down to the 618 fibonacci Line levels, first. Before it goes back up. If it fails that line , then the next test will be at the 786 line levels of support! Crazy drop in price.
Lets see what next week brings...
Dont hold too much overnight IMO. Stay 80% portfolio at cash when possible in these times and buy low profitable stocks only. There are some out there.
Be ready to pounce.... (with cash on side)..
and buy in! Have a good weekend everybody!
Thanks
E.
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
TSLA, just past down below the 50% retracement line mark— from when it started its tremendous rise Out from the 200s $ level... jus a short while ago... (problem is that it climbed the charts way to fast, IMO)
It may touch down to the 618 fibonacci Line levels, first. Before it goes back up. If it fails that line , then the next test will be at the 786 line levels of support! Crazy drop in price.
Lets see what next week brings...
Dont hold too much overnight IMO. Stay 80% portfolio at cash when possible in these times and buy low profitable stocks only. There are some out there.
Be ready to pounce.... (with cash on side)..
and buy in! Have a good weekend everybody!
Thanks
E.
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.