In these charts, you can see the performance of Tesla, Lucid, NIO, and Rivian in 2022, which is -22%, -36%, -43%, and -59% respectively..!
In the below analysis I added the Technical rating and Analysts ratings from the overview page of these tickers:
My observations:
1- Technical rating show "Sell" for all 4 tickers!
2- Analyst ratings show Strong buy...
What Is a Head and Shoulders Pattern?
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulders...
George Soros:
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
I started my article with George Soros's quote and will continue with his great wisdom about bubbles!
I think he was the one who benefitted from stock market bubbles the most! and this happened because of his approach...
The pivot points, like conventional Support and Resistance levels, do not last forever. At some point, the price will break out of these ranges. We always purchase at support and sell at resistance in our range strategy. However, there are instances when the market breaks out from these levels.
Trading the Breakout, you can have a starter position (small...
