Watching 450 to 460 level for reversal, I will be looking for bullish price action there, wide sstop is due to gap fill, safer is 20-25, if it loses these areas 618% Demand it will bounce just below stop level
Today many newbies are happy because US Senate just passed the 1.9 trillion bill.
But let's see what happened in the last 8 weeks in the market.(MARKET CAP CHART)
The top ten companies with the highest market cap have lost almost 1.45 trillion of their market cap in the last 8 weeks.
Hypothetically, IF PEOPLE INVEST THE WHOLE 1.9 TRILLION IN THE STOCK MARKET IT IS...
I believe Reward and Risk system doesn’t recommend doing trades with chance of success equal to coin flips.
Specially when you have Down Volume phenomenon
Down volume is the circumstance where the price of a security falls accompanied by high or increasing trading volume .(obvious in Tesla Hourly, Daily, and Weekly chart)
Down volume may indicate a shift in...
A small guide, for new traders, on how to use their Basic plan to watch the market indexes and the stocks they own. ___
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
The author of this text is not an investment...
We might see a relief rally to $630-650 then will resume the way down. next target could be around $500.
- short selling is super risky. ( unlimited loss ), I prefer to buy put options.
- I'm just sharing my view. its not a recommendation for buying or selling.
On Feb 10, 2021, the s3xy algorithm initiated it's first SELL SHORT position in TESLA. Since it's alert, TESLA has dropped more than 35%. What Next? We believe TESLA will under go consolidation around the 640 to 550 range and then begin to sell off down to 400 by mid June or July. This assumption is based on the daily s3xy continues to remain in SELL SHORT...
Do your fundamentals first and believe in the company
-Understand the Business Model
-Diversify your portfolio to manage the risk / Sovereign investments should be considered!
-Adopt a quantiative method to value the stock
-Use technicals the find the right price! You can't predict the market! But you can manage the risk!
-TSLA IS DEFINETLY A BUY AROUND...
Selling dreams to the commoner have proven to be the best money making strategy
SpaceX, can anyone afford to launch beyond the earth? I really doubt so, even if it is possible, it will be next century
If my channel is drawn correctly --> might be a curve fitting channel, price looks rather tired now.
Plus both indicator pointing down, though i am not ardent fan...
Buying dips can be tricky, the issue is knowing if it's an actual dip or a full trend reversal. I used to think buying at a lower price to double down on an investment going the wrong way was a good idea. However, after reading a book called the Zurich Axioms by Max Gunther - the penny actually dropped. In essence, profit is profit. It does not have to be made...