everything written on the chart, thinking it may hit a near term top around or slightly sub-98
but this is just trading a retrace for dxy, not a full trend reversal
We've seen it couple times before, and we may do it one more time.
Claimed as Chinese version of Starbucks, a typical cash burning company.
Expecting 3 phases of future moves:
1. Investors cashing out and dumped stocks, force the price action to go lower.
2. Retails going in, and moves price higher, so individual investors could hop on and get ready for some chop chop.
3. Retails out, real value of the company starts coming...
Yuan's been devaluing since the trade war escalated and it's been under heavy pressure on exporting.
China's has been calling to defend 7 for the last couple years, but they barely had that calls for this year. Even though it was a joke to call China a non-currency manipulator.
Here's my bold prediction:
1. China will strictly tighten their currency flow, way...
Tesla had a rough month and now it's struggling and heading down now.
It's still a great company with great cars. But, I'm just really worried about the stock and their balance sheet.
Peace and targeting $200