Pullback
Shared this in my video:
The market will have to pull back at some point in time. This is not a prediction, it’s simply because market doesn’t go up in a straight line.
Today is opex. Lots of call buyers who chased the high / raging bull will likely get trapped (unless the market did a second half reversal).
From YouTube
$Tesla(TSLA.US$ $Apple(AAPL.US$ $Microsoft(MSFT.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Nasdaq Composite Index(.IXIC.US$ $NASDAQ 100 Index(.NDX.US$ $Twitter (Delisted)(TWTR.US$ $Grab Holdings(GRAB.US$ $Alphabet-A(GOOGL.US$ $Amazon(AMZN.US$ $CrowdStrike(CRWD.US$ $Coca-Cola(KO.US$ $NIO Inc(NIO.US$ $Sea(SE.US$ $Lululemon Athletica(LULU.US$ $Snap Inc(SNAP.US$ $Spotify Technology(SPOT.US$
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71828782 : what is opex?
Cow Moo-ney OP 71828782 : Options expiration
TeslaSmurf : Some big fund managers were already celebrating the end of the bear market, but the indices look like struggling a lot on that line. TSLA, with a 50% recovery in two months seems on the right way but not yet totally out of the major downtrend channel, though it is doing very well on a secondary uptrend channel, but it is only a rally or it has turned bullish ? The general market will define it, and the Twitter “saga” probably too. I see Elon buying Twitter at a better price (he has gathered all the cash needed not to have to make an emergency dump in case he is forced to buy at 54,20$), so I don’t see any real danger (apart from war or China shutdowns). Most likely Elon will get a fine (5 to 10 billions) unless he can prove Twitter bots are way more than filed at the SEC.
Cow Moo-ney OP TeslaSmurf : No doubt there is no real danger/threat. But as you said, the general and broader market may determine the stock movement in the near term. Am hoping to pick up more stocks at cheaper price![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
JM investor : next week would be critical to see how far the retracement can go.
Either the sucker rally or it will be a new confirmed uptrend
Cow Moo-ney OP JM investor : Yup, let’s see if it bounces off key support levels
icezzz : What do u think about se?
Cow Moo-ney OP icezzz : Didn’t follow too closely. Just some quick thoughts: their seamoney is growing and looks promising, but garena and shopee have some headwinds. Have done a video on this company about 5 months ago. Some extracts as follows:
“not saying Sea Limited is a bad investment or they cannot succeed. I just feel that it is difficult to put my money into a company when it is crystal clear that 2022 will not be a smooth year for them, with Garena becoming less profitable and Shopee losses increasing. This is double whammy. More importantly, there seems to be no clear road to achieving profitability. In short, investors should expect a choppy Sea this year.”
“you don’t need to be very early in successful growth companies. You can hop on a little later than the early investors, and your returns can still be massive.”
I only briefly mentioned that 50s range could be a good opportunity to buy (but pls do your own research to see if it’s still relevant based on their latest earnings report)
Cow Moo-ney OP Cow Moo-ney OP : In case you’re interested:
Sea Stock Analysis - Deep Dive into the Sea
https://youtu.be/8M5B9UpwPkc
Cow Moo-ney OP Cow Moo-ney OP : I also* briefly
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