Let's briefly discuss the direction of the large cap. Based on observation and celestial calculations, the technology stocks representing Nasdaq have not met the satisfaction level of increase. Funds will need to be rotated in the future, while individual stock Indicators have been hovering near oversold levels for several days. If you think it's about to fail, I can only hope...
$NVIDIA (NVDA.US)$ Of course, many shareholders have recently made big profits, rushing in headfirst to chase after them. Let me advise you first, remain bullish on Tesla, the trend in the major industry has not changed. However, in the short term, if you still think it will keep skyrocketing like before, pray a bit more, or else you might end up seeing it rise and fall daily, opening with gains and closing with losses, or opening with losses and closing with gains. A month later, you might find yourself wiped out. Just a simple explanation, on the daily chart — there's no clear topping divergence in this recent surge, while on the intraday chart, there are two divergences when it reached the peak between 485-488, with large volume withdrawals. As of yesterday, there were two more bottom divergences on the intraday chart, so a rebound may occur, but it hasn't stabilized above the 5 average yet. The earliest scenario could be next Monday, or if not, another Monday, for a turnaround, but I hope it delays until after the new year before rebounding. Also, a reminder, the January auto delivery volume report is about to be released. If it's better than expected, it might coincide with a rebound opportune time, but if it's below expectations, a round of sharp declines cannot be ruled out. However, the long-term bullish trend remains (so don't ask me about whether to stop loss, investing in Tesla doesn't really necessitate considering this issue unless you are speculating, or not doing your homework and just blindly following the trend– if that's you, congratulations, you've done good for others and contributed to their wealth). Just to explain a few operational logics, after breaking through historical highs, a retracement to form patterns is necessary (I already mentioned this earlier before breaking through 414), in order to calculate the next target price. I'm done with the daily chart; unfortunately, there wasn't a three-consecutive uptrend on the weekly chart, seems like a break is needed, but the good news is the monthly chart might have a high chance of a three-consecutive uptrend.
看神吃饭 : Thank you for sharing. Have a great holiday!
Ricky的音乐盒 : What's with all the beating around the bush? Just say your opinion directly.
66668888 Ricky的音乐盒 : Just go ahead and have the money directly stuffed in your pocket, okay.
66668888 : Slowing down the rate cut process. Any hints? Can't figure it out. Want to learn more.
Sandy777 : Macroeconomics. What can be explained in just a sentence or two.Study diligently. It's best to cultivate your own abilities and learn to think independently.
专业扶眼镜 OP 看神吃饭 : Thank you, you too.
专业扶眼镜 OP 66668888 : The slowdown in interest rate cuts, in my opinion, is due to the Federal Reserve's concerns about inflation, driven by the volatility of prices excluding food and energy. And why do I say that the ROI of technology stocks (especially true AI stocks) is higher than interest rates so they are not afraid of the Federal Reserve returning to raising interest rates? For example, if the return on your bank deposits is only 5%, but the ROI of investing in technology stocks is at 10%, smart funds will definitely choose the latter. Besides, capital seeks profit, you can refer to the historical development during the late 90s dot-com bubble, this 'may' happen again, but perhaps it will take some time.
专业扶眼镜 OP Sandy777 : No problem, long-term development, those who are willing to learn and have the ability to learn can pave their own way through their efforts.
专业扶眼镜 OP Ricky的音乐盒 : Those who only copy answers will feel anxious if they don't have answers for a day.
Ricky的音乐盒 专业扶眼镜 OP : You are the Stock God, could you predict the rise or fall next Monday?
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