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Strategies & Market Trends : The Art of Investing
PICK 53.73+2.6%Jan 5 4:00 PM EST

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From: Sun Tzu9/8/2023 3:32:05 PM
   of 10721
 
TSLA vs BDRY - two "mirror" charts <g>

Lines of the same color are the same view in different timeframes. When a bunch of them converge and are then broken, it means the same thing is happening across multiple timeframes and it's a stronger message.

TSLA has support for about every 10 points, but I am guessing that it will eventually hit 170 by the year end.



BDRY
I have a boat load of BDRY and it is one of few things that I would fight the tape for because I expect that some time between now and 2 years from now (more likely sooner than later) it will double or triple in price. The downside is about 30%, into which I would average down (aka fight the tape). So down 30%, up 200% seems like good risk/rewards.



Have a great weekend everyone.

==========

PS FXI - I'm out of the Chinese stocks.
If the support breaks, it won't be good.
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