TRIPLE TRADES Message Board

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Strategies & Market Trends : TRIPLE TRADES

OPEN 7.230

+4.5%

Nov 5 3:59 PM EST

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To: Bull RidaH who wrote (3098)	4/27/2023 1:20:11 PM
From: Bull RidaH	Read Replies (1) of 4394

TSLA - This stock breaking down now really doesn't fit into the framework of seeing SPX visit 4840 by end of June The market held up even while TSLA broke down, thanks to MSFT and a few others. But now that TSLA has made it a little over halfway to the 127.73 target at today's low, the minimum requirement for the move has been completed. Stronger stocks often only travel to the 50% of target area before reversing higher coming out of a breakdown from a symmetrical triangle. I believe we've weathered the storm in this 1, and am fully exposed again. The February high should be exceeded before this is all said and done, but will play it by ear as the SPX approaches 4840.

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