On yesterdays Monday Market Update we covered $TSLA and how Musk's tweet over the weekend would induce volatility and a possible sell-off. We said it would be one to watch this week.
Hey presto, that's what we've gotten! This is a 2 Hour Chart that shows Fridays top before gapping down yesterday and then when it couldn't fill the gap, more selling emerged. At one point it lost approx $200 from Fridays high. Question is: is this just a ploy from Musk to provide him with cover to sell? Or will he and others use this as a chance to buy the dip? Either way, we're in for an interesting week here. #chart-of-the-day
You can still join the VTP and access the Online Stage 1 Introductory Traders Course
Our preferred broker is Admirals
You can get a 15% Discount on the Traders Mind Journal using the code: Paul15
Hey presto, that's what we've gotten! This is a 2 Hour Chart that shows Fridays top before gapping down yesterday and then when it couldn't fill the gap, more selling emerged. At one point it lost approx $200 from Fridays high. Question is: is this just a ploy from Musk to provide him with cover to sell? Or will he and others use this as a chance to buy the dip? Either way, we're in for an interesting week here. #chart-of-the-day
You can still join the VTP and access the Online Stage 1 Introductory Traders Course
Our preferred broker is Admirals
You can get a 15% Discount on the Traders Mind Journal using the code: Paul15