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#26/23 - More Red Ahead And Tesla With HS-pattern And $240 target.
Manage episode 367066001 series 3241853
Content provided by Jim Stromberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jim Stromberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
All signals indicate a red week ahead, and maybe more so for stocks in the AI hype. Tesla has formed a head and shoulder formation (HS) indication of a minimum $20 drop to $240. If this formation is proven false, the stock will jump quickly to $300, so either way, it will be an exciting week for Tesla shareholders. More economic data and some Q-results this week will give a tell-tell on what the next few months will bring. In this situation, podcast host Jim Stromberg suggests investing in war, oil, and gold. As many countries are now running low on the stockpile of war material, the lights will keep burning 24/7 in war-related factories, which can only translate to solid dividends and strong stock prices.
In this week's episode, we will follow the development of the trading bot, and Jim will tell you how to best use the moving average (MA) as a buy and sell indicator: this and much more in this week's episode of Trading Tips With Jim.
227 episodes
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Manage episode 367066001 series 3241853
Content provided by Jim Stromberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jim Stromberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
All signals indicate a red week ahead, and maybe more so for stocks in the AI hype. Tesla has formed a head and shoulder formation (HS) indication of a minimum $20 drop to $240. If this formation is proven false, the stock will jump quickly to $300, so either way, it will be an exciting week for Tesla shareholders. More economic data and some Q-results this week will give a tell-tell on what the next few months will bring. In this situation, podcast host Jim Stromberg suggests investing in war, oil, and gold. As many countries are now running low on the stockpile of war material, the lights will keep burning 24/7 in war-related factories, which can only translate to solid dividends and strong stock prices.
In this week's episode, we will follow the development of the trading bot, and Jim will tell you how to best use the moving average (MA) as a buy and sell indicator: this and much more in this week's episode of Trading Tips With Jim.
227 episodes
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