Today we’re talking about Tesla. Tesla is trading around the 212.45 area. It’s been a very aggressive move from the recent low, but considering the market was down 2% last week, Tesla had to swim against the grain and be like a salmon and swim …
New video dropping tomorrow. I wanted to do one on that incredible move Tesla stock had breaking through upper resistance again to basically end the day close to the highs. It’s definitely a run up going into Tesla Investor Day scheduled for March 1st. I …
In this video, I’m going to quickly talk about my concerns regarding Tesla’s stock. In my last video, I mentioned something that was really bothering me about Tesla, and I wanted to cover it in this video. I’m going to focus on the weekly chart, which is easier to decipher.
I have drawn three downtrend lines on the chart. The primary downtrend line has the most touches, which is three. The secondary trend line has two touches, and the tertiary trend line has one touch. These trend lines indicate that we are still in a downtrend.
I have also drawn Fibonacci levels on the chart, which represent significant points of retracement. The levels I drew are the 38.2%, 50%, and 61.8%. Despite Tesla’s recent 100% up move, we still have not cracked the 38.2% level of resistance. This level could be a level of resistance or a turnaround level where the stock turns around and continues the downtrend.
Suppose we breach the 38.2% level of resistance and move up to the 50% retracement level. In that case, this would put us at $258.15. This is a nice move from the bottom, but we have only retraced 50%, which is a common level where the stock can pull back, and it also hits the secondary level of downtrend.
If Tesla were to keep moving up, we have two levels of possible resistance using trend lines and Fibonacci levels, the 50% retracement level and the secondary downtrend line. Tesla could easily make another move up and then follow the downtrend momentum.
The 61.8% Fibonacci level is the most common level of resistance, and it lines up perfectly with the prior levels of resistance. This would bring us to the primary downtrend line. Tesla is still in a downtrend, and even though we have seen a significant move, we need to remember that it is still in a downtrend.
While we can ride Tesla’s stock up and make some money in the meantime, we need to keep in mind that we could turn it around and continue to drift along the trend line, especially if there is weak geopolitical stuff going on. We could be slowly drifting to the downside, which is not exciting for short-term trading.
To get excited, we need to break one of the critical areas, such as the downtrend line. Until then, this move means nothing, and we need to be cautious. Tesla’s stock is still in a downtrend, and it’s important to keep this in mind when making investment decisions.
In the world of stock trading, Tesla is one of the most talked-about companies. Its unique approach to the automotive industry has garnered the attention of investors and analysts alike. However, with the recent downturn in the market, Tesla’s performance has been put to the …
Support and resistance are important concepts in technical analysis because they help traders and investors identify key levels where price movements are likely to encounter obstacles or reverse direction. These levels are often determined by the historical price action of a stock or other financial …
I want to apologize for the repetitive nature of my recent videos on Tesla stock. I realize that some of you may have grown tired of seeing yet another video on this topic, and I want to acknowledge that your time is valuable.
However, I also want to explain why I continue to make these videos. The simple truth is that they consistently receive more views than any other type of video I produce. As someone who is trying to build a following and make a living through content creation, I feel it’s important to produce content that resonates with my audience.
That being said, I don’t plan to make videos exclusively about Tesla stock forever. I recognize that there are many other important topics to cover, and I want to provide a diverse range of content for my viewers. I appreciate your patience and understanding as I continue to grow as a content creator.
Thank you for your continued support, and I look forward to the future as I will be creating more content that you find valuable and engaging.
Nvidia is a tech company that specializes in producing graphics processing units (GPUs) used in computer gaming and artificial intelligence. Recently, the company released its earnings report, and the market has responded positively, with Nvidia stock prices up by 13.5%. However, despite the good news, …
Today we’re going to talk about Tesla and the market. Yesterday was a fairly interesting day, but the Dow, NASDAQ, and S&P, for the most part, closed flat. Today’s action is going to be sparked by Nvidia, which is up 10% in the after-hours, but …
This is a post to remind myself how to stay focused on my Youtube content. I want to post what I want to post, but to help grow my channel, I have to stay consistent to what the Youtube Algorithm states. Now, no one knows what or how the Youtube algorithm works, but post directly from Youtube and around the internet suggest the following:
Watch history and search history: The algorithm takes into account the user’s watch and search history to suggest videos that are related to the content they have previously watched.
Similarity to other videos: The algorithm also looks for videos that are similar to those the user has previously watched or searched for.
Engagement: The algorithm also considers how users interact with videos, including likes, dislikes, shares, and comments.
Video metadata: The title, description, and tags of a video are also important factors in the algorithm, as they help the algorithm to understand the content of the video.
Video length: The algorithm also takes into account the length of the video, as users tend to watch shorter videos more than longer ones.
(This one surprised me the most as I thought that longer videos were better)
Freshness: The algorithm also favors newer content, as it is more likely to be relevant and interesting to users.
Geographic location and language: The algorithm also considers the user’s geographic location and language preferences to suggest videos that are relevant and accessible to them.
Based on these factors, the algorithm is likely to recommend videos that are related to the user’s watch and search history, similar to other videos they have watched, and have high engagement rates. Videos with accurate metadata, shorter length, and recent publication dates are also more likely to be recommended.
It is important to note that YouTube’s algorithm is constantly evolving, and the factors that it considers may change over time. Additionally, YouTube may also use personalized recommendations based on user behavior, such as videos watched on other Google-owned platforms or data from other Google services.
I hope this information helps you to grow your Youtube channel. I know it will help me.
I start the video discussing the overall market, which had a very bad day the day before the video was recorded. The Dow was down 700 points, the NASDAQ was down 2.5%, and the S&P was also down. I predicted the market downturn in a …