Clinton Byrne
United Arab Emirates
Dear Copiers and Followers, Hope you are all doing well today. Just wanted to share a weekly chart of $TSLA (Tesla Motors, Inc.) to illustrate how we have been layering in over the last couple of months. I believe $TSLA is well positioned to go higher as the business cycle improves. The last ISM print was not great (lower than 50), but once this starts ticking upwards again we will be smiling. Another tailwind, as I mentioned in one of my previous posts, EV's will do well with lowering interest rates. Other aspects of the chart I'm looking at ✅ We smashed past the reversal trend line - now back to testing ATH ✅ Volume looks good ✅ Moving averages momentum looks good 🤔 RSI has some negative divergence which makes me think we could get a bit of a pullback and then take off again. If this pullback does happen, that would be the handle of the cup and handle pattern. Another aspect the chart shows is patience. Investing is a patience game and sometimes it best to jut sit and wait. I know it's tempting to chase other winners, but rotating in and out can be detrimental to your portfolio. So patience it the name of the game.🦾 Take care everyone and have a great day! Clinton $TSLA $NIO (Nio Inc.-ADR) $SPX500
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