Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Tesla’s Worst Month May Not Be Its Last
March was Tesla’s (TSLA) worst-performing month since its IPO in June 2010, as shown on the following monthly chart. It may not be its last.
The March candle closed just above a medium-term 50% Fibonacci retracement level and below a long-term -50% Andrew’s Pitchfork channel line.
We may see price decline further to the bottom of the pitchfork where it converges with the 60% Fib level at 236.00. Inasmuch as the momentum indicator has made an all-time swing low and is diverging with the overall price uptrend, it is hinting that further weakness lies ahead. Alternatively, major resistance sits at 300.00 (confluence of 20-month VWMA and 40% Fib level).
A break and hold below 236.00 would not bode well for this stock. (more…)
Salt in the Tea
The Long Island Iced Tea company’s “pivot” to be all about blockchain has, shall we say, come full circle. Anything to do with cryptos has turned to dog crap. It’ll get worse, though. Because the crap is going to sit in the sun, getting mushy, attracting flies, and then someone is going to accidentally step on it with their boots. OK, I think I’ve carried this allegory far enough.
The Sunday Signal Pays Off
It’s really all we needed.
