When in Rome, I guess………….time for a couple of long ideas.
They’re both quite similar: (a) electric car makers (b) much less famous than Tesla (c) beautiful bullish bases. I present to you Nio and Rivian:
A Couple of Cars
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 Fib Follow-Up
Yesterday I did a premium post in which I suggested Tesla (which was up BIG yesterday) would be conking its head against crucial resistance by way of a Fibonacci level.
Well, so far, so good. The fact Tesla is down at ALL is kind of a miracle in this “new lifetime highs every single day” market, and it’s good to see that even in this environment some classic setups can still actually work! My stop-loss is at 395, and I’m just going to let it ride.
Bird Flu
So, was that the sign? Allbirds? Seriously?
As a reminder, the maker of wool shoes (can you imagine the smell?) pivoted from selling the aforementioned shoes to becoming a company that provides Nvidia-powered servers to AI companies.
Makes sense, right?
Anyway, BIRD is down over 50% from yesterday at this exact same time.
House of Pancakes
Good morning, everyone. Well, folks, this is what we’re dealing with. I’ve been doing this since 1987, and I’ve never seen anything like it. Not even close.
Suitable for Framing
