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 Fibs

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No, this isn’t going to be some diatribe about Tesla not launching products on time or any other canards. It’s about the stock Tesla (TSLA) and its Fibonacci retracement levels. They seem to have a very intimate relationship.

Here we see the stock over the past few years. There are two Fibonacci retracement pairs on here. Both are anchored to Tesla’s lifetime high, and the lows are anchored, respectively, to the low of June 3, 2019 and the lifetime low near its IPO. As you can see, the prices have an extraordinary respect for the Fibs, alternately acting as support or resistance.

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PREMIUM: Tag! You’re It!

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Note: This post is special enough to be labeled a premium post, which means that it is (with the exception of the paragraph you are reading now) visible only to Gold and Platinum subscribers. If you would like to try a risk-free subscription to get immediate access to all premium content, as well as the dozens of other features exclusive for paid accounts, click here to learn about your choices. Everyone is welcome to continue chatting in comments below (or, for a more free-flowing experience, please use SlopeTalk).

Electric Canary

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Tesla has had an amazing 2023. Elon and Tesla were both considered laughingstocks at the end of 2022 – – a stock that had lost three-quarters of its value, a man who vastly overpaid for a failing social media network – – but both have had staggering recoveries in just months (including re-claiming the spot of Richest Man in the World, which comes with a handsome trophy). I would strongly suggest keeping an eye on TSLA this week.

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