Now that China’s insane rally is nearing its apex, I went hunting for at least one intriguing individual Chinese stock to short. May I present to you PDD, which is a beautiful gap-close.
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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.
Semi Gaps
Micron’s earnings report sent the stock exploding higher. As I wrote last night, however, take note of the substantial overhead supply holding things from going any higher.
NASDAQ Gap Filled
After months of grinding, the $NDX (NASDAQ 100 index) has finally sealed up its price gap. Now that it’s done, if the prices can stay below this level, we’ve got a chance of a real sell-off. I’d also point out that China has already thrown the spigots wide open, so hopefully the final money shot has been spewed.
Supercharged
Yesterday, TSLA sealed up its price gap after months of effort, and today the momentum continues as it approaches not one but four resistance objects: three of them being various Fibonacci retracement levels, all clustered tightly together, and the fourth being the descending trendline.
Forgiving the Pennies
Looks like my long-predicted gap closure for Tesla (TSLA) came true with pennies to spare. This may well be the peak for the balance of 2024. Don’t get me wrong, the company could have a fantastic future, and I stand by my multi-year postulate that ultimately it might be the most valuable company on the planet. For now, however, I’d say the thrill is gone.
