Since only last November, Facebook (oh, sorry, META) has gone up 250% In doing so, as of today, it has perfectly sealed its massive price gap from way back on February 2, 2022.
Perfect Meta Gap-Fill
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.
On the Other Paw……
In contrast to Rivian (prior post), you might consider shorting Lucid (LCID) which not only has just about perfectly sealed a beautiful gap, but whose cars I’ve always found pretty damned hideous. The TSLA mania will die off at some point, and when it does, the wanna-be companies will fall all the harder.
Wayfair’s Perfect Gap-Fill
The online furniture seller seems to have reached exhaustion.
Now or Never for Tesla
OK, mission accomplished! Having gone up almost without a single downtick since New Year’s Day, Tesla has roared to its double Fibonacci pair and closed its price gap. Simply stated, that should be the end of the run. If not, the road is cleared for this sucker to simply march up to the next major resistance around $328.
Weak Crude
The only red on the screen this morning, bless it, was crude oil. I have been following this pattern for months. We’ve got a massive right triangle top in formation composed of two portions. We need to crack below the yellow zone to really get this thing rolling.
