Quick round up - 1 Sep
Quick round up of what I shared in my video and how all downsides were captured. Sharing everything for free and I really hope it had helped some of you out there.
Tesla - “if 285 is breached, I don’t see much support below. It may seem crazy, but my view is that the next meaningful support is the 50 moving average at 264. And in a worse-case scenario, we may fill the gap at 250 to 254.”
Current status: Tesla fell from 285 to 260s
Apple - “As mentioned previously when Apple was at 171, I was waiting for it to go below $160, and it seems like we are not too far away. Personally, I am hoping for it to break below the support of 161 and 200 moving average at 160. If these 2 levels are breached, then Apple is looking bearish. We will then have a high chance of heading towards the gap at 157 to 159
For me, I am hoping bears can push it further down to $155”
Current status: Gap filled at 157-159, and Apple fell further to 155
Google - “looking at the chart, it seems like the gap between 107 to 108 will act as magnet to pull the stock to that range”
Current status: Google at 107
Microsoft - “50MA may be breached, and that will be bearish.
Anyway, we are now at this consolidation zone between 240 to 270. For patience investors, you may want to hope for it to fall further to the lower end of the consolidation zone. Personally I’m eyeing 250s and 240s range.”
Current status: Microsoft at 256
Current status: Tesla fell from 285 to 260s
Apple - “As mentioned previously when Apple was at 171, I was waiting for it to go below $160, and it seems like we are not too far away. Personally, I am hoping for it to break below the support of 161 and 200 moving average at 160. If these 2 levels are breached, then Apple is looking bearish. We will then have a high chance of heading towards the gap at 157 to 159
For me, I am hoping bears can push it further down to $155”
Current status: Gap filled at 157-159, and Apple fell further to 155
Google - “looking at the chart, it seems like the gap between 107 to 108 will act as magnet to pull the stock to that range”
Current status: Google at 107
Microsoft - “50MA may be breached, and that will be bearish.
Anyway, we are now at this consolidation zone between 240 to 270. For patience investors, you may want to hope for it to fall further to the lower end of the consolidation zone. Personally I’m eyeing 250s and 240s range.”
Current status: Microsoft at 256
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Successful investing is about managing risk, not avoiding it. DYODD
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bwjx : I may be wrong but it seemed that most of the experienced short traders took profit when spy hit 38.2 fib. so there may be fib retracement first before another leg lower.
Cow Moo-neyOP bwjx: Definitely possible. It has been red for so many days