Hello everyone,
I expect the green downtrend line to hold as resistance followed by a sharp correction to the downside as markets cool off in the face of a coming recession/continued fed hawkishness. Over-valued meme-type stocks like Tesla have massive downside potential.
Thanks!
I expect the green downtrend line to hold as resistance followed by a sharp correction to the downside as markets cool off in the face of a coming recession/continued fed hawkishness. Over-valued meme-type stocks like Tesla have massive downside potential.
Thanks!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.