TSLA vs Ford - Market Cap Shifts may reflect Investor SentimentOn this weekly chart I have set up the running ratio of shares of TSLA to shares of Ford over
a time span dating back to pre-covid times. Added to the chart are a set of EMAs as well
as zero-lag MACD and Directional Index indicators. TLSA dominated early and the ratio steadily
increased. Given a choice between TSLA and F the longterm investor would buy the former.
However, at the beginning of 2021, things changed as can be seen on the chart and the
indicators. At this point, the ratio is over and under the weekly EMA200 and trending down.
Now an investor might liquidate the TSLA shares and buy Ford instead. Hard to say what the
the longer-term picture might be. TSLA is selling a hypergrowth narrative that may not come
to fruition. Ford is slowly steadily hanging in there with its broad product line including the
F-150 both Classic and Lightning. Time will tell........ So is it TSLA long or short ?
HMC
HONDA - DAIlY CHARTHi, today we are going to talk about HMC
We observe a D1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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HMC / Bearish Retest / Short-Strategy / Short-TermThis is a chart I made mapping out some Support/Resistance lines for HMC which is on a downward trend long-term. The Old Support / New Resistance candles, as well as Old Resistance / New Support candles, are all marked and match with a connection line displaying the correlation. There are 23"soon-to-be" bearish old support candles which I think will have bullish new resistance candles in the next 2-3 days.
Planning for a Bearish Retest Bounce (based on the 3 previous day black candles) so I can later short the stock. Thinking of entering STO at $27.80-ish area for the bounce and then exiting BTC at $27.50-ish, shorting the stock. I'm assuming this trade will take roughly 2-7 days based on previous data.
I'm extremely new to trading, just started learning June 25th, so please let me know what you think of the plan and if you have any ideas about what I could do differently or change. I am also open to ideas on PUT orders.
HMC - BUY IF CROSSES 31.50If earnings allow it and price crosses 31.50, buy.
Technical:
- Has formed a triangle: breakout expected
- Reached ceiling of 2 year downtrend channel
- Already broke first 3 fib levels
- If crosses 31.50 will break into 0.382 level
- Hovering on buy zone
- RSI = GOOD
- Last 3 recent highs above one another
Fundamental:
- Building momentum on earnings
- Current share price way below future cash flow value
- Sales reports on December outstanding
- Higher producing, strong domestic market
- Japanese company not affected by rallies, protests, etc
HMC: Potentially a very nice long entry nowLong at market, stops at the previous daily close.
It should see some significant upside here.
Props to Tim West for spotting the potetial long term bottom pattern a few days ago.
Now it has fired a buy signal.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.