Keep an eye on Tesla (TSLA).
After slipping to $160, the oversold electric vehicle stock is just starting to pivot higher. It’s also starting to pivot from over-extensions on RSI, MACD, and Williams’ %R. From its last traded price of $173.13, we’d like to see it retest $195.92 initially.
The stock is pushing higher today on news it’s raising its prices for its Model Y vehicles by $1,000. This comes after the company realized that price cuts were eating into margins.
Also, as noted by TalkMarkets.com, “The recent uptick in stock price comes after a challenging period for the EV maker. Over the past two weeks, Tesla’s stock has seen a significant downturn, dropping by 19.3%, which marks the company’s worst two-week performance in the last 15 months. Year to date, Tesla’s stock has decreased by 34.2%, making it the worst-performing stock in the S&P 500 index, which has gained 7.3% during the same period.”
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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