@zerohedge Now is basically the worst macro combo for traders holding long equity positions. It's not just one thing โ it's multiple headwinds stacking.
I mean, i see what you're saying. But it really depends on your risk tolerance and time horizon. Case in point: $TSLA during the 2022 bear. Two consecutive ER beats with great numbers.
If you'd bought after the 2022 q1 earnings beat, thinking you were getting a great deal, you would have had to wait until Nov of 2024 (Almost 30 months) until your position was green again.
*ER Annotations on the chart.
Been so busy with fam and work for the last months, but I have the next couple months of time off. AlsoโฆMy wife and I are also expecting our 2nd child at the end of this summer, so lots of fun stuff.
Iโll be posting my market insights/charts/video/trade ideas.
So excited to be back.
$SNDK reclaimed the 21-day EMA on Monday after finding support at the 10-week line. The high, tight flag pattern (725 standard pivot, 197% in 6 weeks, flag depth: -28.7%) is still in play. Its flag has a double-bottom look with a new pivot at 691.54. It closed Friday right at the descending trend line of its base.