Thursday 13 June 2024

Elon Might Be Taking On Too Much

it’s evident in Tesla’s performance
 
   
     
   
 
JUNE 13, 2024
   
Just a 1% move in ANY direction could close out as a winner!?
You’ve GOT to see this…

Click here to join Nate Tucci LIVE for all the details!
 
TUCCI’S TWO CENTS
Elon Might Be Taking On Too Much
 

Elon Musk is the single richest man on the planet. It seems like he can do nearly everything, from space travel, to AI, to social media, to solar, to electric vehicles.

But has he taken on too much and is it causing some of his businesses to suffer?

I am starting to believe the answer is yes.

So, let’s dive in… Elon Musk is in charge of:

 
SpaceX, the rocket company
Tesla, the EV giant
X (formerly Twitter), one of the largest social media platforms
SolarCity/Tesla Energy, a solar energy company
xAI, an artificial intelligence company


That’s a lot for one man to handle, especially with 11 children.

I have 7 of my own and it’s a full-time job without the trillion dollar companies to manage…

— Nathan Tucci
 
He doubled his account in weeks…

One brand-new trader had barely touched options before he discovered this strategy…

But in just a few weeks, he’s put the Automated Options strategy to the test…

And he managed to double his account in just 5 weeks!


Click here to get all the details!
SCOTT WELSH’S TICKER TALES
Early Stage Breakout (NCDL)
 

We’ve mentioned it before but it bears repeating. 

The really huge winners had big gains early.

Meaning: trading a breakout on a new stock can sometimes pay off in a massive way. 

Of course, new stocks can be volatile and can lead to immediate whipsaws. So, they’re not for everyone.

However, we see a possible early stage breakout opportunity on NCDL.

Here’s the chart:

 
 

It’s only been around a short time but it’s gone sideways for a number of weeks, potentially storing up energy for a big move.

If it breaks above $18.10, we could see a nice explosion.

We’ll keep an eye on it.

Happy trading,
— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

 
   
 

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