$TSLA Possible Head & Shoulders
Ignore your favorite influencer that tells you that the stock market is rebounding and this could be your last chance to buy cheap.
Interest rates will continue to rise as inflation still runs well above the Fed's 2% goal. In a famous paper from the previous Fed chair Bernake, he found that tech stocks behave the most volatile during rate adjustments and stock prices decrease as rates go up. There is a potential head and shoulders pattern forming on TSLA and with rate adjustments on the horizon, it wouldn't be surprising if it played out.
Interest rates will continue to rise as inflation still runs well above the Fed's 2% goal. In a famous paper from the previous Fed chair Bernake, he found that tech stocks behave the most volatile during rate adjustments and stock prices decrease as rates go up. There is a potential head and shoulders pattern forming on TSLA and with rate adjustments on the horizon, it wouldn't be surprising if it played out.
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