The WeekendInvesting Newsletter - 22 March 2024

Effective 01 Apr 2024 , Mi NNF 10’s subscription fee will be increased for the first time since launch.  This adjustment is necessary to ensure that we can maintain the high-quality standards and provide you with the best possible investment experience.

Old Pricing : Rs 2,499 (Quarterly)  |  Rs 7,499 (Annual)

New Pricing : Rs 3,333 (Quarterly)  |  Rs 9,999 (Annual)

Watch this special video to know more - https://youtu.be/T1cSMXmCVhg

Note: Nothing changes for current subscribers at all. You shall continue to enjoy access to the strategy at your current subscription fee as long as you do not break your subscription loop.

For those who haven’t subscribed yet : This is a great opportunity to subscribe to Mi NNF 10 at its current pricing. Use the link given below to subscribe .

TSLA : Is the EV story going down ?

In the world of investing, stock price movements often lead investors to believe that a trend will persist for an extended period. Take Tesla’s chart on Nasdaq, for example. From 2014 to 2020, the stock remained relatively flat, hovering around $20. Then, there was a sudden surge to $80 before plummeting back to $20 amid the pre-COVID period. This rollercoaster ride left many investors uncertain about their positions.

Following the collapse, Tesla embarked on a remarkable journey, soaring to $400 within two years. This meteoric rise elevated Tesla to the top ranks, with Elon Musk becoming one of the wealthiest individuals globally. However, fast forward two years, and the stock is back at $170,. . . . .

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Look out for strong patterns

The head and shoulders pattern is a widely recognized pattern in trading circles, known for its strong predictive power. Looking at the chart of Bitcoin, we can clearly identify the characteristic shape of this pattern, with a left shoulder, a prominent head, and a sharp right shoulder.

This pattern often signals a trend reversal, with the breakdown occurring at a specific level, in this case, at 68,700 points for Bitcoin. Within just a few days, the target of the breakdown was met, demonstrating the effectiveness of this pattern in guiding trading decisions. . . . .

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WeekendInvesting Daily Bytes

March 22nd, a day that brought some optimism back to the market. We saw a bullish engulfing pattern, suggesting a strong counter-move against the recent downturn. The market attempted to close the gap from the morning, surpassing yesterday’s high before experiencing some sell-off towards the end.

However, distancing itself from the dangerous neckline of a false breakdown, there’s a hopeful outlook that we might be steering towards new highs, despite some lingering uncertainty in the market.

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