I Hate This Stock, but It’s Flashing Opportunity

I can hardly believe that this is one of the best setups I’m seeing in the market right now… [Jeff Clark's Market Minute]( Jeff’s Note: Starting as early as tomorrow, [a historic reset of the stock market is coming](. It won’t look like any bottom you’ve ever seen before… it’s going to ROLL – giving you the chance to [double your money 10 different times]( like I’ve shown before… To find out all the details on this rolling bottom – and my biggest prediction yet – [click right here to sign up]( for my briefing tomorrow at 11 am. --------------------------------------------------------------- I Hate This Stock, but It’s Flashing Opportunity By Imre Gams, analyst, Market Minute Today I’m going to show you a setup on a stock I absolutely hate. In fact, I can hardly believe that this is one of the best setups I’m seeing in the market right now… Despite my personal feelings, it’s not a bad trading opportunity. Recommended Link [“Stock Shock” Hits America October 1st (Prepare Now) – Multimillionaire Trader]( [image]( Over $13 trillion in household wealth has been wiped out… And stocks STILL cost DOUBLE what they did before the 2008 crash… But is the best solution really to just sit in cash? No. Over the last 4-decades, our firm has publicly predicted the fall of the Soviet Union… the Dot-Com collapse… the 2008 crash… Trump’s presidency… and the 2020, 2022, and 2023 crashes. Now, millionaire Jeff Clark is issuing a [new WARNING]( unlike anything we’ve seen in years. A [“Stock Shock” is coming to America]( that could be the worst OR BEST thing for your investments depending how you act BEFORE October 1st. Jeff’s also revealing the [ONE secret to getting ahead of this new shock]( and profiting in any market condition – closing huge gains in only 8 days. [Click Here to See Jeff’s New WARNING.]( -- The stock in question is Tesla (TSLA). My personal feelings about Tesla have nothing to do with the company’s fundamentals or leadership. You see, back in 2019, I bought into the hype. I picked up a new Tesla Model 3 Performance model and wanted to try out the whole Electric Vehicle (EV) lifestyle. Long story short, my car was at the dealership 12 times before I had enough and sold it. I loved the experience of driving an EV but decided that ultimately the Tesla just wasn’t for me. I miss not having to pump gas, but the build quality issues with the vehicle were just too much. That said, investors clearly love TSLA stock. It’s one of the big names that’s kept the market afloat since the start of the year. Over the last few weeks however, TSLA has pulled back and might now be shaping up to be a great buying opportunity. Check out this price chart of TSLA below so I can show you what I mean… [(Click here to expand image)]( As you can see on the price chart, TSLA has had a strong start to the year. After putting in a bottom on January 6, the stock rallied over 113% before topping out on February 16. Since putting in this top, prices have pulled back, resulting in the two key features I want to show you on this chart. The first is the parallel channel I’ve drawn using the blue lines. After a stock makes a strong directional move, it will always pull back. What I’ve noticed after studying thousands of pullbacks is that they tend to be within a set of parallel lines. This is an important characteristic of counter-trend price action. As you can see, the pullback in TSLA is within those parallel lines. As long as prices remain within the boundaries of this channel, it’s likely the stock will break out to the upside and have another strong push higher. The second key feature is TSLA’s oversold reading in the Relative Strength Index (RSI) at the bottom half of the chart. The RSI is an incredibly powerful indicator when used properly. Don’t make the mistake of buying a stock just because it’s oversold. An oversold reading doesn’t mean anything unless it’s combined with other pieces of technical analysis. When I see an oversold reading and the market is also trading on top of an important moving average like the 200-day, that’s worth paying attention to. In the case of TSLA, we’re seeing this oversold reading as the market is nearing the support line of the channel. This means there’s a high probability that the stock is close to putting in another bottom. [Millionaire Trader Reveals: How to Make One “Backdoor” Currency Trade – Every Month – And Start Making All the Money You Need to Fund Your Retirement]( Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Like I said earlier, my personal feelings about a company will never get in the way of sharing a great trade setup. And if I’m right about Tesla, then the upside potential here is really exciting. I expect at least a move of the same magnitude that took place from January to February. Over that period, Tesla went up by over $113. Another $113 move would equal about a 73% rally from current prices. I’ll keep an eye on the stock and will write an update if prices break out higher. Happy trading, Imre Gams READER MAILBAG Have you traded Tesla in the past? If not, are you ready to give it a shot this time around? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Forget tech, crypto, bonds, and treasuries – buy these instead]( All you have to do is own a small handful of these unique stocks… And you could retire wealthier than you would by trading, chasing the latest “hot” stock, or doing anything your broker tells you. 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