How to Handle Tesla’s “Death Cross”
Shah Gilani|May 27, 2022
Tesla stock losses topped $575 billion this Tuesday and investor patience is wearing thin. That’s a near 50% drop since last November when stock values peaked at over $1 trillion.
Sorry to the Tesla fans out there, but this isn’t a sign to buy in. This isn’t a quality stock on sale. It is a stock heading into dangerous territory. TSLA’s 50-day moving average is inching closer and closer to its 200-day moving average, and soon we could be looking at a “death cross.”
Ditch this stock before the weekend and replace it with the real quality stocks that I discuss in today’s Buy, Sell, or Hold.
Watch the video below.
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Shah Gilani
Shah Gilani is the Chief Investment Strategist of Manward Press. Shah is a sought-after market commentator… a former hedge fund manager… and a veteran of the Chicago Board of Options Exchange. He ran the futures and options division at the largest retail bank in Britain… and called the implosion of U.S. financial markets (AND the mega bull run that followed). Now at the helm of Manward, Shah is focused tightly on one goal: To do his part to make subscribers wealthier, happier and more free.