RE: interesting22 Apr 2022 14:45
RSI shows that the price has gone up more than it has gone down recently. Well, wow, no sh.t sherlock, that's pretty clear from the one month chart. Saying it *might* go down is a nice safe bet, but it's akin to heading to your local casino and betting on black because there's been a load of reds for a while. Tom is spot on, we're hardly smashing ATHs here and every day that goes by is good news, not forgetting our shorting fwiends wanting to unwind.
(Now of course I should include a caveat in brackets where I cover all bases and completely contradict myself. It's not really like the casino where each spin is an independent event. In the markets you have a range of individual trades being made and each individual is trying to maximise their own return. Anyway, I'd best stick to the purpose of this additional waffle and say something boring. The Boring Company is an American infrastructure and tunnel construction services company founded by Elon Musk. Its ongoing and proposed projects are designed for intra-city ("loop") transit systems. TBC has completed two tunnels in Las Vegas for loop travel. It has also completed one tunnel for testing loop travel in Los Angeles County. Other tunnels are in various stages of discussion and planning)