TSLA priced in Spot Gold. Should I sell or buy ?
Updated
I have holdings in both TSLA and XAUSUD. The question arises should I sell one to buy the other?
To answer the question. I have set up a ratio between the two of them on a daily chart.
Overlaid onto the chart is a pair of Hull Moving Averages the shorter MA with a period of 49
in blue and the longer by about 3x at 154 in red. ( These are multiples of 7 if you are curious
why, leave a comment.) I am looking for moving average cross overs of the golden or
death type. The dual time frame RS indication compares the lower TF of 3 hrs with the higher
TF of one week. The ratio is now just under the POC line of the long term volume profile
so traders shorting this ratio ( those selling TSLA and /or buying gold) are now in charge.
My analysis is that the ratio has hit a pivot high, the trend is now downward
as the blue line going under the red is a death cross. The RSI indicator has a confirmatory
similar cross. Accordingly, I will sell some TSLA and buy a similar amount of spot gold
instead.
To answer the question. I have set up a ratio between the two of them on a daily chart.
Overlaid onto the chart is a pair of Hull Moving Averages the shorter MA with a period of 49
in blue and the longer by about 3x at 154 in red. ( These are multiples of 7 if you are curious
why, leave a comment.) I am looking for moving average cross overs of the golden or
death type. The dual time frame RS indication compares the lower TF of 3 hrs with the higher
TF of one week. The ratio is now just under the POC line of the long term volume profile
so traders shorting this ratio ( those selling TSLA and /or buying gold) are now in charge.
My analysis is that the ratio has hit a pivot high, the trend is now downward
as the blue line going under the red is a death cross. The RSI indicator has a confirmatory
similar cross. Accordingly, I will sell some TSLA and buy a similar amount of spot gold
instead.
Note
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TSLA continues mostly sideways while Gold is rising and the futures are near to an all time high. If buy low is your strategy, now may be the time to buy TSLA/
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