ELon Musk, DOGE and Telsa

I have not been keeping up with my entry on this blog for a while. It is because I really don't feel like it for quite a while.

I wanted to have an entry during new year, again I procrastinated. I am a little tired and kept thinking of taking a rest.

Lately I noticed there is a lot of happening in USA right after Trump is sworn in. He is executing his plan for USA in lighting speed. The most notable of all is having Elon Musk to lead DOGE to audit all the governmental organization, which till now is quite untouchable even to congress and past presidents.

DOGE action turned out a lot of dark secrets in the deep state demonstrating a lot of wastage. 

I feel that it is a good move as for some time I have considered USA is on a deterioration and I should witness a collapse of an empire in my lifetime.

Trump plus Musk introduces a game changer to the situation of USA. With DOGE findings, it allows Trump with justification to re-structure the government sector, eliminating the parasites of the country.

The media kept saying that Musk team dismantle departments by departments of the deep state. No, he does not. His team has no authority to such a thing. DOGE only submit the report to Trump's team and the secretary of those departments take action to cut the tumor from the government.

Then, the news about Tesla in trouble, which is why lead to my decision look into Tesla chart. Rumors claim that Tesla on free fall as Europe punishing Elon Musk for voicing their dark secrets.

Fig 1. Tesla weekly chart

Well, Tesla is moving downward. But I expect this as a correction. There is no divergence on Tela indicating a reversal from its uptrend. It is yet to break through its 21-week moving average. 

At this point of time, it is resting on its 61.8% projection support. I suspect its correction is not yet completed. it should continue to head downward to the next level, which coincide with its 55-week moving average. At the same time, this is also the 100% projection support of Tesla while its 100% extension objective of a potential double top is near.