A storm is brewing in Hong Kong, both literally and figuratively.
Let's look at the possibilities.
Valuing a business like Tesla is much more subjective than actually building one.
Tesla's chart indicates that while the future may be bright, the short-term could be challenging. Let's look at the electric vehicle maker post mixed earnings.
Tesla reports after Wednesday's close and will be of particular interest as Elon Musk may need to liquidate shares to fund his purchase of Twitter.
The biggest risk is for still lower prices in the weeks ahead.
That's because we need the semis to stabilize for tech stocks to begin hammering out a bottom.
These recently downgraded names are displaying both quantitative and technical deterioration.
I'm not talking about loading the boat, but this is one stock I'm willing to buy for a trade at these levels.
Here's what to avoid.