TESLA. HOLD OR SELL? WHEN TO BUY. CHAPTER 2
Hey friends!
My last idea was successful in the direction of the Bulls.
The first profit-taking zone has been reached. Okay so whats now?
Bullish scenario is possible here if the price will confidently break the 800$ level and will be fixed above for half of week at least.
BUT
Fundamentally, the market situation is bearish.
In general, this is due to political factors and the prospects for an increase of interest rates due to attempts of an inflation stop.
In the same US market, this is despite all the advantages of Tesla, unique technologies, a full production cycle and unique production capacities...but sorry p/e=405; forward p/e=108 these are clearly not the values that smart money will suit. Even Ark invest sold it partially.
Also there is too much competition in the electric car market to speak right now about the #tsla prospects in the 2-3 years future.
Now is not the best time to bet on the up exit from the 550 – 800 range, even if such an exit happens, potential for movement is $ 900. In such situation, the potential for upward movement is $ 100, the potential for downward movement is $ 300, so If we talk about mid-long term Investing, then it is not the best time to buy and hold, given the fact that there has been no significant correction in the market since March 2020.
An attempt to retest the $800 level is possible here or if the price will open with a gap down below $760-750 per share, its possible to consider the yellow levels to open a short position. Such levels can be also the closing or opening levels of trades of previous day.
My last idea was successful in the direction of the Bulls.
The first profit-taking zone has been reached. Okay so whats now?
Bullish scenario is possible here if the price will confidently break the 800$ level and will be fixed above for half of week at least.
BUT
Fundamentally, the market situation is bearish.
In general, this is due to political factors and the prospects for an increase of interest rates due to attempts of an inflation stop.
In the same US market, this is despite all the advantages of Tesla, unique technologies, a full production cycle and unique production capacities...but sorry p/e=405; forward p/e=108 these are clearly not the values that smart money will suit. Even Ark invest sold it partially.
Also there is too much competition in the electric car market to speak right now about the #tsla prospects in the 2-3 years future.
Now is not the best time to bet on the up exit from the 550 – 800 range, even if such an exit happens, potential for movement is $ 900. In such situation, the potential for upward movement is $ 100, the potential for downward movement is $ 300, so If we talk about mid-long term Investing, then it is not the best time to buy and hold, given the fact that there has been no significant correction in the market since March 2020.
An attempt to retest the $800 level is possible here or if the price will open with a gap down below $760-750 per share, its possible to consider the yellow levels to open a short position. Such levels can be also the closing or opening levels of trades of previous day.
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