To be honest I do not personally trade stocks and indices, but I sure can let you guys have my insight on it.
With a P/E of 61+ and a P/B of 12.2, Tesla is extremely above the mark where it should actually be.
This recent weekly bounce is the evidence that Tesla has gained above the real valuation and it might undergo a fall. Therefore, my opinion on Tesla is that it should go <200 again around 170 where the most recent demand area exists.
For those who trade it, you should be confident to short it but please I request again and again, ensure proper risk management!
With a P/E of 61+ and a P/B of 12.2, Tesla is extremely above the mark where it should actually be.
This recent weekly bounce is the evidence that Tesla has gained above the real valuation and it might undergo a fall. Therefore, my opinion on Tesla is that it should go <200 again around 170 where the most recent demand area exists.
For those who trade it, you should be confident to short it but please I request again and again, ensure proper risk management!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.