I found a trend line that TSLA has been interacting with for a few months. My chart is on a logarithmic scale and I think this reflects the "growth" rate of TSLA's stock. This is my first analysis, but basically if the market declines, I think it's likely TSLA will end up testing this trendline in the $500 area. If ppl panic in the market, I think it could lower to 400.
In the near term, I expect it to rise slightly after a "no surprises" earnings, but TSLA *is* a stretch purchase, hence the TSLA stretch. There will be order cancellations. The cancelling of orders will not affect their 500k delivery number (which I think they can still do), but it will make investors nervous.
...and if the recent Bull rally is starting to run out of steam... well...
I'm looking for a LONG entry point, but I don't think now is a "set-and-forget" moment. *If* the market continues to go up, then to state the obvious, it might be difficult to get a much lower price.
In the near term, I expect it to rise slightly after a "no surprises" earnings, but TSLA *is* a stretch purchase, hence the TSLA stretch. There will be order cancellations. The cancelling of orders will not affect their 500k delivery number (which I think they can still do), but it will make investors nervous.
...and if the recent Bull rally is starting to run out of steam... well...
I'm looking for a LONG entry point, but I don't think now is a "set-and-forget" moment. *If* the market continues to go up, then to state the obvious, it might be difficult to get a much lower price.
Nota
On average...it's been going under this trendline once every 2 months...wouldn't be surprising if it dipped again...in a month or two...Nota
sorry I meant once every 4 months...
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.