Tesla
Panjang

TSLA Ichi Bounce

133
Possible bearish divergence with the price action above the ichi cloud. RSI exhibits overbought conditions. Generally, a market wide correction looks like it could drag TSLA lower, even though TSLA earnings are posting in the positive territory. Fundamentally, it bothers me that TSLA is categorized as a "Auto company" when it is clearly a tech company, batteries, code, hardware components and a chassis comprise these vehicles. They are so far removed from the vehicles we commonly drive today it is ludicrous. Their transport products even filter out air pollution, which is definitely a bullish fundamental. TSLA products like their solar roof and battery products will likely come to rule their respective markets.

I missed the buy-in at $250, so I'm setting up laddering buys at the bottom of the ichi cloud and below. Look towards price action which matches closer to the RSI 35 for ladder buy-ins. Overall, I'm super sketchy about the current state of the markets, with the volatility being what it is, but still, when TSLA hits mass adoption, and with their ever growing product line, I could see their price action matching that of AMZN in a few years.

Penafian

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