TeslaPanjang
Bullish pennant corresponding with the andrews pitchfork
The other day I released a reversal prediction based on andrews pitchforks convergence points. Today it looks like there is a bullish pennant forming, and depending on how soon it breaks out, could even correspond with the same prediction zone as the andrews pitchfork convergence.
Once again, this is all speculation based on my personal analysis and opinions, and is not financial advice. The stock market for tesla does not move in correlation to the companies performance. If it did, the stock would not be down nearly 20% after the Q1 report outperformed expectations by over 40%.
I suspect some large degree of emotional trading currently, possibly around the Twitter purchase. However Twitter is not being purchased by Tesla, it is being purchased by Musk, and although Musk is the CEO of Tesla and has done a fantastic job being CEO, he is not the only one contributing to the growth of the company as a whole, and cannot singlehandedly turn the company around in another direction. Even if Musk were to stop being CEO, Tesla would still be able to perform record breaking growth for at least the next 10 years. It may not be to the same degree as it would with Musk as CEO, however it will still be able to do it, they have an abundance of amazing talent at Tesla, not just Musk.
Additionally, Musk has not announced any information about becoming CEO of twitter, and it is very unlikely he will do so. I understand people are concerned with his personal purchase of Twitter, and how much he has talked about it, however people soon forget how much they themselves brag about cool things they do or purchase. Musk is still a human, and purchasing Twitter for him is a big and exciting deal. He is going to brag about it for a bit and spread the word and be excited, that is what humans do.
Tesla has had amazing Q1 report this year, especially considering that historically the Q1 and Q2 report has always underperformed the company on average for that year, with the Q3 showing large ramp up year after year, and the Q4 finishing off the exponential trend for that year. They just built 2 huge factories in Berlin and Texas, and those are ramping up, and I foresee them repeating the same exponential growth later this year around Q3 and Q4.
Once again, this is all speculation based on my personal analysis and opinions, and is not financial advice. The stock market for tesla does not move in correlation to the companies performance. If it did, the stock would not be down nearly 20% after the Q1 report outperformed expectations by over 40%.
I suspect some large degree of emotional trading currently, possibly around the Twitter purchase. However Twitter is not being purchased by Tesla, it is being purchased by Musk, and although Musk is the CEO of Tesla and has done a fantastic job being CEO, he is not the only one contributing to the growth of the company as a whole, and cannot singlehandedly turn the company around in another direction. Even if Musk were to stop being CEO, Tesla would still be able to perform record breaking growth for at least the next 10 years. It may not be to the same degree as it would with Musk as CEO, however it will still be able to do it, they have an abundance of amazing talent at Tesla, not just Musk.
Additionally, Musk has not announced any information about becoming CEO of twitter, and it is very unlikely he will do so. I understand people are concerned with his personal purchase of Twitter, and how much he has talked about it, however people soon forget how much they themselves brag about cool things they do or purchase. Musk is still a human, and purchasing Twitter for him is a big and exciting deal. He is going to brag about it for a bit and spread the word and be excited, that is what humans do.
Tesla has had amazing Q1 report this year, especially considering that historically the Q1 and Q2 report has always underperformed the company on average for that year, with the Q3 showing large ramp up year after year, and the Q4 finishing off the exponential trend for that year. They just built 2 huge factories in Berlin and Texas, and those are ramping up, and I foresee them repeating the same exponential growth later this year around Q3 and Q4.
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.