TeslaLong
TSLA, IT ALL COMES DOWN TO THIS!
Hello fellow traders and investors, here's an update on the previous TESLA trade idea.
TSLA has kept pulling back and now we are testing a very key level. If TSLA recovers to it's previous high it offers a 57% ROI. This is a very key level for Tesla since around the 540$ range there is lower volume which causes it not to stay in this range for a very long time so if we see a break below the support area we will be headed for at least 480$ or lower. If we stay above the support area we could see a reversal to at least 680$.
Technicals:
The Macd indicates that TSLA is in a downtrend
The RSI is looking very oversold
Volume is not looking too good yet
When To Buy:
When there are signs of a reversal
When To Sell:
680$ is what I would recommend but if you believe in the company and think their valuation is fairly priced then hold.
Fundamentals: Tesla , Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation, and storage systems. It also provides vehicle service centers, supercharger stations, and self-driving capability. Tesla is currently overvalued at around a P/E of 581, a P/S of 15, a debt/equity of 0.47, a sales growth Q/Q of 73.60%, an EPS growth Q/Q of 2637.50% and a profit margin of 3.10%.
Rating: 80/100 the technicals look average and could go either way but I personally think they are an amazing company with an expensive valuation.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
If you have any questions send me a message and I'll gladly respond.
Thanks
TSLA has kept pulling back and now we are testing a very key level. If TSLA recovers to it's previous high it offers a 57% ROI. This is a very key level for Tesla since around the 540$ range there is lower volume which causes it not to stay in this range for a very long time so if we see a break below the support area we will be headed for at least 480$ or lower. If we stay above the support area we could see a reversal to at least 680$.
Technicals:
The Macd indicates that TSLA is in a downtrend
The RSI is looking very oversold
Volume is not looking too good yet
When To Buy:
When there are signs of a reversal
When To Sell:
680$ is what I would recommend but if you believe in the company and think their valuation is fairly priced then hold.
Fundamentals: Tesla , Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation, and storage systems. It also provides vehicle service centers, supercharger stations, and self-driving capability. Tesla is currently overvalued at around a P/E of 581, a P/S of 15, a debt/equity of 0.47, a sales growth Q/Q of 73.60%, an EPS growth Q/Q of 2637.50% and a profit margin of 3.10%.
Rating: 80/100 the technicals look average and could go either way but I personally think they are an amazing company with an expensive valuation.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
If you have any questions send me a message and I'll gladly respond.
Thanks
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