Earnings beat est and production guidance is very ambitious. After market pop up as high as 235, waiting for tomorrow's open and pre-market action. Waiting for breakthrough or re-test @243 (1st Resistance/Support). Searching for formation, OBV and DMI signaling bearish tendency, but RSI indicates short run upside. TSLA could consolidate in a downward or upward...
Solar stocks such as SUNE, SCTY have been hammered real hard for the past 3 weeks. Tesla is not a unicorn immune to the global deflationary forces. Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing (QE). It is also on the verge of...
Running Alpha Capital Markets observes that higher rates are not always a headwind, as the not too distant record shows that the electric utilities group can outperform and offer a margin of safety. During the last period of higher rates, from mid 2004 to mid-2006, the FOMC hiked rates 16 times, and despite these incremental actions, electric utilities actually...
Technicals are screaming for a H&S it seems :) Not a bad place to buy the breakout for a last-fart rally before it gets dumped down to 120~150 (sweet spot) T/P: 250~263.87 Entry: 206.23 S/L: 192.28