TESLA IS LOSING VALUE CAUSE OF PORSCHE?After a strong bull behavior in the first half of 2020, now is starting to get bear as we can see the MACD indicator changing the price with a non-stable William’s Alligator index due to the necessity of a readjustment in the price. As Tesla has become the most valuable automotive Industry, recently Porsche have announced that they will make only Electrical Cars, making the German house a very strong competitor in the Europe field mainly, due to that the price as the exclusivity have fall. Not a financial advice.
Entry zone: 369.15
Stop lose: 388.67
Target zone: 330.74
Porsche
Porsche Back MotoringPorsche at Critical Support to recommence, Upside to 62.25 level, to finally close 'Emissions Scandal gap'. Fundamental: Best year in history bonus to all staff, Shareholder shake up looms as Piech selld stake. Key Level of Significance 50 run, and rally now afoot. Future EUR weakness to add tail wind