Plotted out the Tesla Shenanigans on the chart - I'm expecting continued down turns for this stock.
Fundamentally its overpriced Elon has been muzzled (which should stop some of this violent Volatility Expecting sustained downturns to continue, which i suspect was the true trend that began months ago (minus the nonsense)
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This trade went very well. Take profits and reanalyze.
Zlecenie zamknięto ręcznie
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The remaining down trade on this company is still very much alive.
@roosgar, Hey Roos, always keeim in mind that TA is a tool that must be used in conjunction with FA. TA alone, is dangerous in my opinion...its this sort of crystal ball in whcih we can see whatever it is we want to see in it. TA should be used in conjnction with solid FA to look for ideal entry and exit points. I think an ideal short entry is upon us.
Fundamentally, TESLA is hemorrhaging money. It has(d) had a CEO that caused wild volatility in the stock price.
If the earnings come out well on the next round, I might change my outlook. . . . otherwise, TESLA headed for more pain. By good earnings, I mean, not 'less bad than expected' earnings . . . actual 'positive earnings'.
Another long term problem with TESLA IMO, the other major car companies are catching up. They have more than just electric products and can sell their electric products at a loss just to undercut and hurt / kill TESLA.
In ten years time, I think TESLA is likely to be equivalent to a YUGO - or - bought by another car manufacturer.
PS Im not in a TESLA position, just my two cents.
roosgart
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@willn12416, good points, and let's see what happens within a year (or 10 years)