TeslaShort
Occam's razor = Upcoming Earnings + RSI + Moving Averages
Zaktualizowano
Lets make this hypothesis on where TSLA is going very very simple.
Upcoming Earnings. Go back to the week PRIOR to the last 3 earnings announcements. I did the work for you. Notice leading up to earnings announcement, the price ofTSLA went DOWN. Why you may ask...no one knows for sure but my theory is that investors are fearful of a bad announcement and thus they would rather be on the sidelines. So they sell before earnings. Simple.
RSI. As you can see on the chart, relative strength had been pegged at 100% asTSLA put on a very impressive rise from 170s to $271 in a very short few weeks. While there is plenty of money on the sidelines, NOBODY wants to buy at the TOP. The pull back started on Thursday with the Bloomberg article on the delay of Robotaxi announcement. After such a meteoric rise you would expect profit taking for several reasons including we just started a new quarter and fund managers can book profits now and enjoy their summer vacations in the Hamptons.
Moving Averages. We are way beyond the 50 and 200 moving averages. Both are sub $200. As of this writing,TSLA sits at $248. Below current price there are gaps at 230 and 210.
The world is complex and maybe this simple analysis is full of bullsh!t. That said, time will tell but my money is on a drop back down to the 200-220 level where I intend to take profits and enjoy my summer somewhere other than the Hamptons....Good luck all.
TSLA is going very very simple.Upcoming Earnings. Go back to the week PRIOR to the last 3 earnings announcements. I did the work for you. Notice leading up to earnings announcement, the price of
TSLA went DOWN. Why you may ask...no one knows for sure but my theory is that investors are fearful of a bad announcement and thus they would rather be on the sidelines. So they sell before earnings. Simple.RSI. As you can see on the chart, relative strength had been pegged at 100% as
TSLA put on a very impressive rise from 170s to $271 in a very short few weeks. While there is plenty of money on the sidelines, NOBODY wants to buy at the TOP. The pull back started on Thursday with the Bloomberg article on the delay of Robotaxi announcement. After such a meteoric rise you would expect profit taking for several reasons including we just started a new quarter and fund managers can book profits now and enjoy their summer vacations in the Hamptons.Moving Averages. We are way beyond the 50 and 200 moving averages. Both are sub $200. As of this writing,
TSLA sits at $248. Below current price there are gaps at 230 and 210.The world is complex and maybe this simple analysis is full of bullsh!t. That said, time will tell but my money is on a drop back down to the 200-220 level where I intend to take profits and enjoy my summer somewhere other than the Hamptons....Good luck all.
Zlecenie aktywne
Did not expect this strength going into earnings but of course its still early in the week. Adding to put position here in hopes we get the down draft to more reasonable historical forward PE levels relative to peers.Zlecenie aktywne
Updated this idea here with wider 2 week range before earnings. 
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