Will the madness keep up? Or are we beginning a down trend? TSLA

1 gru 2021

Short on Tesla so long as we stay below the yellow trend line not sure if it is ready to continue upwards without another retest at 1000 and perhaps a break here could lead back down to 900.
Tesla is a mixed bag. Increasing EBIDTA looks good. Decreasing debt looks good. Debt to Equity ratio decreasing. Solid company.
But the P/B and P/E ratios are high indicating that Tesla is overvalued.
There is clearly a lot of faith for the future put in Tesla, will the time come for it to drop back down to a more representative valuation or will the madness will continue some more?

Might add to my short if the RSI hits overbought on this run upwards, perhaps this is the highest we see the price before a dip to 1060/1000.

Let me know your thoughts below. Constructive criticism and alternative viewpoints are always welcome. Please leave a like if you enjoy my analysis :)

And as always

Good day to you :)

3 gru 2021

Uwaga

Reached T/P at 1010. I chose to close 100% of the position.

Possible long opportunity at 980 to 1000 with T/P at 1100

May re-enter another short at the yellow line if we get rejected.