Hi everyone,
Looking at TESLA, so many people love the company and what they have achieved (me including), but IMO this is not 10 years ago to buy it.
Fundamentally:
- Already at an unstainable price, with 300+ PE ratio! -> Do you think they will sell 20X cars compared to current delivery in the next 10-15 or even years? Or sell them at a much higher price? I don't think so. Great business, but it's price is ways detached from reality. imo..
Technically:
- Megaphone pattern, currently ranging between 900 & 1200.
- Long-term averages very far away, 100W @ $412, 200W @ $235.
- Bearish divergence on both RSI and MACD
- 50D average might "death cross" 100D in the next month
Looks like a distribution to me, might push to a "UTAD" above 1200, but imo the normalization this year is inevitable, at least touching 100W average.
I'm not shorting it because it has the "crypto-like" potential for a final push-up :) That's what so many people's love makes, before bigger money managers pull the rug.
Might pick some around EoY 2022, seeing the progress to the downside.
Cheers,
Antonio
Looking at TESLA, so many people love the company and what they have achieved (me including), but IMO this is not 10 years ago to buy it.
Fundamentally:
- Already at an unstainable price, with 300+ PE ratio! -> Do you think they will sell 20X cars compared to current delivery in the next 10-15 or even years? Or sell them at a much higher price? I don't think so. Great business, but it's price is ways detached from reality. imo..
Technically:
- Megaphone pattern, currently ranging between 900 & 1200.
- Long-term averages very far away, 100W @ $412, 200W @ $235.
- Bearish divergence on both RSI and MACD
- 50D average might "death cross" 100D in the next month
Looks like a distribution to me, might push to a "UTAD" above 1200, but imo the normalization this year is inevitable, at least touching 100W average.
I'm not shorting it because it has the "crypto-like" potential for a final push-up :) That's what so many people's love makes, before bigger money managers pull the rug.
Might pick some around EoY 2022, seeing the progress to the downside.
Cheers,
Antonio
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.