TSLA has been compressing into a multi-year squeeze on the charts.
Whether it's the global economy going into a rough patch, the uncertainty of the 2024 US presidential election, or multiple wars happening in the East there seem to be a lot of potential market forces possibly pushing high multiple stocks down for the near future.
But Tesla as a company is on track for 50% YoY growth, completely dominating the global EV market while traditional OEMs pull back their EV efforts, Chinese OEMs struggle with margins, and other pure EV companies struggle to turn a profit at all.
Personally, I think TSLA will have a rough winter as the market hedges their bets on a market level, after which it will be primed for a huge upward breakthrough once the dust settles on the other side.
Whether it's the global economy going into a rough patch, the uncertainty of the 2024 US presidential election, or multiple wars happening in the East there seem to be a lot of potential market forces possibly pushing high multiple stocks down for the near future.
But Tesla as a company is on track for 50% YoY growth, completely dominating the global EV market while traditional OEMs pull back their EV efforts, Chinese OEMs struggle with margins, and other pure EV companies struggle to turn a profit at all.
Personally, I think TSLA will have a rough winter as the market hedges their bets on a market level, after which it will be primed for a huge upward breakthrough once the dust settles on the other side.
Nota
I guess the move was to the downside.Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.