TeslaLong
TESLA, LAST CHANCE!
Hello fellow traders and investors, here's an update on the previous TESLA trade idea.
TSLA has recently pulled back to the trendline, previously TSLA tends to make a reversal whenever it approaches the trendline. If TSLA makes a full recovery it offers a little bit over a 60% ROI.
Technicals:
The Macd indicates that TSLA is oversold
The Macd indicates that TSLA is still in a downtrend
The Ema's indicate that TSLA is still in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
If you are an investor and interested in buying TESLA then this could be a good opportunity to get in at a lower price however TESLA is wildly overvalued and at a P/E of 905. If you are planning on taking a shorter-term trade then I recommend selling at the previous high.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like and follow, Thanks.
TSLA has recently pulled back to the trendline, previously TSLA tends to make a reversal whenever it approaches the trendline. If TSLA makes a full recovery it offers a little bit over a 60% ROI.
Technicals:
The Macd indicates that TSLA is oversold
The Macd indicates that TSLA is still in a downtrend
The Ema's indicate that TSLA is still in a downtrend
When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA
When To Sell:
If you are an investor and interested in buying TESLA then this could be a good opportunity to get in at a lower price however TESLA is wildly overvalued and at a P/E of 905. If you are planning on taking a shorter-term trade then I recommend selling at the previous high.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like and follow, Thanks.
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