After evaluating my old post, I adjusted my projections based on the last 12 months RSI and earnings movement. We will reach the top probably before Feb 02 release.
MACD in the 1 hour is signaling bearish.
-RSI reaching all time high
-MACD lines have still not crossed over in the 4 hr chart but the 1 hour chart is signaling a pull back
-If we have still not reached the top TSLA will make its final push for $1000
-Projecting a pull back to $650 before March 2021. Only a 35% pull back compared to the 60% one back in Feb-March 2020.
-Still to early to say what will happen after March. Elon still has much ammo left for example entering the consumer aerospace industry with Tesla .
-He has teased the idea of electric engines and vertical lift aircrafts.
-Market consensus is that the top is near at least for the short term.
-Reducing the starting price of the Model Y. Investors will start turning on this decision and will demand a price increase.
MACD in the 1 hour is signaling bearish.
-RSI reaching all time high
-MACD lines have still not crossed over in the 4 hr chart but the 1 hour chart is signaling a pull back
-If we have still not reached the top TSLA will make its final push for $1000
-Projecting a pull back to $650 before March 2021. Only a 35% pull back compared to the 60% one back in Feb-March 2020.
-Still to early to say what will happen after March. Elon still has much ammo left for example entering the consumer aerospace industry with Tesla .
-He has teased the idea of electric engines and vertical lift aircrafts.
-Market consensus is that the top is near at least for the short term.
-Reducing the starting price of the Model Y. Investors will start turning on this decision and will demand a price increase.
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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.