Should we buy TSLA ? Where is it headed ?
HTEEZY, @Nathan_Black,
Hi Guys
This is my TSLA Full analysis
500$ is all time high - this is a very strong resistance.
52 week high, 10 year high, all time high all are STRONG resistance.
If you closely analyse TSLA it hasn't broken that for the last 2 months.
Besides 52 week low was around 60$
Stock has gone up 10X and has gone for a split.
TSLA might not go 10X in the next year from this price point. Highly unlikely.
Still the technical indicate it has juice upside as the trend line is upwards - Higher lows every time.
When a stock keeps coming back to a the same price many times it's a sign of weakness, when it tries to break a resistance many times it's a strength.
TSLA has not gone anywhere near it's old peak.
When you use price predictions always sell a few % below your target prices as this is a more realistic exit.
Good luck !
P.S:
If your looking to make 10X you need to look at alternatives.
e.g Google- has a subsidiary called WAYMO. They own it 100 %, this self driving tech company will be spun off soon.
Each share holder gets a free stock of WAYMO when it sins off GOOGLE .
Hi Guys
This is my TSLA Full analysis
500$ is all time high - this is a very strong resistance.
52 week high, 10 year high, all time high all are STRONG resistance.
If you closely analyse TSLA it hasn't broken that for the last 2 months.
Besides 52 week low was around 60$
Stock has gone up 10X and has gone for a split.
TSLA might not go 10X in the next year from this price point. Highly unlikely.
Still the technical indicate it has juice upside as the trend line is upwards - Higher lows every time.
When a stock keeps coming back to a the same price many times it's a sign of weakness, when it tries to break a resistance many times it's a strength.
TSLA has not gone anywhere near it's old peak.
When you use price predictions always sell a few % below your target prices as this is a more realistic exit.
Good luck !
P.S:
If your looking to make 10X you need to look at alternatives.
e.g Google- has a subsidiary called WAYMO. They own it 100 %, this self driving tech company will be spun off soon.
Each share holder gets a free stock of WAYMO when it sins off GOOGLE .
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