TSLA Long Bull Case - Dependable Resistance Levels
Historic range levels
TSLA first broke out in March of 2013. Explosive growth initially burdened the stock with high expectations and exponentially more critical coverage. an "odd" CEO with a cult like following plus a combative industry slowly catching up, all growing on popular culture thought markets known as social media, has led to a true headline based battleground stock between dedicated bulls and bears. This dynamic has established clear polarized ranges.
Recent primary investor metrics have been based on production capability, deliveries, and Model 3 demand concerns, but these worries have largely calmed after 2019 q2. Concerns will shift back to profitability. Ranges are clearly working on two levels, and resistance around 190 has proven stronger than my previous guess around 230. that said, 230 is up to bat again and we’ll see if it holds during this time without any forseen positive catalysts like events/earnings/delivery reports to combat the larger macro negative news lately. Fortunately for Bulls, TSLA has a history of bucking larger market trends when the fans are optimistic. Musk's 55BN capital pile helps enthusiasm and stability at least until he tweets something stupid. Possibly most of all, Musk's secret weapon is a factory in none other than China, the USA's current trade war foe. All signs point to a stellar long or a tragic short. Elon hasn't lost yet, and the Model 3 is outselling Mercedes and BMW.
I am a long, have been, and I have some holdings of TSLA. I have added to my position during and since the last steep drop.
TSLA first broke out in March of 2013. Explosive growth initially burdened the stock with high expectations and exponentially more critical coverage. an "odd" CEO with a cult like following plus a combative industry slowly catching up, all growing on popular culture thought markets known as social media, has led to a true headline based battleground stock between dedicated bulls and bears. This dynamic has established clear polarized ranges.
Recent primary investor metrics have been based on production capability, deliveries, and Model 3 demand concerns, but these worries have largely calmed after 2019 q2. Concerns will shift back to profitability. Ranges are clearly working on two levels, and resistance around 190 has proven stronger than my previous guess around 230. that said, 230 is up to bat again and we’ll see if it holds during this time without any forseen positive catalysts like events/earnings/delivery reports to combat the larger macro negative news lately. Fortunately for Bulls, TSLA has a history of bucking larger market trends when the fans are optimistic. Musk's 55BN capital pile helps enthusiasm and stability at least until he tweets something stupid. Possibly most of all, Musk's secret weapon is a factory in none other than China, the USA's current trade war foe. All signs point to a stellar long or a tragic short. Elon hasn't lost yet, and the Model 3 is outselling Mercedes and BMW.
I am a long, have been, and I have some holdings of TSLA. I have added to my position during and since the last steep drop.
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