BridgingBestCapital

TSLA Buy long

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NASDAQ:TSLA   Tesla
Dear traders and investors,

Please find theTSLA 1W, analysis that I performed.


From a fundamental earnings point of view we can see that on an 'Annual basis' Tesla is performing well. Looking at the 'Income statements' especially 'Gross Profit', 'Pre-Tax Income' & 'Net Income'

In the Balance Sheet we see a positive Annual & Quarterly YoY growth in Total Assets which shows that the company understands where to invest in with probably the aim of showing investors that this could have a positive impact on how they operate their business, cancelling all the external noises.


From a Technical point of view, we can see that price created a gap. The aim is to see if sellers will be able, to continue pushing downwards or if Bulls will be able to focus on the real valuation of Tesla and cancelling all the noises.

We think Tesla has entered a major support zone, which gives us possibilities to enter long

This is a weekly chart to give the higher overview, dissecting the charts into lower times-frames in order to make scalping profits is our next target to be shared with you.

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BridgingBest

Kevin
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