TSLA is definitely in a downturn, both technically and fundamentally.
Tchnically speaking the stock developed a double top highlighted by the blow arrows and is now headed for a major correction. A feasible support might be around 277,8 where an initial gap-up appeared around march last year.
Stochastic RSI is deeply oversold and volumes support this thesis too.
Fundamentally speaking it's quite undoubtful that Tesla is having issues in meeting Model 3 production targets. Q3 and Q4 last year didn't provide the numbers investors wanted to see.
Rumors are that Model S and X production is currently halted due to software issues too.
It's pretty clear that a production company that is not producing can't keep growing.
Competition in the EV market is tightening with many well known players entering the market or fostering their participation. Tesla is no more a leader in here (has it ever been?).
The rate at which, around Q3, was burning money was amazing. If anything changes the company might be in trouble to pay it's debt obligations and, looking at it's financial statements, it's highly leveraged on debt.
As usual, not a trading advice, merely my idea and analysis.
Tchnically speaking the stock developed a double top highlighted by the blow arrows and is now headed for a major correction. A feasible support might be around 277,8 where an initial gap-up appeared around march last year.
Stochastic RSI is deeply oversold and volumes support this thesis too.
Fundamentally speaking it's quite undoubtful that Tesla is having issues in meeting Model 3 production targets. Q3 and Q4 last year didn't provide the numbers investors wanted to see.
Rumors are that Model S and X production is currently halted due to software issues too.
It's pretty clear that a production company that is not producing can't keep growing.
Competition in the EV market is tightening with many well known players entering the market or fostering their participation. Tesla is no more a leader in here (has it ever been?).
The rate at which, around Q3, was burning money was amazing. If anything changes the company might be in trouble to pay it's debt obligations and, looking at it's financial statements, it's highly leveraged on debt.
As usual, not a trading advice, merely my idea and analysis.
거래청산: 타겟 닿음
TARGET REACHED! ...but there's some more. It will keep sinking if the support will be broken
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.