hbayatne

Tesla Showing some neutral/long confluence

NASDAQ:TSLA   Tesla
Careful with the overvaluations on Tesla. Today was a great "recorrection" to the recent dumps but don't mistake this with a bullish divergence. Still a very strong trend and will most likely lead to gains from here on out, but there are many places to put your money right now in Tech that will give you better returns. This is not financial advice, but the indicators show some slowing in the growth as of now. Unless some key areas are reached in the near future expect a delayed trend compared to previous pumps. Still a 20% forecasted return is viewed as very bullish. Due to the nature of TSLA in the past we will call this a neutral strategy unless we blow past the 900 target by mid April. Then we can start forecasting higher targets. Happy trading
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