First of all, the explanation:
as it's a high volatility stock, it moves like this:
2020 Jan-Feb is bull (~100% UP)
2020 Feb-March is bear (~50% DOWN)
2020 March-April is bull (~100% UP)
2020 April-May ...(let me know in the comments) ...
....but does it matter in the loooong run in terms of Elon's prediction ? Not really. As this rally either goes up or down, finally going to lead to what Elon Musk stated about Tesla, and that is: "50% growth/year". I tend to believe him, as I think he knows Tesla better. How is this thought to begin with?
So, I figured I'd check this one out, to see how would it look like. Examine with me please:
The pink line is the prediction (the 50% increase/year) starting @420 (where he was gonna go private!).
That's why the nice green line. :D (Just for fun).
But no joke, if someone, then he -as the CEO- would know, right? I mean who else would know better, after all it's his car, his company, his roof, his plan. OK, Model 3 was a bit late in terms of release date. But Model Y was waaay early, so from this point, we can trust him in my opinion. And he is making plans on the long run. Stable. Executable.
50 MA and 200 MA points to target line. Price respects 20 MA and bounces from target line as the price went too high for too long lately. Fibonacci levels line up with support/resistance lines if we go from $960 to $386 by the end of May.
Summarizing all this: price can go low, far any deep because of this pandemic/economic disaster that we live in now + the following months, but also could go any higher temporarily, for example after battery day (end of May, not the 20th of April any more, no wonder!), just so you know, volatility can continue, even though prediction stays intact. No point of bulls and bears fighting, as at the end Elon is gonna be right. If you don't agree, tweet HIM, not me on this one. :D
PS: my own prediction from last year was $900 for 2020. But not in February!!! Pleeease! That's too early!
as it's a high volatility stock, it moves like this:
2020 Jan-Feb is bull (~100% UP)
2020 Feb-March is bear (~50% DOWN)
2020 March-April is bull (~100% UP)
2020 April-May ...(let me know in the comments) ...
....but does it matter in the loooong run in terms of Elon's prediction ? Not really. As this rally either goes up or down, finally going to lead to what Elon Musk stated about Tesla, and that is: "50% growth/year". I tend to believe him, as I think he knows Tesla better. How is this thought to begin with?
So, I figured I'd check this one out, to see how would it look like. Examine with me please:
The pink line is the prediction (the 50% increase/year) starting @420 (where he was gonna go private!).
That's why the nice green line. :D (Just for fun).
But no joke, if someone, then he -as the CEO- would know, right? I mean who else would know better, after all it's his car, his company, his roof, his plan. OK, Model 3 was a bit late in terms of release date. But Model Y was waaay early, so from this point, we can trust him in my opinion. And he is making plans on the long run. Stable. Executable.
50 MA and 200 MA points to target line. Price respects 20 MA and bounces from target line as the price went too high for too long lately. Fibonacci levels line up with support/resistance lines if we go from $960 to $386 by the end of May.
Summarizing all this: price can go low, far any deep because of this pandemic/economic disaster that we live in now + the following months, but also could go any higher temporarily, for example after battery day (end of May, not the 20th of April any more, no wonder!), just so you know, volatility can continue, even though prediction stays intact. No point of bulls and bears fighting, as at the end Elon is gonna be right. If you don't agree, tweet HIM, not me on this one. :D
PS: my own prediction from last year was $900 for 2020. But not in February!!! Pleeease! That's too early!