TSLA likely to test 140

79 0 0
Fundamentals are terrible:

1-The company is still cash flow negative and mainly survives on government subsidies.
2-GM Just introduced its 200 miles+ electric car that sells for 30K vs 110K for Model S.
3-All car manufacturers have moved in to produce electric and self driving cars.
4-There are IT experts in Silicon valley that teach "Self Driving" tech to engineers in a month. There seems to be no technological barriers to entry here.
5-With mass production, TSLA             quality has suffered setbacks. Consumer Report does not recommend Model S anymore.

Technicals are ugly:

1-Triple top
2-5 waves down from the third top, implying another leg down
3-The rejection of the move from 140, the third top implies need for more basing around 140 at the least.
Comment: Short idea cancelled at 203.56.

The stock clearly turned long.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out