Then considering the bearish market conditions, Tesla should reveal some amazing quarter earnings to justify its high PE Ratio of 308.
Meanwhile Elon Musk sold more than $15 billion worth of shares in the company since early November and said that he was "almost done" with his stock sales. And most of the shares were sold above $1000.
Looking at the charts, i think that TSLA has entered a descending channel with a price target of $860 for this year.
I saw a Triple top formation in Tesla which is targeting 763 but I don't think it will go below 800 so my target is 800 for Tesla.Would you please explain briefly about VPVR indicator?Does Yellow color indicate sell and blue color indicate buy?
Thank you very much for your work.