To some this may seem to be the worse case scenario, others it will be a dream come true.
Take a look at the 2020 bottom and the major run Tesla had to the top, one could call it epic and yes it was. if you take a fib level from the bottom to the top of the run the 61 fib is within a very particular level. around the 180 level are various support and resistance levels which make it an interesting level for Tesla to come back to during a hard market crash.
it'd around 30% drop from current levels but there would be heavy buying in here and I can't imagine Tesla going lower. I think it will get here if the labour market turns bad US currently has 3.5% which is a 50 year low. I see this increasing massively overt the next 6 months. energy will come back with vengeance causing inflation to peak back up again and agree it will remain sticky. the fed will have to do something like drastically increase rates or run the risk of hyper inflation in the US which for me cannot happen so they would rather deal with the induced recession. it will only happen when they have an agenda like mid terms, or china something they can blame the recession on. all this stems form the initial monetary policies pre and whilst covid gripped the world.
overall im positive on Tesla and believe they are changing the world and I agree with buying companies that have a positive impact or a major impact on the world. IMO its joined the club of Microsoft, apple, google as one of the greats and will likely beat all of those in terms of market cap eventually. anywhere near 200 ill be buying in big amount.
let me know your thoughts
Take a look at the 2020 bottom and the major run Tesla had to the top, one could call it epic and yes it was. if you take a fib level from the bottom to the top of the run the 61 fib is within a very particular level. around the 180 level are various support and resistance levels which make it an interesting level for Tesla to come back to during a hard market crash.
it'd around 30% drop from current levels but there would be heavy buying in here and I can't imagine Tesla going lower. I think it will get here if the labour market turns bad US currently has 3.5% which is a 50 year low. I see this increasing massively overt the next 6 months. energy will come back with vengeance causing inflation to peak back up again and agree it will remain sticky. the fed will have to do something like drastically increase rates or run the risk of hyper inflation in the US which for me cannot happen so they would rather deal with the induced recession. it will only happen when they have an agenda like mid terms, or china something they can blame the recession on. all this stems form the initial monetary policies pre and whilst covid gripped the world.
overall im positive on Tesla and believe they are changing the world and I agree with buying companies that have a positive impact or a major impact on the world. IMO its joined the club of Microsoft, apple, google as one of the greats and will likely beat all of those in terms of market cap eventually. anywhere near 200 ill be buying in big amount.
let me know your thoughts