Hello fellow traders and investors, here's an update on the previous TESLA trade idea.
TSLA has kept pulling back and now we are testing a very key level. If TSLA recovers to it's previous high it offers a 57% ROI. This is a very key level for Tesla since around the 540$ range there is lower volume which causes it not to stay in this range for a very long time so if we see a break below the support area we will be headed for at least 480$ or lower. If we stay above the support area we could see a reversal to at least 680$.
Technicals:
The Macd indicates that TSLA is in a downtrend
The RSI is looking very oversold
Volume is not looking too good yet
When To Buy:
When there are signs of a reversal
When To Sell:
680$ is what I would recommend but if you believe in the company and think their valuation is fairly priced then hold.
Fundamentals: Tesla , Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation, and storage systems. It also provides vehicle service centers, supercharger stations, and self-driving capability. Tesla is currently overvalued at around a P/E of 581, a P/S of 15, a debt/equity of 0.47, a sales growth Q/Q of 73.60%, an EPS growth Q/Q of 2637.50% and a profit margin of 3.10%.
Rating: 80/100 the technicals look average and could go either way but I personally think they are an amazing company with an expensive valuation.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
If you have any questions send me a message and I'll gladly respond.
Thanks
TSLA has kept pulling back and now we are testing a very key level. If TSLA recovers to it's previous high it offers a 57% ROI. This is a very key level for Tesla since around the 540$ range there is lower volume which causes it not to stay in this range for a very long time so if we see a break below the support area we will be headed for at least 480$ or lower. If we stay above the support area we could see a reversal to at least 680$.
Technicals:
The Macd indicates that TSLA is in a downtrend
The RSI is looking very oversold
Volume is not looking too good yet
When To Buy:
When there are signs of a reversal
When To Sell:
680$ is what I would recommend but if you believe in the company and think their valuation is fairly priced then hold.
Fundamentals: Tesla , Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation, and storage systems. It also provides vehicle service centers, supercharger stations, and self-driving capability. Tesla is currently overvalued at around a P/E of 581, a P/S of 15, a debt/equity of 0.47, a sales growth Q/Q of 73.60%, an EPS growth Q/Q of 2637.50% and a profit margin of 3.10%.
Rating: 80/100 the technicals look average and could go either way but I personally think they are an amazing company with an expensive valuation.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
If you have any questions send me a message and I'll gladly respond.
Thanks
