bounce off the mid-line of the pitchfork. in all the previous downturns this has occurred and it is on ok short term play. Then we will have the long protracted plunge to 115 level.
Comments
mazdaki
⋅
ok, decision time. Do we sell here or wait a little longer to get close to the announcement date. We could potentially make it to the edge of the dome 255 or 265. There are buy signals on the weekly and monthly. Relative to Oil there still a lot of room to run up. It could even make it all the way to some of analyst estimates if they make there sells numbers. I need to investigate sales and update.
mazdaki
⋅
sales appears to be up about 42 yoy based on US EV estimates.
mazdaki
⋅
There will not be a real earning miss as the number of vehicles sold is already out. It is all about guidance. The new spin is partnership in China. It is so hard to say what Elon will come up with for the earnings call. no matter what, I think it is due for a little bounce here before the big plunge.