TradeTheTrends

TSLA, DON'T BE GREEDY!

Short
NASDAQ:TSLA   Tesla, Inc
Hello fellow traders and investors, here's an update on the previous TESLA trade idea.
TSLA has established a very strong resistance level and is currently testing it, if it breaks out it offers a 25% ROI to it's previous high.

Technicals:
The Macd indicates that TSLA is oversold
The Macd indicates that TSLA is still in an uptrend
The Ema's indicate that TSLA is still in an uptrend

When To Buy:
When it retests the trendline or if it breaks out however if it breaks out I personally would wait for a better deal.

When To Sell:
Previous high

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 1128, a debt/equity of 0.53 which isn't great but not too bad either, a sales growth Q/Q of -56%, an earnings per share growth of 124% Q/Q and a profit margin of 2.20 %

Rating: 20/100 since Tesla's valuation is insane, their profit margin isn't amazing and sales growth that is negative isn't good at all so for the fundamentals Tesla is very bad, the technicals look pretty bad aswell since we're testing a resistance and will most likely pull back to the trendline.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
Thanks

Comments

As Tesla is testing for the 3rd time the resistance zone I wouldn't be surprised if it breaks through this time, nevertheless we will need a strong and positive Trading Day to make this happen, which has not been easy these days ...
Reply
@foxbelex, I was actually thinking about this as well however I still think everyone should wait for confirmation before taking a position.
Reply
why did you mark it "short"?
Reply
TradeTheTrends orhan_drsn
@orhan_drsn, Because I am more bearish on Tesla right now and I think it will retest the trendline. I hope I answered your question :)
Reply
What do you think about Tesla's current technicals?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter