TogamiTrader

TESLA Overrated (IMO)

Short
NASDAQ:TSLA   Tesla
Earnings season is approaching quickly and I am afraid Tesla might not make the cut. It is in a zone of "Over-Supply"/Resistance, and the price action does not look so good in the past couple of days. Which goes to say the market sentiment is not looking so good for the stock. Plus there has been a volume slowdown showing market skepticism. Besides, I don't trust a company that allows this man (Elon Musk) to still be CEO. He makes unrealistic predictions and terrible comments that throw his stock out of whack. The stock can go furher down than shown here (much lower). As always, trade at your own risk.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.