Notice, whenever the thin blue arrows are parallel and consistent with each other, those are the "normal" trend lines (either up or down) for a period of max a week. But whenever there is a convergence or divergence between any, the bigger trend that follows (for several weeks) will change direction. Those are the question marks showing the strange situation that is not the common one that we would expect. So I see a down trend during this week. If it will be a continuous uptrend (not impossible as we experienced it at the end of January), then the collapse could be even more violent after. Also, RSI can not be high before an uptrend, and it is quite high now. And aside, of course on the long run (2-3 years time frame) I'm highly bullish, as Tesla will execute and deliver. But now at the middle of this recession, that was getting worse and worse week after week until today... people losing their jobs and even homes, their savings are less and less... you got the idea, it's far from over yet. Also, Fremont factory was closed for 8 days during Q1, but 33 days during Q2. Also, all experts say that a such narrow V shape (that would form if this is a final recovery) is unlikely according the current situation.
So, even though my target is $900 for the end of 2020 but right now (before battery day!) $600 is unreal, it's way too high. So, sell and/or wait for the deflation _according to the time frames we analyze_, this is my own opinion (and act) based on what I read and learned lately. Trade safe, let me know if any thought comes up about the near future of TSLA and stay safe.
So, even though my target is $900 for the end of 2020 but right now (before battery day!) $600 is unreal, it's way too high. So, sell and/or wait for the deflation _according to the time frames we analyze_, this is my own opinion (and act) based on what I read and learned lately. Trade safe, let me know if any thought comes up about the near future of TSLA and stay safe.