Oil prices spiked last friday after Iran seized two oil tankers.
Recent news (Sunday 21.07.2019 / 17:00 EST) reported that the US NAVY sent a nuclear submarine
to the gulf.
BUT... Due to demand worries in 2019-2020 the oil price won't climb over the
supportive triangle trend - LONG
Support 61.30 - LONG
I think the descending trend will be stable for the next few weeks but if Teslas quaterly report (Q2 / 05.08.2019) won't be that bad the price could climb higher.
We even would get an double bottom reversal pattern.
I am going to stick to my evaluation that Tesla is way to far underpriced.
Many investors are overlooking an important aspect of tesla:
The new Tesla Roadster(0-60mph in 1.9 seconds)(620 mi eletric range), which will be realeased approximately in the first quarter of 2020, creates a auspicious offer for every adrenalin junkie that isn't content with the 4.8 seconds from 0-60mph from a Porsche 911 Carrera.
Of course we have...