$tsla fundamentally and technically finally looking like a long
Feels like ages ago the last time i was buying tesla, after i sold pre split for around $1000 per share I felt it was too overvalued. Now its finally consolidating at lower prices. Reaching undervalued on the EMA Ribbon which for me traditionally serves as a great indicator of a bear market/buy indicator. I use it on a macro time frame to determine if we are severely discounted on a ticker and it looks like we are. I will be averaging into tesla as long as the ribbon stays as resistance (we are under it). The company is still fundamentally incredibly valuable given that it is quite literally the best EV manufacturer, still un-paralled in terms of both AI performance, EV infrastructure (charging network and solar as well as giga factory efficiency) and capital allocation/management, given that they are buying BTC at huge quantity and accepting a hard asset as payment for their vehicles. Meaning for each vehicle sold through BTC they are accepting the most innovative change to money ever created. Vehicles sold through btc will be exposed to appreciation now too. So essentially net worth of the company is poised to exponentially. Tesla is a long term hold, thanks.
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