Should You Buy TSLA Stock NOW??!!! Best Prices
Hello everyone. I hope you are doing perfectly. So, today I wanted to share my perspective on TSLA stock. In this published idea, you can see three aspects of the analysis: technical, fundamental, and sentimental (all are my humble opinion). Now let's get to the real deal.
Technical Analysis
As you see on the chart, there is a high possibility of pulling back on the trend line since the price is over-saturated, and we can see that the last minor wave has given its 0.618% correction.
With this said, I will buy TSLA stock only at the prices given in the chart. The prices are obtained with Fibonacci numbers and demand zones. If you want to buy it now, you can, but I do not recommend it.
Fundamental Analysis
Now, the most crucial thing in buying stocks is analyzing the fundamentals of a particular stock before buying it. As you know, the USA is experiencing negative GDP growth, indicating that high-risk markets, including the stock market, can continue their bearish trend.
But, if you are a long-term investor, this can be the perfect opportunity. However, if I were you, I would wait until the CPI decreases and the GDP increases.
Additionally, TSLA is currently experiencing good earnings and revenues, which shows that even in a bear market, it can not be bankrupt.
Sentimental Analysis
As you can see from what I said earlier, we are all a bit confused about the current economic situation. So, on a bigger scale, most people are like us. Let's think logically, how 90% of people would react now? Most people are now afraid of the bear market, which is a good thing. In such situations, I want to give others what they want. What do I mean by this? It means if you're going to sell, I will buy, and if you want to buy, I will sell. In simple terms, do the exact opposite of what most people want to do.
I hope you gained what you wanted on TSLA stock. Follow me for more Forex, CFD, Crypto, and the Stock market analysis.
I will be glad also to know your perspective on TSLA stock. So, leave a comment and let me know what you think.
I Wish You All a Profitable Trading Journey
Technical Analysis
As you see on the chart, there is a high possibility of pulling back on the trend line since the price is over-saturated, and we can see that the last minor wave has given its 0.618% correction.
With this said, I will buy TSLA stock only at the prices given in the chart. The prices are obtained with Fibonacci numbers and demand zones. If you want to buy it now, you can, but I do not recommend it.
Fundamental Analysis
Now, the most crucial thing in buying stocks is analyzing the fundamentals of a particular stock before buying it. As you know, the USA is experiencing negative GDP growth, indicating that high-risk markets, including the stock market, can continue their bearish trend.
But, if you are a long-term investor, this can be the perfect opportunity. However, if I were you, I would wait until the CPI decreases and the GDP increases.
Additionally, TSLA is currently experiencing good earnings and revenues, which shows that even in a bear market, it can not be bankrupt.
Sentimental Analysis
As you can see from what I said earlier, we are all a bit confused about the current economic situation. So, on a bigger scale, most people are like us. Let's think logically, how 90% of people would react now? Most people are now afraid of the bear market, which is a good thing. In such situations, I want to give others what they want. What do I mean by this? It means if you're going to sell, I will buy, and if you want to buy, I will sell. In simple terms, do the exact opposite of what most people want to do.
I hope you gained what you wanted on TSLA stock. Follow me for more Forex, CFD, Crypto, and the Stock market analysis.
I will be glad also to know your perspective on TSLA stock. So, leave a comment and let me know what you think.
I Wish You All a Profitable Trading Journey
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