If you own any Tesla stock you're on cloud 9 right now. What an absolute rocket ship.
We bought Tesla back at $172 and just sold today with a gorgeous return. It's still possible for the stock to keep climbing, but we just felt it was the right time to take profits and look for a better bargain. The stock is absolutely parabolic right now and we would be interested in buying back after a dip if the entry looks promising. We have some large gaps to be filled at the $672-$653 levels and at $618-$596, RSI is through the roof, and so is the MACD.
Food For Thought:
Tesla now has a larger market cap than GM, Ford, and Chrysler (the Big 3)....Combined!!!
Tesla sits at $141 Billion and GM+FORD+Chrysler are at $110 Billion
Last Years Revenue: Tesla $25 billion, the Big 3: $425 billion
We just feel the stock is being bought on hopium (overly bullish speculation) and these current levels aren't justifiable as of yet.
Shoot us a like and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
We bought Tesla back at $172 and just sold today with a gorgeous return. It's still possible for the stock to keep climbing, but we just felt it was the right time to take profits and look for a better bargain. The stock is absolutely parabolic right now and we would be interested in buying back after a dip if the entry looks promising. We have some large gaps to be filled at the $672-$653 levels and at $618-$596, RSI is through the roof, and so is the MACD.
Food For Thought:
Tesla now has a larger market cap than GM, Ford, and Chrysler (the Big 3)....Combined!!!
Tesla sits at $141 Billion and GM+FORD+Chrysler are at $110 Billion
Last Years Revenue: Tesla $25 billion, the Big 3: $425 billion
We just feel the stock is being bought on hopium (overly bullish speculation) and these current levels aren't justifiable as of yet.
Shoot us a like and give us a follow as we come back with more updates.
Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
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.
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.