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TESLA - COMING EV BUBBLE CRASH? | FUTURE OF TESLA / MARKET RESETProposition: EV Stocks have exploded in value from all types and all countries in all sectors Tesla has been among them as the most explosive stock over the last year Price has inflated far more than the company has grown It is without a doubt that Tesla is a highly prosperous company and will continue being the leader in innovation and services so the long term forecast is bullish regardless However, there becomes a point where euphoria, hype and overbought territories are reached and breached As a result, I believe Tesla and the whole EV market along with the renewable market (solar and clean energy products and services) will pop and implode to a healthy level Justification: I could not recommend Aswath "The Dean Of Valuation" Damodaran enough. He is a natural-born teacher, highly competent and knowledgeable individual on investing, valuation and finance He is a highly respectable, humble and intelligent person and his over 700 videos as well as numerous courses, are available for free to the public via youtube and his website I highly recommend his talks, videos and views with regards to markets, finance, investing and the likes Using his Tesla valuation model with a 0% probability of failure, his model outputs Tesla's fair valuation at ~$380 Tesla's TTM P/E ratio is at absurd levels with its current value at 1160 Price has distanced itself vastly with respect to the 200 WMA RSI has broken out of a triangle and look to continue its breakout downwards Stochastic levels look well-posed to reverse and cycle through to oversold levels on the weekly Volume price indicator shows most of the run-up has been unsustainable with little volume zones apart from all the way down to its base The fibonacci extension levels are in confluence with Mr Damodaran's valuation model and all of the above leads me to forecast future price to correct to $400-500 levels and potentially lower Aswath Damodaran: Tesla Valuation + Spreadsheet: youtu.be Youtube: www.youtube.com Website: people.stern.nyu.edu
NASDAQ:TSLAShort
by JayanVarsani
5
CCIV - Churchill Capital- What is a fair price?CCIV - Churchill Capital- What is a fair pre-merger price? As investors pile into CCIV, we have to consider that there has not been an official Lucid Motors merger announcement. We also have to consider that other Tesla competitors that are already listed are at this same pre-merger price. NIO is at $54. Xpeng XPEV is at $41. GM is at $52. Meanwhile, CCIV, a company that is not in the automotive industry yet is priced at $58 already. Of course, market cap matters, but does CCIV have an edge on these other companies? All of this makes you think of whether some news or dilution of shares will happen. It is hard to think that CCIV will go above $100 before a merger is even announced. In todays world, anything can happen. I think we would all feel better if the merger is officially announced. Not Financial Advice.
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by PortfolioBuildersClub
4
Churchill Capital Corp IV (CCIV) following an old pattern?I was right about a possible drop of CCIV. I would buy this stock in the range of $23-$26, not more. I don't want to FOMO. It's ok if the merge happens. You can always make money with stocks. It's never late! Don't FOMO!! What's your opinion? Your comments are welcome. ############## Take into account that fundamentals (news) supplement technical analysis . A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally technical analysis is not an exact science. It involves a degree of subjectivity. Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
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by ymarkets
Analysis request: CCIV Long above 32.02Id like to see support continue above $28.00 on top of the current support zone, and above the orange trend. The RSI is still cooling down a little and i wouldnt be suprised if we retrace further to the likes of 25.30 if we dont hold 28. Id expect trading to continue above the current trend line (Red), but if we fall below, id be watching for 22.69 for support Bearish below 25.30, bullish above 32.02, id stop out on a short term position under 25, or 22.69 It may take another day of red before buyers have an edge, and we resume to the upside.
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by TradingNomadic
A possible scenario for $CCIV this coming daysThis is a possible scenario for $CCIV (if no merge until saturday). Take into account that fundamentals (news) supplement technical analysis. A trader does not use a crystal ball to predict the future (news and people's reactions). Your comments are welcome. ############## Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
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by ymarkets