Tesla
(Click on the picture to view the whole chart)
One of the most advanced companies now days in it's technology,
creating new high as we speak, I've been watching it closely over the past
several months and i believe it has maximized it's potential atm.
Indicators are very loud, when pointing for a strong retrace,
whatever goes up, eventually goes down.
This pump wasn't natural behavior of the market, it was created
by fundamentals only, but now when technical's are over the top,
there is not much room left to continue much higher and the
retracement can be very nasty.
I found all possible trend lines to locate a resistance.
-Our top can be anywhere from here, to $590
-Our bottom can be found at 0.5fibo($350)
On Fundamental side, I find many good upcoming, but unfortunately
it is not always enough to bring enough buyers to overtake the selling pressure.
here are some of the most recent:
https://insideevs.com/news/352610/tesla-pickup-truck-price-musk/
https://news.abs-cbn.com/business/02/01/19/billionaire-musk-releases-all-tesla-patents-to-help-save-the-earth
https://www.anonews.co/teslas-new-solar-roof-will-be-as-cheap-as-a-shingle-roof-and-electric-bill/
On Fundamental side, I find many good upcoming, but unfortunately
it is not always enough to bring enough buyers to overtake the selling pressure.
here are some of the most recent:
https://insideevs.com/news/352610/tesla-pickup-truck-price-musk/
https://news.abs-cbn.com/business/02/01/19/billionaire-musk-releases-all-tesla-patents-to-help-save-the-earth
https://www.anonews.co/teslas-new-solar-roof-will-be-as-cheap-as-a-shingle-roof-and-electric-bill/

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