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$Tesla (TSLA.US)$ TSLA is almost at a resistance level, but ...

$Tesla (TSLA.US)$ TSLA is almost at a resistance level, but the SPY still has space to run with super strong RSI and stochastics. Now it all depends from the volume… because if it breaks the 877/880 there is nothing else before the 900.
Not trading anymore after lunch at these levels: just watching the long term portfolio grow….
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  • TeslaSmurf OP : While if it pulls back, depending on the RSI and on the fall of SPY, I may grab some TSLQ.

  • Bone85 : What’s the reason why Tesla able to keep soaring nonstop from 660 till now ?

  • 101589668 : TSLQ looking delicious

  • TeslaSmurf OP Bone85 : I’ll rather ask you what’s the reason why the most profitable and fast growing car (and tech) company in the world was dumped to 617$ ? The target price for 2021 was 1200 $ (it reached 1243). The target price for this year WAS between 1400 and 1800$ (Dan Ives: one of the TOP rated analysts among a dozen thousand at Wall Steet, but you can choose to follow the loser-last ranked Gordon Johnson). Due to the inflation, the so-called recession, and the Twitter “affaire” it may not reach those levels, but you can bet your ass that it will be get to a new ATH at some point… the upcoming split ? Q3 production numbers and AI day by the end of September ? End of the year ? WHO knows. Of course, it may fall too, due to Elon’s need to sell 9 billions in TSLA if somehow the judge forces him to buy Twitter at 54,20$ but… I don’t think that’s going to happen.

TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
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