TSLA - Stabilized?
- Dec steep sell down seems to have exhausted the bears
- Area of balance / price acceptance has been established between 107 and 124
- Volume has visibly picked up by quite alot
- 124 is currently a stubborn resistance as seen in price piercing but not closed above yet.
- Gap remains between 112 - 116
- MA5 is fast coming very close to crossing above MA20
- RSI/MACD has also strengthened
- Area of balance / price acceptance has been established between 107 and 124
- Volume has visibly picked up by quite alot
- 124 is currently a stubborn resistance as seen in price piercing but not closed above yet.
- Gap remains between 112 - 116
- MA5 is fast coming very close to crossing above MA20
- RSI/MACD has also strengthened
What's ahead
- Likely to see sideways action until earnings on 25 Jan
- Or possibly some market catalysts (PPI or further FED talk etc) could bring it above 124.
- First and foremost target is top of upper range of 140.
- If TSLA can build some upward movement, there is quite an easy path up to 170
- Likely to see sideways action until earnings on 25 Jan
- Or possibly some market catalysts (PPI or further FED talk etc) could bring it above 124.
- First and foremost target is top of upper range of 140.
- If TSLA can build some upward movement, there is quite an easy path up to 170
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圖畫裡龍不吟萀不嘯 : Other people raise prices and I lower prices. AITO wants to occupy a larger market share through the “price for volume” method. The price reduction will definitely affect the gross profit margin of bicycles asked by the audience, but overall profit also needs to be viewed from both sales volume and price. If market performance can hedge between volume and price, then questioning the world has achieved the goal of seizing the market. The questioning community got off to a good start with price cuts for their own brands, and I look forward to other car companies following suit in the future.