Can Tesla, which is already at the top level of overbought, continue to rise?
This time, mentioning individual stock Tesla, last week Tesla soared and has already entered a severely overbought zone from a technical perspective. Generally, stocks entering this form will experience a pullback, but considering the situation where Tesla was severely oversold consecutively before, this week continues to call Tesla.
In today's market, only Musk dares to draw a big cake claiming to maintain unchanged growth. From this perspective, Tesla is very likely to become a haven for other institutions or retail investors.
In addition, last year the shorts were squeezed into fuel, and Tesla still has sustained growth logic on the capital side.
In terms of company operations, although Tesla's gross profit has decreased, it still sells one car for every traditional car sold, far surpassing other loss-making competitors. If the future economy deteriorates and requires a price war, other electric vehicle companies are incomparable to Tesla, with traditional car companies on a declining slope.
Tesla's gross profit supports the possibility of further price cuts. If the future economic environment improves, Tesla will do better; if the future economy truly experiences unexpectedly deterioration, Tesla will have no rivals.
It is currently unpredictable whether there will be a Tesla lower than 102, but Tesla is one of the safest targets for long-term investment. $Apple (AAPL.US)$ $TENCENT (00700.HK)$
In today's market, only Musk dares to draw a big cake claiming to maintain unchanged growth. From this perspective, Tesla is very likely to become a haven for other institutions or retail investors.
In addition, last year the shorts were squeezed into fuel, and Tesla still has sustained growth logic on the capital side.
In terms of company operations, although Tesla's gross profit has decreased, it still sells one car for every traditional car sold, far surpassing other loss-making competitors. If the future economy deteriorates and requires a price war, other electric vehicle companies are incomparable to Tesla, with traditional car companies on a declining slope.
Tesla's gross profit supports the possibility of further price cuts. If the future economic environment improves, Tesla will do better; if the future economy truly experiences unexpectedly deterioration, Tesla will have no rivals.
It is currently unpredictable whether there will be a Tesla lower than 102, but Tesla is one of the safest targets for long-term investment. $Apple (AAPL.US)$ $TENCENT (00700.HK)$
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Retail Investor : The reminder was timely.