The selldown is profuse
I always use EMA 25/50/200 as my reference to look for a buy-in / cut-loss points
Ever since Tesla’s announcement of the quarterly result, the share price has been taking a hit 🔨， from a high of USD 299 , being hanmered down to less than USD 230, it slipped all the way down and broke both the EMA 25/50 trend support.
Now the share price is trying to build a base around EMA 200 , let’s see whether Tesla is able to do it.
Technically, if the share price cant sustain EMA 200 , then probably the “bullish trend” is considered to be over.
Fundamentally speaking, the recent selling price reduction of various Models will spur the shipments of EVs, which will continue to cushion the sequential hike in revenue.
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ee mei : may i know what is EMA?
bullrider_21 ee mei : Exponential Moving Average.
Zeff The Great OP ee mei : Exponential moving average
ee mei : ok![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102543616 : gonna tank below 200 very soon
Nigel Chong 庄证评 : Been very cautious on the head and shoulder formation
102151977 : EMA broken jor
ee mei Zeff The Great OP : hi Zeff. im new in investment. may i know what basis is used to measure EMA
XiiaoFuFu : Brother Zeff. Are you assisted by technology?
Or would it be just as important as value?
Charlie Yeoh : good