To expect a pullback is reasonable. To expect a continued rally is a gamble.
$Tesla (TSLA.US)$ I’m not in any sides, this is neautral advice.
After last week’s parabolic run, some sobriety is needed. The RSI is overheating, there’s an abbysal gap below the current price and this week’s a crucial week with earnings report from mega caps and the US election.
This inflated bubble will pop if any of the 3 mega caps fall short of firework earnings. Besides, TSLA has taken a side in the upcoming elections. Go figure.
Moreover, TSLA is commanding a P/E of 80, twice as expensive as growth megacaps with the likes of $NVIDIA (NVDA.US)$ - based on promises alone.
The risks are simple overwhelming. Again, some sobreity is needed.
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I’ll like a glass of wine, some crayons and a typewriter
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SofiFairValue6 : Finally some rational posts in here