ZnWC
楼主
:
Someone forecasted Tesla's target price (TP) between USD 146 to USD 177 in May when the share price is bearish. Using TA indicators like RSI and EMA to show that it was 'overbought' and advised to start selling. A month later, the goal pole was shifted to between USD 242 to USD 340 when the share price reversed and started to rally in June.
Sound familiar? This is how so called analysts gave rating and set TP - keep switching. Giving such a wide range TP and moving forcast based share price is not helpful at all and can be misleading. A friend told me you should take such analysis with a pinch of salt.
Study has shown that some TA indicator like RSI is not suitable for uptrending market and can remain 'overbought' for a long time. You should verify the data given by indicator with market conditions and company's fundamental.
ZnWC 楼主 : Someone forecasted Tesla's target price (TP) between USD 146 to USD 177 in May when the share price is bearish. Using TA indicators like RSI and EMA to show that it was 'overbought' and advised to start selling. A month later, the goal pole was shifted to between USD 242 to USD 340 when the share price reversed and started to rally in June.
Sound familiar? This is how so called analysts gave rating and set TP - keep switching. Giving such a wide range TP and moving forcast based share price is not helpful at all and can be misleading. A friend told me you should take such analysis with a pinch of salt.
Study has shown that some TA indicator like RSI is not suitable for uptrending market and can remain 'overbought' for a long time. You should verify the data given by indicator with market conditions and company's fundamental.
moomoo247 : 空头会说还没有批量生产然后努力做空
73151055 : T