$TSLA: final leg down...
Actualizado
I think 
TSLA is about to reach a substantial long term bottom after dropping here next. I'm playing the short side and aiming to buy the bottom once this signal pans out, there's a huge longt term support level, it will be worth looking at the other EV names as well, might be a long term opportunity in many of them, but the safest bet is TSLA given their unique positioning and margin of safety vs the rest. News about price cuts in China and now the EU will help the downside move here, but ultimately are not as important as investors might think, it contributes to worsening of sentiment, as people conflate this with a drop in demand, but ultimately, Elon can afford to sacrifice some of his ample margins to wipe out the competition everywhere. With Lithium prices coming down, and likely TSLA themselves getting into Lithium mining I can see this being very close to a long term bottom here.
This drop is unsustainable over time, if the market turns around, we have a huge drop in energy prices eventually acting as a massive long term tailwind for the economy, combined with the change of monetary policy stance globally forming as we speak, it's a matter of 6 months before we see the effects of it in the broad economy and earnings data probably but the bottom will happen before in most things. What will this lead to? I don't know for sure but we likely have a strong bullish impulse that we should capitalize on this year. Next year we have POTUS elections, so things could get interesting sooner than people expect by now.
Best of luck!
Cheers,
Ivan Labrie.
TSLA is about to reach a substantial long term bottom after dropping here next. I'm playing the short side and aiming to buy the bottom once this signal pans out, there's a huge longt term support level, it will be worth looking at the other EV names as well, might be a long term opportunity in many of them, but the safest bet is TSLA given their unique positioning and margin of safety vs the rest. News about price cuts in China and now the EU will help the downside move here, but ultimately are not as important as investors might think, it contributes to worsening of sentiment, as people conflate this with a drop in demand, but ultimately, Elon can afford to sacrifice some of his ample margins to wipe out the competition everywhere. With Lithium prices coming down, and likely TSLA themselves getting into Lithium mining I can see this being very close to a long term bottom here. This drop is unsustainable over time, if the market turns around, we have a huge drop in energy prices eventually acting as a massive long term tailwind for the economy, combined with the change of monetary policy stance globally forming as we speak, it's a matter of 6 months before we see the effects of it in the broad economy and earnings data probably but the bottom will happen before in most things. What will this lead to? I don't know for sure but we likely have a strong bullish impulse that we should capitalize on this year. Next year we have POTUS elections, so things could get interesting sooner than people expect by now.
Best of luck!
Cheers,
Ivan Labrie.
Operación cerrada manualmente
I covered @ 120.2, it seems like we will get a bullish signal soon, instead. Forget the $90 test.Operación activa
Bullish setup is this level is breached during tomorrow.
Nota
Trend is up now. Operación cerrada manualmente
tradingview.com/chart/qrg2dNb4/I suggest selling shares if you have any, and maybe buy some $155 calls for Friday...sell shares today, buy calls before tomorrow's close with part of proceeds.
Nota
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.