Good evening and i hope you are well.
"Uuuuh another degenerate calling out big
TSLA
targets, booooooo"
My bad for making you click on this. Enjoy your evening.
Now that we are over that, lemme give you my reasoning for it and then you can make up your own thesis.
bull case: What might that be i ask myself many times now for the last weeks. Very best i could come up with is, that the broad bear channel is broad enough for bulls to make money a couple of days in between the sell offs. That's it. If you are a bull and bought above 200, you might be in for a ride here. Please spare me your macro schmackro and how Tesla will have autonomous driving in the next 5 years. You are embarassing yourself since 2015.
bear case: Only question is, how deep and how fast can this drop over the next months or years. Insanely overall bullish market and Tesla is in a weak broad bear channel, grinding lower for 25+ months. like do you honestly believe the overall market conditions will get better from here on? They bought the SP500 and Nasdaq like there is no tomorrow and this stock had nothing but disappointmen for bulls for more than 2 years now. This was orderly selling in a very confined channel. Next phase is the bulls-giving-up phase.
short term: sideways to down.
medium-long term: down - what would change that? trading above 270
Here an outrages take on top, if Tesla gets consecutive daily closes below 145/140, it's free fall and Cathie Wood will be retired.
"Uuuuh another degenerate calling out big
TSLA
targets, booooooo" My bad for making you click on this. Enjoy your evening.
Now that we are over that, lemme give you my reasoning for it and then you can make up your own thesis.
bull case: What might that be i ask myself many times now for the last weeks. Very best i could come up with is, that the broad bear channel is broad enough for bulls to make money a couple of days in between the sell offs. That's it. If you are a bull and bought above 200, you might be in for a ride here. Please spare me your macro schmackro and how Tesla will have autonomous driving in the next 5 years. You are embarassing yourself since 2015.
bear case: Only question is, how deep and how fast can this drop over the next months or years. Insanely overall bullish market and Tesla is in a weak broad bear channel, grinding lower for 25+ months. like do you honestly believe the overall market conditions will get better from here on? They bought the SP500 and Nasdaq like there is no tomorrow and this stock had nothing but disappointmen for bulls for more than 2 years now. This was orderly selling in a very confined channel. Next phase is the bulls-giving-up phase.
short term: sideways to down.
medium-long term: down - what would change that? trading above 270
Here an outrages take on top, if Tesla gets consecutive daily closes below 145/140, it's free fall and Cathie Wood will be retired.
