Overall still pessimistic. This has been a monster bear rally. After falling 67% from the prior topping formation in Aug - Sept of 2022 through to the bottom in Jan of 2022, Tesla has risen a whopping 156.77% from those lows to the highs just yesterday. Yes, I was early, but we entered in long put positions which I believe will be highly profitable for as the stock retraces to our targets.
If the third target is breached it will make a bad situation already worse. I believe that deteriorating macro environment will put further pressure on the already poor true financial position for the company and impair equity holders significantly as a consequence.
I will change our perspective should the facts here change.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.