Yesterday, 27 January 2021, after market, Tesla reported. The reaction to the report gave the final sell signal; the sign that the bubble is about to burst.
If we look at the chart since 2018 we see a sideways movement up until the beginning of 2020. Since 2020 Tesla is moving in a steep uptrend. Since the beginning of 2020 the price has roughly ten folded. In my opinion a big bubble has formed since 2020. To quote CNBC: "Tesla’s market capitalization has increased by more than $500 billion in 2020, and the company is now worth about as much as that of the nine largest car companies globally, despite selling a small fraction of the volume of cars that they do."
If we look at the indicators we see that since the beginning of 2020 a divergence with RSI and Di + is forming. Since November 2020 Tesla is up trending within the uptrend. This trend within the trend broke yesterday. Today we gapped down out of this uptrend. MACD also gave a sell signal.
If we look at the chart since 2018 we see a sideways movement up until the beginning of 2020. Since 2020 Tesla is moving in a steep uptrend. Since the beginning of 2020 the price has roughly ten folded. In my opinion a big bubble has formed since 2020. To quote CNBC: "Tesla’s market capitalization has increased by more than $500 billion in 2020, and the company is now worth about as much as that of the nine largest car companies globally, despite selling a small fraction of the volume of cars that they do."
If we look at the indicators we see that since the beginning of 2020 a divergence with RSI and Di + is forming. Since November 2020 Tesla is up trending within the uptrend. This trend within the trend broke yesterday. Today we gapped down out of this uptrend. MACD also gave a sell signal.
Feragatname
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.
Feragatname
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.