Hello fellow traders and investors, here's an update on the previous TESLA trade idea.
TSLA has established a very strong resistance level and is currently testing it, if it breaks out it offers a 25% ROI to it's previous high.
Technicals:
The Macd indicates that TSLA is oversold
The Macd indicates that TSLA is still in an uptrend
The Ema's indicate that TSLA is still in an uptrend
When To Buy:
When it retests the trendline or if it breaks out however if it breaks out I personally would wait for a better deal.
When To Sell:
Previous high
Fundamentals: Tesla , Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation, and storage systems. It also provides vehicle service centers, supercharger stations, and self-driving capability. Tesla is currently overvalued at around a P/E of 1128, a debt/equity of 0.53 which isn't great but not too bad either, a sales growth Q/Q of -56%, an earnings per share growth of 124% Q/Q and a profit margin of 2.20 %
Rating: 20/100 since Tesla's valuation is insane, their profit margin isn't amazing and sales growth that is negative isn't good at all so for the fundamentals Tesla is very bad, the technicals look pretty bad aswell since we're testing a resistance and will most likely pull back to the trendline.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
Thanks
TSLA has established a very strong resistance level and is currently testing it, if it breaks out it offers a 25% ROI to it's previous high.
Technicals:
The Macd indicates that TSLA is oversold
The Macd indicates that TSLA is still in an uptrend
The Ema's indicate that TSLA is still in an uptrend
When To Buy:
When it retests the trendline or if it breaks out however if it breaks out I personally would wait for a better deal.
When To Sell:
Previous high
Fundamentals: Tesla , Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation, and storage systems. It also provides vehicle service centers, supercharger stations, and self-driving capability. Tesla is currently overvalued at around a P/E of 1128, a debt/equity of 0.53 which isn't great but not too bad either, a sales growth Q/Q of -56%, an earnings per share growth of 124% Q/Q and a profit margin of 2.20 %
Rating: 20/100 since Tesla's valuation is insane, their profit margin isn't amazing and sales growth that is negative isn't good at all so for the fundamentals Tesla is very bad, the technicals look pretty bad aswell since we're testing a resistance and will most likely pull back to the trendline.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, share and comment your thoughts.
Thanks
