TSLA lost its support last week and is looking fully bearish.
We see a 35% drop incoming in the months ahead and up to 60% RED if things get really ugly.
It won't matter to Mr. Musk as he sold at the TOP back in November (Genius).
The market cycles are part of nature and will continue to manifest themselves regardless of any one person, group of person, governments or institutions.
Market cycles can be delayed, retarded, artificially manipulated but this can only happen momentarily...
At one point, all the participants will have to go back to basics and re-learn all of Nature's Laws.
@AlanSantana …laws of nature < laws of business. TSLA was never valued where it is today, or even 20-25% of that. Most of the valuation multiples in the market are based off of hype and fantasy. Have been short TSLA for 6 months now…it is utter insanity.
ewesty222
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@Imdmagic1 scrupulous market means back to fundamentals! No more 10x the P/E ratio of the industry standard, even if you categorize TSLA as being a tech company & not a care company they still have an insane P/E ratio, Michael Burry was right but again he was a bit too early
Imdmagic1
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@ewesty222, …ugh…and here I am having just sold my June 23 puts due to the absolute pain I was consuming. :(
If what we are seeing in the macro level is true (Saudi talking with China about shifting oil transactions to Yuan, Russia on the warpath, etc. etc.) then the whole damned thing will go down.
@Original_Stock_Whisperer if you read through these Post these traders actually know what they are talking about. A day early perhaps but the entire market was up today. I think TSLA starts heading south tomorrow or Thursday.
Original_Stock_Whisperer
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@mthompson45, I think Tesla has potential to come much lower than that. I see tesla breaking the 2s. I just looked at Titan, that seems like an attractive price. Not the hugest fan of watching options order flow, but its something to keep in mind. Do you use it? I have but find it, ehh, confusing a little. Thanks for tagging me in this by the way. I am always learning something. In the past I have used cheddarflow, flowalgo (way overpriced) and quant.
mthompson45
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@Original_Stock_Whisperer, Don't talk death cross or fibs just let the charts speak to me. I agree TSLA should be right where his arrow is @ $240 if that. I don't understand how Ford has to fight to get to $20 a share and they have great EV cars/trucks and people were buying TSLA at $1200 a share. Plus the CEO is a complete idiot. Now he wants to fight Putin one on one. Ugh!
Original_Stock_Whisperer
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@mthompson45, personally, I see 170s.. but whatever it is, we agree there should be quit a downturn in tesla. I didnt hear about this fight? hahaahaa... I am laughing. I did hear some Russians have put a bounty on Putins head though. Understandably so. And agreed.. I was eyeing their SUV for a bit. The electric one. I am hearing very mixed things on it though but out of electric cars, if I were to go that route, I would choose that over a tesla every day, all day. Elon does have his solar though that I think people are banking on. If he gets that solar up and going, it has huge potential. Well see.. I dont mind buying a little tesla if the price is right but overall, not a fan.
CheesyPeas
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@mthompson45, Ford have to deliver volume EVs at a profit. They plan to sell 2M EVs by 2026, can they do it, only time will tell.
ewesty222
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@Imdmagic1 titan flow is a good app for options order flow