Tesla analysis, is it a buy now?

hhjsyndrome
04-03

What? You want to talk about Tesla's bottom price $Tesla Motors(TSLA)$ ? Wah, steady lah, let's dive deep into the chart analysis and see what's cooking! You see ah, the chart shows a clear downward trend. The bollinger band is like telling us, "Eh, the price bounce here, bounce there, but overall going downhill leh." And then, see, Tesla is below the moving averages, like kena stuck in the MRT breakdown, confirm jialat one.

Talking about trends, the EV industry like siao liao, expecting downturn, sales also like eating tau huay, very soft. And then ah, Tesla come out say deliveries got problem, miss estimates somemore, yesterday drop 4%. Wah, like that confirm bad luck follow, like those people who always kena NS call-up.

Now, let's check out the options market, see got any hints or not. Got some support at $165, $160, $150, and $120. Wah, put call ratio 1.14 leh, means got more people saying "eh, downward only lah" than "up up here, up up there." So, like everyone quite pessimistic about Tesla sia.

In summary, Tesla really ho say lah, all signs pointing down like water flowing down Bukit Timah Hill. Charts say down, options say down, even performance down, like kena sai. Plus, you know lah, industries all like rollercoaster one, EV also no exception. Now in downturn, sales soft like tofu. Tesla come out with 5-year 0% interest loan, maybe help a bit lah, but don't expect magic lah. China also got fierce competition, like trying to squeeze into the MRT during peak hour, very tough one. But you know what, Tesla got solid balance sheet, like uncle with lots of savings. If the price drop to around $150, or maybe jackpot drop to $100, wah, then confirm jin ho say, very attractive buy lah.

What do you guys think? Share, like and comment!

Modified in.04-04
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Comments

  • reeve
    04-04
    reeve
    Tio lah… can see chart going downward trend… normal to have some up and down… and trend is always our best friend bro. Mai ti kee to go against trend. Unless you can catch the support and sell at resistance then confirm hor say. Mai ti kee and keep buying not selling hoping for miracle. Btw, there’s an old saying… don’t catch the falling knife
  • xXxZealandxXx
    04-04
    xXxZealandxXx

    Hahahaha this article made me laugh... thanks for sharing 👏🤣

  • Kk66
    04-04
    Kk66
    LOL BEST LAH THIS ARTICLE
  • RosalindElinor
    04-04
    RosalindElinor
    The charts and options data really paint a gloomy picture for Tesla right now.
  • Ri_Love
    04-05
    Ri_Love
    Great article- thanks
  • hhjsyndrome
    04-04
    hhjsyndrome
    Thanks for the likes and comments!
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