$Tesla Motors(TSLA)$ Tesla (TSLA) ST & LT analysis after Friday close. Monitoring for the commons I hold.
Warren Buffett buying Tesla? That’s like Grandpa swapping his trusty typewriter for the latest VR headset—not exactly his speed, Tiger Traders!
Short-Term Technical Analysis
Tesla closed at $182.85 on 23 June 2024, slipping by 1.38%. Key indicators to note:
- RSI (Relative Strength Index): 44, pointing to neutral momentum.
- MACD (Moving Average Convergence Divergence): Bearish crossover looming.
- Support & Resistance Levels: Support at $171, resistance at $188.
Chart Insights:
These harmonics in the chart attached got me feeling like Neo in the Matrix – blue pill or red pill? We need to see Tesla break above $183.60 for a bullish trend or watch it bounce off the triangle trendline.
Short-Term Strategy:
Tesla’s a wild ride right now! If it drops towards the $171 support with higher volume, it might be a chance to hop on. But that bearish MACD is like the ride operator telling you to hang on tight!
Long-Term Fundamental Analysis
- P/E Ratio: 39.16, showing it's valued higher than industry norms.
- Market Cap: $547.46 billion.
- Recent News: Tesla’s planning to import cars from Giga-Berlin to India, which could be a game-changer.
Analyst Ratings:
- Hold: 17
- Buy: 9
- Sell: 7
Long-Term Suggestion:
For those in it for the long haul, Tesla’s innovation and expansion plans make it a solid growth prospect. Keep an eye on earnings reports and regulatory news.
Engagement Tip:
What do you think about Tesla's move into the Indian market? Share your thoughts and let's chat about how it could impact the stock!
Sources:
- [Nasdaq](https://www.nasdaq.com)
- [Markets Insider](https://markets.businessinsider.com)
- [Tiger Trading Platform]
Happy Tesla trading ahead! Cheers, BC 🍀
Comments
$Tesla Motors(TSLA)$
Let her rip!!!!! $187.50