$TSLA - Is that sustainable?

$Tesla Motors(TSLA)$ - Volume validates the bullish candles, and after a +29% ride during the week price action is completely above the Bollinger band. Is that sustainable?

There was another ride above the bands in July, this beast can stay above them like $NVIDIA Corp(NVDA)$ . Anyway it's worth considering the overbought RSI and the latest 4 hours shooting star.

Entering long positions here can be considered a laggard and risky move for the very short term.

Image

Is Tesla a Meme Stock or Value Investing?

Tesla hits an 52 week high of $358 and then pulled back. Some say Tesla's pullback is a good chance to add as the long-term trend is still positive. While others think Tesla is overvalued and the price is too high when it's trading above $300. --------------- At what price would you add Tesla? What's your target price for Tesla? Will Tesla hit $400 in 2024?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":369391325958232,"tweetId":"369391325958232","gmtCreate":1731205358562,"gmtModify":1731313621324,"author":{"id":10000000000010920,"idStr":"10000000000010920","authorId":10000000000010920,"authorIdStr":"10000000000010920","name":"SmartReversals","avatar":"https://community-static.tradeup.com/news/079995488356aff47d9fe17aa3389ce9","vip":8,"userType":8,"introduction":".","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":404,"starInvestorFlag":false},"themes":[{"themeId":"de53634f9e384d289b2845a2619fcdb4","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"Is Tesla a Meme Stock or Value Investing?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":de53634f9e384d289b2845a2619fcdb4}&rnconfig={\"headerBarHidden\": true}","description":"Tesla hits an 52 week high of $358 and then pulled back. Some say Tesla's pullback is a good chance to add as the long-term trend is still positive. While others think Tesla is overvalued and the price is too high when it's trading above $300.\n---------------\nAt what price would you add Tesla?\nWhat's your target price for Tesla?\nWill Tesla hit $400 in 2024?","image":"https://community-static.tradeup.com/news/db7210cb78dc03a7f0a1a3ba10badd33"}],"images":[{"img":"https://community-static.tradeup.com/news/0ffd413b7894f229f4d55dc5068b0b25","width":"680","height":"350"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/0ffd413b7894f229f4d55dc5068b0b25","width":"680","height":"350"}],"title":"$TSLA - Is that sustainable?","html":"<html><head></head><body> <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"Tesla Motors\" href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> - Volume validates the bullish candles, and after a +29% ride during the week price action is completely above the Bollinger band. Is that sustainable?There was another ride above the bands in July, this beast can stay above them like <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA Corp\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> . Anyway it's worth considering the overbought RSI and the latest 4 hours shooting star.Entering long positions here can be considered a laggard and risky move for the very short term.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/0ffd413b7894f229f4d55dc5068b0b25\" tg-width=\"680\" tg-height=\"350\">Image</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"TSLA\" class=\"teditor-mention\" data-mention-name=\"Tesla Motors\" href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> - Volume validates the bullish candles, and after a +29% ride during the week price action is completely above the Bollinger band. Is that sustainable?There was another ride above the bands in July, this beast can stay above them like <a data-mention-id=\"NVDA\" class=\"teditor-mention\" data-mention-name=\"NVIDIA Corp\" href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a> . Anyway it's worth considering the overbought RSI and the latest 4 hours shooting star.Entering long positions here can be considered a laggard and risky move for the very short term.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/0ffd413b7894f229f4d55dc5068b0b25\" tg-width=\"680\" tg-height=\"350\">Image</body></html>","text":"$Tesla Motors(TSLA)$ - Volume validates the bullish candles, and after a +29% ride during the week price action is completely above the Bollinger band. Is that sustainable? There was another ride above the bands in July, this beast can stay above them like $NVIDIA Corp(NVDA)$ . Anyway it's worth considering the overbought RSI and the latest 4 hours shooting star. Entering long positions here can be considered a laggard and risky move for the very short term. Image","highlighted":1,"essential":1,"paper":2,"likeSize":20,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/369391325958232","repostId":0,"isVote":1,"tweetType":1,"viewCount":5561,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NVDA","TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":391,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/369391325958232"}