$414 - should I buy now?
I'm sure there are quite a few asking the above question!
To answer the question, two very important factor need to be consider:
A. Are you a long term investor?
Long term here is refer to more than 3 years. For me, I am going long term as I foresee FSD development in both down stream consumer market and also upstream commercial/ supply chain market will bring significant upside to Tesla share price ( (if anyone like to know more how FSD and Optimus can benefit supply chain, please comment FSD / Optimus, I will share in next post)! However, I still prefer DCA rather than lum sum to buy now.
B. Are you a short term investor?
I was a short term investor before last July when I managed to buy at $170. I sold of all my position back then and took my family for a lavish seafood meal, as I wasn't sure if Tesla will still keep going up before as the history peak price stood at $409. Psychologically, those who trapped at $409 since last peak at 2021, some might have sold off to get back some cash and now they are observing if price can breakthrough $414, so I believe $414 will have resistance unless there is a big candle starting from $409. So, if I were to trade short term, I will wait and see the movement after $409.
This disclaimer is for informational purposes only and does not constitute financial advice. It is important to conduct your own research or consult with a qualified financial advisor before making any investment decisions.
Comments
Will Tesla’s FSD approval in China affect Chinese EVs?
FSD. Thank you for sharing