Last one standing
Don’t be the first to enter and don’t be the last to exit
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- If you really love Tesla and willing to hold long term, don't buy outright. Go and sell a 20230616 $165 Put at $11.90 as of last Friday. it is as good as buying Tesla at $153.10. That being said, based on my technical analysis, I see Tesla reaching $100 again if it does not hold $163.91. Good luck!Sorry, this post has been deleted
- As I mentioned earlier, don't buy the dip... if TSLA breaks below $163.91, there's a good chance for it to hit the previous low of $101.81. Will review again later on...Why is $Tesla Motors(TSLA)$ struggling and what I will do? Before we talk about technical analysis, we need to understand the fundamental challenges that Tesla is facing in China. Why is the China market so important you may ask? Because the Chinese market accounts for more than half (58.7%) of the global EV market in 2022 and whoever owns this market will have an advantage to dominate the growing industry. Right now, the one who is dominating is BYD (Build Your Dreams) who jumped from 13th spot in 2021 to top spot in 2022 with 1.86 million cars (EV & PHEV combined) sold and that is half a million more than what Tesla sold in 2022. Have I mentioned BYD is backed by Warren Buffett? Now you may wonder what is the difference between@Last one standing：Why is $Tesla Motors(TSLA)$ struggling and what I will do? Before we talk about technical analysis, we need to understand the fundamental challenges that Tesla is facing in China. Why is the China market so important you may ask? Because the Chinese market accounts for more than half (58.7%) of the global EV market in 2022 and whoever owns this market will have an advantage to dominate the growing industry. Right now, the one who is dominating is BYD (Build Your Dreams) who jumped from 13th spot in 2021 to top spot in 2022 with 1.86 million cars (EV & PHEV combined) sold and that is half a million more than what Tesla sold in 2022. Have I mentioned BYD is backed by Warren Buffett? Now you may wonder what is the difference between
- Dominance is when you can charge a premium like Apple and still keep your market share. This EV price war is just the beginning, not the end. Sooner or later, this price war will extend to other markets as well because truth be told, Tesla doesn't has any real competitive advantage other than Elon Musk. Once every car maker comes into the EV market, competition is going to be endless and I don't see how Tesla first mover advantage is going to be a game changer. Good luck!Sorry, this post has been deleted
- $DBS GROUP HOLDINGS LTD(D05.SI)$ XD, what's next? Congrats to everyone who collected their $0.92 dividends today! To review my previous post, I recommended to buy at 1st target of $32.50, 2nd target of $31.25 and 3rd target of $30. I personally managed to buy some at $31.99. I was "lucky" because price opened and gap down straight to $31.70 from the previous day closing of $32.70. Needless to say, I immediately bought since it was well below my 1st target of $32.50. That is why it is important to set a target based on your analysis instead of buying based on gut feel. I did not buy a lot but my investing strategy for local banks is always to buy regularly at area of value. Because nobody is able to predict how high or low a stoc
- Why I don't like this chart pattern for $Microsoft(MSFT)$ ? Forget about the AI. Forget all the noises and let's just purely look at price action. I don't like what I see. Doji followed by a Bearish Engulfing. Especially when price has been rallying before that. Why? Because it can be a signal for reversal. Whether it's a big reversal like the one in Aug 2022 or a "small" reversal like Dec 2022, I have no idea. But I know I definitely won't go long at this point. Good luck traders. Cheers. Happy Holidays in advance!
- Why is $Tesla Motors(TSLA)$ struggling and what I will do? Before we talk about technical analysis, we need to understand the fundamental challenges that Tesla is facing in China. Why is the China market so important you may ask? Because the Chinese market accounts for more than half (58.7%) of the global EV market in 2022 and whoever owns this market will have an advantage to dominate the growing industry. Right now, the one who is dominating is BYD (Build Your Dreams) who jumped from 13th spot in 2021 to top spot in 2022 with 1.86 million cars (EV & PHEV combined) sold and that is half a million more than what Tesla sold in 2022. Have I mentioned BYD is backed by Warren Buffett? Now you may wonder what is the difference between
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