To The Moon

Alright, let’s take a kopi break and deep dive into $Tesla Motors(TSLA)$ to see where the price might go next.

The EV scene overall hasn’t been shining bright like a diamond. Only NIO seems to be dancing Gangnam style with its surprise deliveries. Tesla’s stock price was going down, down, down until Uncle Elon came in like a superhero talking about robotaxis. I was thinking, “Wah, maybe can hoot some cheap Tesla stocks if it dips below $140,” but boh bian leh, didn’t happen. So, what’s up with Tesla? Let’s come and see la.

Looking at the charts, confirm plus chop, got death cross forming in Tesla’s charts. Like when the 50 day MA cross under the 200 day MA, confirm jialat one. Now we’re trading around $179, still above the 50 day MA but still under the 200 day MA. Confirm plus chop, not a good sign la.

Now, if we check out the options market, the current put call ratio is 0.75. So, like, people slightly bullish on Tesla lah. Got quite a lot of options at $170 and $180 levels, like forming a resistance for Tesla on the way up. We closed nicely above $170 but still below $180, like haven’t meaningfully break past $180 yet. To talk about hitting $200 next, Tesla got to close above $180 first. For now, reaching the $200 mark like trying to get kopi-o kosong from a coffee shop during peak hour, tough sia. But, you know, maybe those Tesla hardcore fans might just make it happen.

What you all think, ah? Share, like, and comment lah! Don’t forget to subscribe for more siao liao financial updates, okay?