To The Moon

Eh guys, hear this – $Tesla Motors(TSLA)$ is making a comeback ah! So, what you think, can it pull back or zoom to $300? Let's kaypoh a bit and see what the charts and options market say, can?

First, we check the charts. Right now, we are above both the 50 Day MA and the 200 Day MA, like HDB flats above kopitiam. But wait ah, the 200 Day MA is creeping up towards the 50 Day MA. If they cross, wah, we get the golden cross! This means very bullish lah, like hawker centre queue during lunch hour. Happened before to S&P and Nasdaq, and we saw what happened – solid lah! But right now, no golden cross yet, so we must see if can stay above or not. The RSI indicator, though, a bit high leh, means overbought. Like MRT during peak hour, so many people already!

Next up, options market. Plenty of resistance on the way up, like ERP gantries everywhere. Biggest one at $240 but we already closed above that one, shiok! Next big one at $250. Let's see if can close above $250 on Friday. After that, not much resistance, so party on the way up lah! We also have a put call ratio of 0.6, also quite bullish.

Now, the news. Why Tesla u-turn ah? All because of Elon Musk’s pay package approved liao. This guy, he talk big but he deliver one. Now he talking about robotaxis and robots, like sci-fi movie sia. Stock price went up after his announcement, but let’s see if it stays up or kena 'piak'. We will only know more during future earnings report if he really deliver or just blow water. But for now, RSI too high leh, like overbought. Risk is downside, like kena traffic jam. So, I think better sit by the sidelines and watch the drama unfold.

How about you? Share, like, and comment lah!