Time for a retreat


$Tesla Motors(TSLA)$ has rebounded off its lows in a massive way. And after shaving so much off its highs, it was pretty much oversold and begging to be bought. And buying indeed did people do especially with rotation back into growth on the back of seemingly waning inflation. After a massive rally of almost 100% offthe 102 dollars bottom in early January, Tesla is still half off the value of its high in 2021. Amazing indeed! That is how much value compression it went through. And a 100% rally in a short space of one month is breathtaking indeed. I believe the rally is due for a breather. 

Technically, the rally looks pretty over extended and it looks pretty much ready for a retreat which may have already started. I believe another massive leg down is on the table and depending on the macroeconomics and the inflation picture etc, the bear case scenario is another low to a possible 92 dollars. If it goes to those levels, I will be loading up! 

I would not chase this rally and wait patiently for better prices ahead. I believe the bear market may not be done yet and the bears may have a last hurrah to wrap up before they call it a day. 

Thanks for reading!

$XPeng Inc.(XPEV)$ 

$NIO Inc.(NIO)$ 













# Can Tesla Guard $200 This Friday?

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  • fishinglo
    ·2023-02-12
    If a big decline happen, TSLA will find its place close to $50. Otherwise it will like keep trading at high PEs
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  • YorkTurner
    ·2023-02-12
    Tesla is now trading at about 51 times estimated 2023 earnings. The S&P 500 trades for about 18 times earnings.
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  • jeffry09
    ·2023-02-12
    I will be selling all next week.. you will see some more “healthy” pullbacks
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  • XantheJuliana
    ·2023-02-12
    TSLA will be at the 400-500 range MINIMUM end of year.
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  • JessieTheresa
    ·2023-02-11
    Bear sentiment now, be careful. Maybe pullback will come in few weeks🤔
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  • DaveLewis
    ·2023-02-11
    I agree with you. There are better prices
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  • Gloria112
    ·2023-02-11
    It's time for TSLA to be sold
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  • [呆住]
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  • Jer_Soul
    ·2023-02-11
    [Cry]
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  • olddirtbag
    ·2023-02-11
    comment
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  • Ye Myint
    ·2023-02-11
    Ok
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  • Princexoxo
    ·2023-02-11
    Gg
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  • CY09
    ·2023-02-11
    k
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  • soooz
    ·2023-02-11
    O
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  • Huinan
    ·2023-02-11
    T
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  • Yongqi
    ·2023-02-11
    K
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  • GuekNgo
    ·2023-02-11
    T
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  • Yongqi
    ·2023-02-11
    K
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  • GuekNgo
    ·2023-02-11

    T

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