With TSLA facing immense downward pressure, it is suggested that accumulation of TSLA should be at much lower vital support levels: $480, $450, $360, $185.
While it is unlikely that TSLA will test $185, it all depends on the intensity of the interest rate spike. Indeed, the fiscal stimulus may lead to over-spending and greater inflation, which may in turn lead to higher interest rates, and a more bearish tech sector.
Given that TSLA has rallied some 500% since 1 Jan 2020, it is advised that readers are cautious when trading TSLA as there can be significant downside. Indeed, even at $185, the pre-split price for TSLA will be $370. At $480, which is a suggested buying point for the first tranche, TSLA is trading at a whooping $2400 in terms of its pre-split value.
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