Tesla Analysis 14/3/2021

14 мар. 2021 г.

TSLA
Tesla Motors, the future of vehicles and clean energy innovation company. The company mission is to accelerate the world's transition to sustainable energy and Tesla is doing a great job. It is a company worth investing in the long run as it will change how the world works. The stock price had soared 1167% since the dip during March 2020 and recently its share price had drop 38% from all-time highs due to the drastic rise of treasury rate. However, these type of retracement is the best chance to buy in Tesla stocks as the reward outweighs the risk. I personally also bought in Tesla shares during this retracement and will hold it for a long term. The share price had found support around the area 645 - 670. Price might consolidate around the area. I currently have a open position on 560 and 622.

My strategy:
If share price is going uptrend
I will buy in some shares if the price manage to break above 720, and another position at 775 if price break above. I will not buy much if the price is going up.

If share price is going downtrend
If price break below 560, I will average down the cost of my positions and buy in some shares around 465 - 438. Next support will be 330.

My entry positions
Entry: 560, 622 (small positions)
Take profit: -
Stop loss: When the company's fundamental has change