Good Day and I hope you are well,
prev. outlook from 2024-03-13
Quote from my #3 Tesla update:
"tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish."
and the second quote:
"bear case: Nothing bullish about this stock at all. Bears are in full control and selling everything. If they manage to break below the bear channel, the long covering will accelerate it to 150 but probably not much further before earnings. If earnings are as bad as i expect, the remaining die hard bulls will give up. Except for Cathy. This stock and her fund will go down in 2024."
bull case: If bulls somehow manage to keep this above 150 and they can break above the bear wedge and close above the daily 20ema, there is a chance this stock could trade sideways probably between 160 and 200.
bear case: If 150 breaks, next stop is 100-110. Earnings will officially be released on 2024-04-23 after hours. So don't get fooled by all the reports. They just reported one part of their abysmal earnings. The rest will bring us below 150 and the long covering will be epic. This stock is going two digit in 2024.
short term: 150-160, earnings in 2 weeks should bring us below 150 and on our way to 100-110.
medium-long term: 100-110 where it might go sideways for a longer time. If they survive obvioously.
prev. outlook from 2024-03-13
Quote from my #3 Tesla update:
"tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish."
and the second quote:
"bear case: Nothing bullish about this stock at all. Bears are in full control and selling everything. If they manage to break below the bear channel, the long covering will accelerate it to 150 but probably not much further before earnings. If earnings are as bad as i expect, the remaining die hard bulls will give up. Except for Cathy. This stock and her fund will go down in 2024."
bull case: If bulls somehow manage to keep this above 150 and they can break above the bear wedge and close above the daily 20ema, there is a chance this stock could trade sideways probably between 160 and 200.
bear case: If 150 breaks, next stop is 100-110. Earnings will officially be released on 2024-04-23 after hours. So don't get fooled by all the reports. They just reported one part of their abysmal earnings. The rest will bring us below 150 and the long covering will be epic. This stock is going two digit in 2024.
short term: 150-160, earnings in 2 weeks should bring us below 150 and on our way to 100-110.
medium-long term: 100-110 where it might go sideways for a longer time. If they survive obvioously.
