25th January, 2022, 7:56 PM

TESLA – [ A Bargain Now? ]

Chart Source: Tradingview.com 25th Jan 2022

Tesla has pullback about 30% since its high Nov after Hertz order and back in Dec when they gave out its quarterly delivery figure which blew the analyst expectation.

What’s next for Tesla? It’s upcoming results after market on Wednesday. The results are expected to be good which might be one of the catalyst to push TESLA up. With the opening of Tesla’s Giga factory in Austin and Berlin, these are going to be an additional catalyst pushing Tesla to new heights.

So what should we do before results? We usually don’t advocate a TRADE before results as we never know how market will react to results. But if you’re investing, its a little different. As tesla has  a bright future ahead, one might consider a small entry before results is a strategy

Tesla has fallen 30% which we feel is a good entry to scale in comes againand after all the hype has died down.  $850-890 is an area to consider a batch in. The next level would be $800-$820. Tesla is on discount and its a good opportunity to scale in for the long term!! Don’t miss out!

Have a good week ahead!

Yours

Humbly

Kelwin&Roy

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