Tesla Stock Price Analysis 2020 | Is TSLA Still a Good Buy or Did You Miss Out?

by birtanpublished on October 27, 2020

Today I'm looking back at the Tesla stock on March 17th I did an analysis based on my ambassador diamond analysis the IDB a and I suggested that after its stock price crash that brought down the price to three hundred ninety dollars i forecasted the base of my system the price could go back up to around seven hundred fifty-eight now today it is April 14th and we're almost there it has just touched just above seven hundred and thirty eight and it could reach the price that I mentioned before you haven't watched that video I definitely would recommend that you watch the video to see how I analyze the market and I

Wanted to get back here the reason why I wanted to look at Tesla again it's because I actually got a quite a lot of backlash on that analysis and people said there is no way Tesla is going to go back and I wanted to actually take this opportunity and say first of all I'm not saying that I'm not sure dominance I'm not saying that I know everything my system has repeatedly given me price points that has worked out not only with Tesla but also with over 50 other assets in my portfolio that I cover every single week with our premium investing group members tell us

One of the ones that I have been sharing publicly and discussing my analysis i 100% stand by my system the investi of a diamond analysis that covers the market analyze is the any asset not only stocks but also for its and cryptocurrencies from five different points fundamentals technicals market sentiment and it fits it with your unique risk tolerance Tesla happens to be suitable for those with medium to high risk tolerance because it is a little bit more of a medium term investment for example is not a stock that I invest for my dad and his portfolio my dad is 80 he he invests

In dividend stocks and more long-term and things that gives him payment even though he has a little bit of Tesla but that is not his main asset Heslin makes sense for me and husband because we're younger and I can't afford to get in and out of it and we have been getting in and out of it in the past five years based on my technical analysis and my each vocal assistant they wanted to take a look back at this and analyze where the Tesla stock could go from here of course Tesla is not one of my top picks for a long-term holding this is one of as I

Said 50 stocks that I hold in my portfolio along with other assets that we have been investing in my name is Kennedy and yellow you're new here welcome you may have seen me or heard of me on media like Forbes time Fox Business CNN and more I have written multiple books including a new book that is exclusive only to our subscribers my mission is to help moms take control of their financial future and make their money work for them if you haven't already definitely go ahead and check out learn investable calm for /yes for my presentation on how you can take

Control of your financial future now let's go and take a look at it as well stocked alright here we were looking at the Tesla stock price on the charts as I mentioned before the investable diamond analysis has three other dimensions analyzing the markets including fundamentals and market sentiment right now I'm only looking at technical analysis and what I had figured out in the previous video that I shared was that Tesla stock tends to fall into a

Range and after it reached these lows which was 390 which was the exact price point that I had I created as a support level is because it was it used to be the resistance level in the past it was the top of the range for the Tesla stock for the longest time since July of 2017 until August of 2019 and that's why it act as a support this time around and the price tested it and then it went back up now you can see that we're almost reaching the upper bound of the range now cut and go back up to 941 and 100% could but I do believe that the stock price could fall back into this

Range just because this is the tendency that the Tesla stock has now keep in mind that this has the stock has a little bit of a different different pattern compared to the other socks during COBIT 19 majority of other stocks if you look at Dow Jones just kind of represents they crashed at the beginning of March and if you look at almost any other stuff besides the ones that have been directly impacted by the corner virus-like zoom and Netflix and they crashed they reached a low and now they are reaching a resistance level right below

The HTML cloud on the daily chart and from here again I believe that we're gonna see another round of bearish movement but there are people in the markets that believe this was it for a recession and the markets are gonna go back up now here I want to encourage you not to listen to me as where the markets could go from here because nobody really can forecast that that the reason why I came up with this prediction on my end is because I honestly don't think that code 19 is behind us today we surpassed two million cases of code 19 in that one the world

It took only 11 days to go from 1 million to 2 million whereas it took about 4 months ago from 0 to 1 million on April 3rd so for me I believe we're gonna see a little bit of a relief or whatever this is going to continue and even if it goes away in the summer it could come back in November and I do believe that we are going to see another round of bearish movements now I know that today's and yesterday's rally was because President Trump said that he has authority to reopen the country and markets are gonna go back to normal and that's the reason why people started

Buying I do not want to get political in this but this is something that has happened in Iran as well I am originally from there that is what the Iranian government did dictators in Iran reopened the country and I personally know for a fact and I know of people who have been dying and continuing to die and Iran is not even reporting the exact numbers our friends and friends of family have been dying and they're not in the kernel list so I do not mean to scare you but that is a reason why I believe that opening up the country and getting

People to go back to normal may actually do more harm now I don't know what Trump is going to do I don't know what the governors are going to do but that is basically where my head is at I think that this was a temporary correction in the market during a sell-off and if you can you can certainly take advantage of it our premium investing group members have so we bought at the bottom basically last week and the week before and today I advise people who had medium to high risk tolerance to take profit and wait on for the next round of bearish movement now of course there is

Risk in this because if I'm wrong and I could very well be wrong this was it for the sell-off then you if you sell today you are going to miss out on the further gains so you definitely have to really weigh the risk and see which one aligns well with your financial goals as I said I have a higher risk tolerance price and I'm younger I invest more in growth stocks whereas my dad invested more in income stocks and dividend stocks so for him it doesn't make sense to take profit right now because if he takes profit let's say Lockheed Martin or something else that

Pays a lot of high dividend dividends that he will miss out on the dividend payments so put that and keep that into your consideration when you create your investment strategy I'm always here to help don't forget to ask me questions in the comment I will leave each and every comment if you think this is going to be helpful for one of your friends definitely forward it to them subscribe and like this video if you like this and I'll see you in the next investiga video

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