Concerns about Tesla electric car sales in China have recently intensified, raising some concerns about the high valuation of the rising stock. For example, GLJ Research analyst Gordon Johnson believes that monthly deliveries of Tesla vehicles in the important car market have peaked at around 20,000 units.
Our Analysis:
While the price is above 599.20, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 608.87
- Take Profit 1: 626.40
- Take Profit 2: 633.40
Alternative scenario:
If the level 599.20 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 599.20
- Take Profit 1: 587.60
- Take Profit 2: 580.80
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