Should I buy Tesla Stock in 2020?
25 Mar 2020
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage.
Tesla stock forecast
Analysts said the coronavirus pandemic would hurt Tesla Inc (NASDAQ). They say the pandemic will negatively impact Tesla’s vehicle deliveries in 2020. Ahead of the outbreak, the analyst said he was modelling robust deliveries as consumers continued to flock to the Model S, Model X, and Model 3.
Despite past production delays, parts shortages, labour cost overruns and other difficulties, Tesla (TSLA) was on track for improved performance in 2020 and beyond due to its dominant position in the electric vehicle industry.
Well, the coronavirus outbreak probably will hurt Tesla as well as thousands of others stocks in the whole world. In the meantime, supply and demand are playing their game with a new strong imbalance in the monthly timeframe after breaking an all-time high.
Tesla TSLA share prediction
As explained in the Tesla Inc (TSLA) video analysis and forecast at the end of this analysis, we were talking about that huge imbalance of around $361.20 per share a couple of months in Set and Forget’s trading community. The video shows the before and after analysis months before the price arrived. See Tesla Inc’s (TSLA) longer-term analysis in the attachment below.
Tesla stock chart analysis
Using our supply and demand stock strategy, we can assess the bullish bias on Tesla’s longer-term prospects. As per supply and demand, we saw a downside in Tesla’s (TSLA) stock to the $350-$400 price area right where the huge monthly imbalance were located, which would offer an attractive buying opportunity for long-term investors.
Tesla stock imbalance created
It goes without saying what has happened to Tesla’s (TSLA) stock after it reached that huge imbalance on the monthly timeframe of around $361.20. Take a look at the screenshot below in Set and Forget’s trading community, where Tesla’s long opportunity was mentioned.
Tesla stock chart video analysis
© 2013 – 2024
Set and Forget S.L
All Rights Reserved.
Follow Us
Disclaimer
Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.