The Long Investor

$TSLA TOP 20

Added 2023-10-29 20:41:13 +0000 UTC

$TSLA has an uneventful week, as the price did very little as the other Mega Caps stole the show and reported.

The price is still around the 0.618 Fib but still below the 200 Day MA.

I believe $TSLA is still in the same camp as $AAPL and the $SPY, they need to bounce this week to show strength.

That being said, I would rather be holding $AAPL and the other Mega Caps than $TSLA right now, as this impulse wave is still not convincing.

My main issue is the bounce since the start of the year to $300, it is a perfect ABC structure and those who have been here since Jan will know our feelings about this.

$TSLA can still go higher with the market and I believe the bulls will add and step in here if the price goes lower but I am not convinced buying at this price when the other Mega Caps are offering better value right now.....this is only my opinion and I also own 2 EV stocks already, so I do not want to add a third preferably.