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It has fallen but more downside to go....
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(28-10-2022, 10:12 AM)sgbuffett Wrote: The sector will still grow but valuations are too lofty and gravity is now pulling it down.
I warned about tesla months ago but now can still let go before too late. My read should be correct
1. Margins are steadily thinning. TESLA just cut price to move sales.
2. Demand depends on high subsidy by Chinese and European govt these will be cut.
3. Traditional auto left out of this market are starting to produce Toyota just had a big launch slowly this will turn crowded very crowded space. Margins will just revert to normal car margins.
4. Valuations of Tesla, BYD about 5 times more expensive that Ford and Toyota. This gap will close as Ford snd Toyota switch to EVs.
there was a regular bearish divergences fr 3/8 to 21/9
but how any software or charts that can scann divergences ?
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Reverse indicator talked liao. BUY !!!
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Low 100s coming because TSLA sided China which will be devastating..
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