Tesla before S&P500

2 de dez. de 2020

Seems like Tesla is starting to become oversold in the 1H and 1m chart which means we might see a huge spike upwards soon. We still have a tiny bit left in the 1D chart before the stock will have reached its top. Now if we make some research on companies joining S&P500 like Yahoo did in December 1999 we could see Tesla doing the same, we might not see a huge downwards movement at all but instead a higher demand for Tesla shares. However many negative catalysts remain uncertain for many investors/traders such as the unemployment ending around the end of December. This means that we could still see a posibility of a smaller/mid downwards movement before a recovery. If that happends and Tesla being one of the 10 biggest companies to join the S&P500 in such a short time span it could mean that the entire market could tank for a good 2 weeks perhaps?

I would trade with caughtion and smaller position size arounde the current price levels until after Tesla has joined S&P500 to know where exactly the stock will be heading in the next year.

Do no take this for financial advice, this is all but speculation.

Please comment any thoughts you may have!