In light of the recent and upcoming macro events, I'm losing a bit of sleep when it comes to the near term prospect of TSLA. I'd love to get inputs of people with more experience than me.
As you know, despite the major indices's retreating into correction territory over the last week, TSLA has held up very well. However, I don't think anyone can deny that the buying pressure has been primarily the result of Battery Day anticipation. I've never been through a similar situation when a company has a major catalyst coming up in an unstable environment. I have no doubt Battery Day will be a huge success and I'm not asking for direct prediction. However, when a similar situation occured in the past, if it ever did, what happened after the event? What happened to the stock? Did the support get unwound and the stock begin to follow macros? Did the stock continue to outperform due to more capital inflow? Something else in between? We know that in March TSLA got severely punished even as it just came off a monster Q4. I'm not looking to sell anything, just trying to see if there's anything I can do for some near term protection.
Also, the macro sell-off has prevented TSLA from going into the technical overbought territory. Should it continue to assist after Battery Day?
As you know, despite the major indices's retreating into correction territory over the last week, TSLA has held up very well. However, I don't think anyone can deny that the buying pressure has been primarily the result of Battery Day anticipation. I've never been through a similar situation when a company has a major catalyst coming up in an unstable environment. I have no doubt Battery Day will be a huge success and I'm not asking for direct prediction. However, when a similar situation occured in the past, if it ever did, what happened after the event? What happened to the stock? Did the support get unwound and the stock begin to follow macros? Did the stock continue to outperform due to more capital inflow? Something else in between? We know that in March TSLA got severely punished even as it just came off a monster Q4. I'm not looking to sell anything, just trying to see if there's anything I can do for some near term protection.
Also, the macro sell-off has prevented TSLA from going into the technical overbought territory. Should it continue to assist after Battery Day?
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