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A Blow Off Top is in the Making

Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

Tesla stock has experienced a monstrous run from its January’s low of $101.81 to an intra-day high of $235.23 on Thursday. The rally has been propelled by a series of significant developments in the company, lifting the share price by 130% in the short span of five months. The latest rally from the April low alone has advanced 55%, on rumours Tesla is negotiating the construction of a new, massive €4.5 billion ($4.8 billion) Gigafactory in the metro area of Valencia, Spain.

A speculation swirls that France is in the Gigafactory target list too before Elon Musk even headed to Paris. While Musk has recently met with the French president saying that he hopes to make a major investment in the country, with his long to-do list, so far, he is just scheduled to attend the Vivatech conference in Paris next week.

Source: Tradingview

The latest rally has pushed the Relative Strength Indicator (RSI) into extremely overbought territory reaching a reading of 83% on Thursday. The RSI index has reached higher levels on just four occasions since Tesla listed, which were followed by sharp and significant declines.

The strongly overbought momentum conditions send an urgent warning to short-term traders as the rubber band effect is likely to kick in anytime from now. For the highly volatile share price this means that once a short-term top is formed, a decline in excess of 10% could be seen within days. Such overbought readings are associated with blow off tops and provide impeccable timing for traders.

Source: Tradingview

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Your capital is at risk if you invest. You could lose all your investment. Please see the full risk warning here.

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Violeta Todorova

Senior Research

Violeta se unió a Leverage Shares en septiembre de 2022. Ella gestiona la realización de análisis técnicos, investigación macroeconómica y de acciones, y ofrece información valiosa que ayuda a la definición de estrategias de inversión para los clientes.

Antes de unirse a LS, Violeta trabajó en varias empresas de inversión de alto perfil en Australia, como Tollhurst y Morgans Financial, donde pasó los últimos 12 años de su carrera.

Violeta es una técnica de mercado certificada de la Asociación Australiana de Analistas Técnicos y tiene un Diploma de Postgrado en Finanzas e Inversiones Aplicadas de Kaplan Professional (FINSIA), Australia, donde fue profesora durante varios años.

Julian Manoilov

Marketing Lead
Julián se unió a Leverage Shares en 2018 como parte de la principal expansión de la compañía en Europa del Este. Él es responsable de diseñar estrategias de marketing y promover el conocimiento de la marca.

Oktay Kavrak

Head of Communications and Strategy

Oktay se incorporó en Laverage Shares a fines de 2019. Él es responsable de impulsar el crecimiento del negocio al mantener relaciones clave y desarrollar la actividad de ventas en los mercados de habla inglesa.

Él vino de UniCredit, donde fue gerente de relaciones corporativas para empresas multinacionales. Su experiencia previa es en finanzas corporativas y administración de fondos en empresas como IBM Bulgaria y DeGiro / FundShare.

Oktay tiene una licenciatura en Finanzas y Contabilidad y un certificado de posgrado en formación empresarial de Babson College. También es titular de una certificado CFA (Chartered Financial Analyst).

Sandeep Rao

Investigación

Sandeep se unió a Leverage Shares en septiembre de 2020. Está a cargo de la investigación de líneas de productos existentes y nuevas, clases de activos y estrategias, con un enfoque particular en el análisis de eventos y desarrollos recientes.

Sandeep tiene una larga experiencia en los mercados financieros. Comenzó en un hedge fund con sede en Chicago como ingeniero financiero, su carrera abarcó varios dominios y organizaciones durante un período de 8 años, desde la División de Prime Services de Barclays Capital hasta (más recientemente) el Equipo Index Research de Nasdaq.

Sandeep tiene una maestría en Finanzas, así como un MBA del Illinois Institute of Technology de Chicago.

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