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A Blow Off Top is in the Making

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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Violeta Todorova

Senior Research

Violeta a rejoint Leverage Shares en septembre 2022. Elle est chargée de mener des analyses techniques et des recherches sur les actions et macroéconomiques, fournissant des informations importantes pour aider à façonner les stratégies d’investissement des clients.

Avant de rejoindre LS, Violeta a travaillé dans plusieurs sociétés d’investissement de premier plan en Australie, telles que Tollhurst et Morgans Financial, où elle a passé les 12 dernières années de sa carrière.

Violeta est une technicienne de marché certifiée de l’Australian Technical Analysts Association et est titulaire d’un diplôme d’études supérieures en finance appliquée et investissement de Kaplan Professional (FINSIA), Australie, où elle a été conférencière pendant plusieurs années.

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Marketing Lead

Julian a étudié l’économie, la psychologie, la sociologie, la politique européenne et la linguistique. Il possède de l’expérience en matière de développement commercial et de marketing grâce à des entreprises qu’il a lui-même créées.

Pour Julian, Leverage Shares est une entreprise innovante dans le domaine de la finance et de la fintech, et il se réjouit toujours de partager les prochaines grandes avancées avec les investisseurs du Royaume-Uni et d’Europe.

Oktay Kavrak

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Oktay a rejoint Leverage Shares fin 2019. Il est responsable de la croissance de l’activité à travers des relations clés et le développement de l’activité commerciale sur les marchés anglophones. 

Il a rejoint LS après UniCredit, où il était responsable des relations avec les entreprises pour les multinationales. Il a également travaillé au sein de sociétés telles qu’IBM Bulgarie et DeGiro / FundShare dans le domaine de la finance d’entreprise et de l’administration de fonds.

Oktay est titulaire d’une licence en finance et comptabilité et d’un certificat d’études supérieures en entrepreneuriat du Babson College. Il est également détenteur de la certification CFA.

Sandeep Rao

Recherche

Sandeep a une longue expérience des marchés financiers. Il a débuté sa carrière en tant qu’ingénieur financier au sein d’un hedge fund basé à Chicago. Pendant huit ans, il a travaillé dans différents domaines et organisations, de la division Prime Services de Barclays Capital à l’équipe de recherche sur les indices du Nasdaq (plus récemment).

Sandeep est titulaire d’un master spécialisé en finance et d’un master en administration des affaires de I’Institut de technologie de Chicago.

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