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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 è entrata a far parte di Leverage Shares nel settembre 2022. È responsabile dello svolgimento di analisi tecniche e ricerche macroeconomiche ed azionarie, fornendo pregiate informazioni per aiutare a definire le strategie di investimento per i clienti.

Prima di cominciare con LS, Violeta ha lavorato presso diverse società di investimento di alto profilo in Australia, come Tollhurst e Morgans Financial, dove ha trascorso gli ultimi 12 anni della sua carriera.

Violeta è un tecnico di mercato certificato dall’Australian Technical Analysts Association e ha conseguito un diploma post-laurea in finanza applicata e investimenti presso Kaplan Professional (FINSIA), Australia, dove è stata docente per diversi anni.

Julian Manoilov

Marketing Lead

Julian è entrato a far parte di Leverage Shares nel 2018 come parte della prima espansione della società in Europa orientale. È responsabile della progettazione di strategie di marketing e della promozione della notorietà del marchio.

Oktay Kavrak

Head of Communications and Strategy

Oktay è entrato a far parte di Leverage Shares alla fine del 2019. È responsabile della crescita aziendale, mantenendo relazioni chiave e sviluppando attività di vendita nei mercati di lingua inglese.

È entrato in LS da UniCredit, dove è stato responsabile delle relazioni aziendali per le multinazionali. La sua precedente esperienza è in finanza aziendale e amministrazione di fondi in società come IBM Bulgaria e DeGiro / FundShare.

Oktay ha conseguito una laurea in Finanza e contabilità ed un certificato post-laurea in Imprenditoria presso il Babson College. Ha ottenuto anche la certificazione CFA.

Sandeep Rao

Research
Sandeep è entrato a far parte di Leverage Shares nel settembre 2020. È responsabile della ricerca sulle linee di prodotto esistenti e nuove, su asset class e strategie, con particolare riguardo all’analisi degli eventi attuali ed i loro sviluppi. Sandeep ha una lunga esperienza nei mercati finanziari. Iniziata in un hedge fund di Chicago come ingegnere finanziario, la sua carriera è proseguita in numerose società ed organizzazioni, nel corso di 8 anni – da Barclays (Capital’s Prime Services Division) al più recente Index Research Team di Nasdaq. Sandeep detiene un M.S. in Finanza ed un MBA all’Illinois Institute of Technology di Chicago.

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