See my post below. I had activated 10 hours ago a trade. We are already up 7%+ since.
The stock had finally closed above the 50 day MA at 227 yesterday. Today it used the 50 day MA as resistance. The news about above expectation deliveries will push it to at least 270 and maybe beyond.
The key fundamentals are still active as per previous post! The key driver of the 50% drop in the share price was driven by demand issues. However, the 95k deliveries today shown that this is not an issue. Furthermore, China GIGAFactory will push the business case even further.
Note that there is currently a short interest of OVER 30%+!!!!! Approximately 5-10% of those are currently under-water. I expect a lot of them to close, which will push the stock towards the margin / stop-losses of the remaining shorts.
Let's see exciting times!
The stock had finally closed above the 50 day MA at 227 yesterday. Today it used the 50 day MA as resistance. The news about above expectation deliveries will push it to at least 270 and maybe beyond.
The key fundamentals are still active as per previous post! The key driver of the 50% drop in the share price was driven by demand issues. However, the 95k deliveries today shown that this is not an issue. Furthermore, China GIGAFactory will push the business case even further.
Note that there is currently a short interest of OVER 30%+!!!!! Approximately 5-10% of those are currently under-water. I expect a lot of them to close, which will push the stock towards the margin / stop-losses of the remaining shorts.
Let's see exciting times!