I probably sound like a broken record by now, but the “experts” of Wall Street have failed you again.
But you don’t have to listen to them any longer. This stock that Goldman Sachs recommended as a “sell” has just proved all the fat-cats wrong, and your electrifying profits are waiting for you.
Join me in saying no to all the greedy Wall Street bankers so we can take profits from the stocks that they tell you to sell.
Goldman Sachs has done it again.
If you were unfortunate enough to listen to their “sell” recommendation on Tesla (TSLA), you probably lost a couple thousand dollars.
As soon as Goldman Sachs issued Tesla as a sell, the stock shot up 24%. Clearly their insiders gave them a bad batch of information on that one.
Goldman Sachs’ reasoning for their decision on Tesla was that they think CEO Elon Musk has too much on his plate.
With SpaceX’s high focus on repeating their successful launch of a used rocket, the Wall Street bank assumes that Musk has turned his back on Tesla.
But that’s clearly not the case.
After Goldman Sachs came to this conclusion, Tesla made an extremely bullish move, which I’ve outlined in the stock’s chart below.
The blue line that I’ve placed on the chart signifies a long-term price resistance.
By this I mean that the stock’s price seemed like it would never break past that $280 mark.
The trend held strong for the past 3 years, but it recently broke through it.
As you can see, the stock stormed through that line of resistance at the end of March, and it hasn’t looked back since.
In the last 5 months alone, Tesla has surged a staggering 66%.
When a stock breaks through a line of resistance like this, the line of resistance turns into a line of support. And as long as everything goes smoothly for Tesla, we should see a healthy pullback down to that blue line.
If that were to happen, Tesla would then be in perfect buying position and would provide you with some electrifying profits.
I’d suggest, for the health of Tesla’s stock, that it probably needs to return to that line of support in the near future in order for it to continue on its extremely profitable journey.
With this breakthrough, Tesla surpassed the Valuation of its close rival Ford (F). Sitting as the second biggest American car company, Tesla has its eyes on General Motors (GM) to become the largest car company in America.
Tesla is well on its way to becoming one of the biggest stocks in the market, and we could see it contending with the likes of Amazon (AMZN) and Google (GOOG) in the very near future.
So, next time you hear Goldman Sachs give a surprisingly poor evaluation of a thriving company, don’t be surprised that we’ll be there to guide your investments into some seriously electrifying profits.
