Hello, this is Mibook. Today, I'm going to talk about Tesla after a long time. In the video, it seems like I haven't talked about Tesla since the earnings announcement in mid-April, which was two months ago. Tesla has been well received in the market during this time, and there have been many better investment options, with NVIDIA being a representative example. Therefore, I have been watching without approaching separately, but in this week's expanded strategy, I mentioned Tesla and said I would diverge. Today, it seems like it will finally diverge. From recent issues to the views I'm looking at, I will quickly explain. There are two major issues: the mayor's remarks and the approval of Elon Musk's compensation package by the shareholders. First, Cathie Wood, who manages Ark Investment, recently said that Tesla's stock price will reach $2,600 within 5 years. In the past 29 years, Tesla's biggest revenue has been 90% from robotics.

They are suggesting a very bullish view saying that if it comes out of the taxi, it would be very bullish. In fact, Cash Wood is a very positive Tesla bull, so I don't think it has that much significance. However, since Tesla has been showing a continuous weak trend recently, I think it didn't have much effect as a positive factor today. Speaking of compensation packages, there have been various institutions opposing Elon Musk's compensation package, such as the SOC Investment Group, Calpers, Baillie Gifford, and Nordea Asset Management. They were against Elon Musk's compensation package. If the compensation package is approved, it would dilute the stock value, which is not good, and if rejected, Elon Musk would lose his benefits from Tesla. However, since Elon Musk's significance to Tesla is irreplaceable, I

I thought it would be more helpful for the future stock prices if the emergency compensation package is approved. This is a part of the expanded strategy that I mentioned earlier. It was also mentioned that if Tesla's compensation package, known for being positive, like Apple's, is approved, it will remove a major obstacle for Tesla's stock price in 2024. Then, around midnight on June 13th Korean time, Elon Musk tweeted that the compensation package had been approved. In the case of the current package, 73% of shareholders approved it, and in the case of relocating the headquarters to Texas, 89% of shareholders approved it. Therefore, it seems that the compensation package ruled invalid by the Delaware court will likely be lost. After Elon Musk's tweet, Tesla's stock price rose by more than 2% to 5% and is currently up by more than 5% even in pre-market trading. Looking at the chart, it seems to be showing upward divergence.

I will explain. When I show you the chart, after the performance announcement, it was converging in one place. The price was converging around $175. As you can see, the 10-day, 20-day, and 50-day moving averages were converging to extremes. The price was also around $175. Usually, it converges just before determining the major direction. Depending on the duration of the convergence period, the energy is greater when it diverges. Tesla had been converging for over a month. Although the moving average itself is a lagging indicator, convergence and divergence are leading indicators. So, we could predict the volatility. If we look at the characteristic movements, Tuesday's movement was significant. On Tuesday, without any special issues, the market showed a downward convergence movement. At that time, Apple and Tesla were the most distinctive stocks. Apple rose by over 6% on Tuesday, breaking through the new high, while Tesla closed above $170 during the trading session.

It was said to be the key, and eventually, it was worth watching with a close at 170.5. A decline without accompanying trading volume occurred. Looking at the trading volume on Tuesday, it wasn't that large as Tesla's trading volume for this year was the third lowest. Ultimately, it came out with a surge and converged with trading volume on Wednesday, entering the consolidation phase internally. It seems that it will break out to the upside today. It appears that there will be a significant increase in trading volume in today's market. My initial target is $200. The final target is around $230, which has been a long-term resistance line since November 2021. Ultimately, Tesla needs to break through the long-term resistance line to return to a proper arrangement and a substantial increase in Tesla's stock price is expected. Until then, due to significant selling pressure and high volatility, it is advisable to approach with relatively short-term tactics. It would be good to wait for a longer breath after the transition to a proper arrangement.

In the U.S. market, algorithmic trading occurs a lot. The logic and basis for this are different for each fund or period, making it complex and not fully understandable. However, based on personal experience, I feel that algorithm application varies greatly depending on the sequence. It would be helpful to establish a strategy based on this. Lastly, regarding Tesla options, there is a focus on the $185 call option. In reality, call options are also concentrated between $180 and $185. It would be good to check if $185 is definitively broken in today's market. So, I will conclude the video here today. Thank you sincerely for watching today, and if this has been helpful, please subscribe and like. If you have any questions, please leave a comment, and I will reply. Thank you.

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