FAAMG to TAAMG
As said on Monday, the traditional 5 great IT powers of the market were FAANG, Facebook, Apple, Amazon, Netflix, and Google, as they are of a market value of over one trillion. Later some people used Microsoft to replace Netflix and thus become FAAMG. Now they use Tesla to replace Facebook and thus become TAAMG.
Now some people fix the target of Tesla in 2022 at $2,000. It’s not a wonder, but better to purchase it when the price drops under $1,000. This target is for long term investors, so that it can be easier to take profit for the full range. But if it is for day traders, they should have taken profit shortly and must buy again at a higher level. It needs more time for market watching and must overcome the psychological barrier of buying at a higher price than before, so it’s for professional traders only.