Apr. 5 at 2:33 PM
Fundamental analysis has its time and place but ultimately price provides the proof. For example retail loves
$TSLA. If you were to get its relative value by multiplying its forward EPS (1.60) by the Mag 7’s forward P/E of (28.30) you’d get
$45.28. However
$TSLA trades at
$361.26…
…. I can much easily trade the price action of
$TSLA by looking at things like volume, market profile, and moving averages.