TSLA
Fanboys were cheering the recent earnings pump with positive news...
I even received a message from a friend.
He drives a Tesla btw 😅.
But TSLA is playing the slippery slope game here.
And what type of slope will it be 🤔.
It could of course just shallow out here and hold.
But for as long as it keeps slipping, the probability increases that the earnings high was actually a major pivot.
If markets become bearish then perhaps that pivot was a wave 2 completion in a higher time frame ABC from ATH.
We'll see but as you know I have had a deep target of $client only for some time.
Psychologically I think it may happen because TSLA is a fanboy hype stock and there will be plenty of dumb money that have metaphorically lubed themselves up by putting plenty of cash on the line 😮.
Either way I dont want to buy TSLA up here...
Not advice
Fanboys were cheering the recent earnings pump with positive news...
I even received a message from a friend.
He drives a Tesla btw 😅.
But TSLA is playing the slippery slope game here.
And what type of slope will it be 🤔.
It could of course just shallow out here and hold.
But for as long as it keeps slipping, the probability increases that the earnings high was actually a major pivot.
If markets become bearish then perhaps that pivot was a wave 2 completion in a higher time frame ABC from ATH.
We'll see but as you know I have had a deep target of $client only for some time.
Psychologically I think it may happen because TSLA is a fanboy hype stock and there will be plenty of dumb money that have metaphorically lubed themselves up by putting plenty of cash on the line 😮.
Either way I dont want to buy TSLA up here...
Not advice
Comment:
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Priority trades, round the clock updates and a 1 hour technical video per week 😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Post CPI volatility has been very useful to see what is hot and what is not.
Notice the disparity between the Nasdaq which pumped after a gap up today...
And TSLA that has a sitting-duck look about it.
The indexes may go higher but they are all odds on to re-test the previous ATH; especially after the April sell off was so deep.
If that does happen then TSLA may drop like a rock 🤨.