Tesla has seemed to loose momentum and is falling , this might not be the fall we(shorts) have been waiting for , but its a good signal of what is to come ahead for this stock, for numerous reasons everyone who is trading it knows what I am talking about. lets see what happens within this week. Good luck on your trades and as always please comment or Make suggestions or share your ideas or vision of the stocks next possible moves.
I don't think today's drop was due to TESLA, but due to the market in general. TESLA will go up with the market unless we hear company-specific negative news.
maxim77788
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@neski, not so sure I fully agree with your point, but it definitely has meaning to it. Nasdaq overall performance will push it up or drag it down respectively, but also I feel there is a loss of confidence on the side of the bull entries, they might not be so sure of the current steam the stock has left, there really aren't that many arguments left for it to drastically grow, at the same time we have seen it rocket for no particular reason other then hedge funds pumping money into it + bullish news, + good earnings , will these factors sustain ? I doubt it. lets see :))
neski
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@maxim77788, the stock is not in oversold territory yet, hence I thought there is room to grow. TESLA's stock is heavily influenced by the Musk factor (let's hope he keeps on smoking that weed ;)
maxim77788
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@neski, I am sure you still got time for a long, just set your t/p and don't let the greed grow on you like it does on all of us lol
not sure its weed `Elon is puffing on, that's his personal choice , I know my mind is clean , finally `:)))
neski
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@maxim77788, I am long on cybertruck, as long as they fix that "bulletproof" window. As far as this trade, I am out for now as of yesterday (before the drop), but looking to re-enter, hopefully soon. Cheers.