In my history of trading ideas, you'll see I was very bullish on TSLA in April-May of '19 when it was hated. I actually bought shares below 190 (PRE SPLIT PRICE, SO UNDER $40 EQUIV. TODAY!). I bought the bottom. I specifically remember cnbc and many others hating on tsla and I knew something was up. I bought it but didn't hold like a real investor should. I took some profit and got out for other ventures. I couldn't have imagined what was to follow.. I've done the math on that trade and my stomach turns a little sick.. but that's okay. It was a win but it wasn't what it could have been.
I suspect a short or medium term top is near. I think in this range from 670-715 there should be a top of some kind. This is wild.
Comment
⋅
HERE'S MY WEEKLY chart and where I can make a case for a drop SOON. 3x bear divergence on weekly. It hasn't confirmed yet but this is something to take seriously
Comment
⋅
Comment
⋅
725 was my 'proclaimed top' but it sure looks strong. It's absurd. We'll see what happens this week. I think if it's going down it needs to happen asap. BTW, I am NOT currently short tsla. I don't like the imp. volatility right now.
Comment
⋅
nope, not today!
Comment
⋅
*PARTY LIKE IT'S 1999* .. can you hear the music? What happens when the music stops?
Agree on an expected downtrend coming next week. It will drop and hit the $520 and even lower.
DocFinance
⋅
I'm long a put against TSLA from $182. I hope you are right, but in any case I have just taken a stance against losing the better hold, a LT TSLA fan. Thank you.
gghsusa
⋅
@DocFinance, I shorted tsla once and made it out in '19 after it dropped maybe 12%.. I've not been watching it closely since but it just has been insane. TSLA has, no doubt, got some great things in the works but the stock price has gotten ahead. We will have a period of consolidation but I can't say when! I believe there should be a drop in stocks from now until Feb. with a rally into mid '21.. perhaps there's a larger top forming a little farther out idk.
DocFinance
⋅
@gghsusa, Thank you so much for the commentary. ...can't have too many friends
gghsusa
⋅
@DocFinance sure! I’m here to share my ideas and learn myself.