DEXWireNews

$TSLA Is the bottom in? Can we trust the bounce?

Long
NASDAQ:TSLA   Tesla
It has become a real "I'm the biggest Bear" among the Analysts community to get a ridiculously low downgrade onto the CNBC Merry go round. Today may be the final day for the Bears to party, Gene Munster today was less than complementary regarding TSLA's future under Musk, he is a highly regarded analyst and his opinion counts. The fact he did not make a silly price target publicly may signal the end of the selling but this bounce today can not be trusted, a test and hold of this region would be a good signal to take a small position.
The leaked tweet from Mr Musk to staff regarding production numbers today may also ignite some covering.

Tesla has a massive short interest, which at some stage will start to close their extremely profitable shorts, which will be evident by hue volume.

⭐⭐⭐ Sign Up for Free ⭐⭐⭐

1) Download our Mobile App >>

Android: dexwirenews.com/APP

Apple: dexwirenews.com/iOS

2) Join our Telegram >> t.me/DEXWireNews

3) Follow @DEXWireNews on Social Media
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.