-TSLA is in a very strong, parabolic uptrend. In my opinion, this stock has entered the Thrill/Euphoria phase of the market cycle. This is a good time to be cautious and evaluate the situation accordingly. Lots of indicators are suggesting this stock is very ahead of itself, and it is only a matter of time before the chickens come home to roost. TSLA is a not a stock to short as we've seen the last several weeks, but if you're long, how much more does it have in the tank? These are important questions to ask yourself as price is in the Thrill/Euphoria stage. I attached a link to the Wall Street Cheat Sheet (Psychology of a Market Cycle) below that has a nice infographic that shows where I think TSLA may be at the moment.
-If you guys recall, I made a bullish tradingview post when TSLA was around $180 several months ago. If you'd like to check it out, the link is here:
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
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Parabolic euphoria:
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"Be fearful when others are greedy and greedy only when others are fearful." -Warren Buffet.