CryptoGuy234
Short

$TSLA Tesla Stock to crash as much as 70%

NASDAQ:TSLA   TESLA INC
After the parabolic movement that made some people rich, the good times are coming to an end and tesla's needs to first fill the $250-300 gap and tesla's true value should be around $250-350 per share, which is about 70% lower from where it is now

Comments

Amazon has gaps at $15 and $17 never got filed
+8 Reply
Not all gaps fill immediately. Sometimes they can take decades to fill. Oil has gaps over 100.00, does that mean it will get there in a few weeks or months and that everyone should run to energy stocks based on this premonition? No.

Consequently, for stocks, gaps are filled off falling momentum by an extrinsic reason such as poor earnings. There are gaps all over the place for virtually every large cap stock.

Having said that, if Tesla posted say 2-3 terrible quarters in a row, it could certainly close that gap. Until they post extremely poor earnings calls - no chance. Although a pullback could still be acceptable even though it has found support (at-least temporarily).

- zSplit
+5 Reply
@zSplit, Exactly. Everyone loves to call "the gap must be filllleedddd!!!" but in reality some never do...
I do agree with the idea that TSLA will have a pullback, as this run up is over-extended right now.
+1 Reply
just in your dreams
+2 Reply
A breakaway gap occurs when prices are breaking out of a range on significant volume, developing a new trend. As a result of a new trend bringing in new market participants and catching many off-sides, this gap generally does not fill and sees upside follow-through relatively quickly.
+2 Reply
ll21LAMBOS21 ll21LAMBOS21
@ll21LAMBOS21, for example. Apple gapped up October 14th, 2004 at $2.83. This gap has not been filled. Apple gapped up on April 24th, 2014 at $75. This gap has not been filled. Apple gapped up on Feb 1st, 2017 at $121. This gap has not been filled.
+4 Reply
Shorting this beast is like attaching a grisly with a pocket knife. Good luck.
+1 Reply
Ever since this analysis, I have only made more money from this stock :)
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LOL
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lol Tesla is not crypto.
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