Tesla has previously shown major indications of forming its definite range around a true value. The oscillating nature around both a mark of 820/share and now about 807/share is showing two negative signs of resistance to those marks, making $TSLA now a must-short. That is not to say that I expect the bottom to fall out of one of the most promising tech stocks in the last decade--hardly.
However, with the current graphical trends and harmonics, it is more fitting to expect a chance to short, dive back in between 750 and 785/share, and take the small-ish gain, be happy with it, and keep on ticking...
As said last time with a different area of stocks: MAY THE ODDS BE FOREVER IN YOUR FAVOR.
Thanks everyone and happy trading.
However, with the current graphical trends and harmonics, it is more fitting to expect a chance to short, dive back in between 750 and 785/share, and take the small-ish gain, be happy with it, and keep on ticking...
As said last time with a different area of stocks: MAY THE ODDS BE FOREVER IN YOUR FAVOR.
Thanks everyone and happy trading.