To all you delusional fanboys who think Tesla will sustain a 90 RSI on the MONTHLY chart, please check back with me in a year after this corrects majorly and sucks out a ton of value from retail
I measure the trend by applying Elliott’s wave theory. This entire pop is part of a huge correction that has started in 2014. You would think higher highs are not correction but the current uptrend is a 3 wave series. This stock will be back to $175 when it’s all said and done. I can’t time the market but I know this uptrend is corrective.
Decebal825
⋅
@justinl619, back to $175 with Elliott wave theory LOL
peaceful_warrior
⋅
@laurielita, yeah possible ,but may be after stock split..540 will be new rate from coming Monday.
lonercapitalist
⋅
@justinl619, What makes you think this is all a corrective wave and not an impulse wave?
justinl619
⋅
@dpham911 doesn’t matter! My comment was featured in Jeremys YouTube video!!! This made my day.
lonercapitalist
⋅
@justinl619, Yea thats how I found this thread. I saw your comment and thought "What a fool!" Im sure others did too. Congrats.
halesyy
⋅
@dpham911, I'm sorry but if you listen to Jeremy for actual advice and not to find out what retail traders are doing – there's a few people laughing at you now too, mate.
YES 100% : There are many that feel this is a stock that "CAN ONLY GO UP" - like 0 in the history of , ever... I exacted my profit @ 1475 and am unconcerned to see it spiking higher still. A lot of ppl are planning their retirements around these parabolic gains, and it's going to be a massive shock it doesn't ascend to ONE BILLLION per SHARE, to those folks. They're not traders or investors, but throwing coins into a wishing well that seems bottomless so far. BUT HOLY HELL...