$900 won’t be touched next week & the $790 support may fail. TSLA traded as low as $808 in Germany today and the Ukraine issue is looming.
UnknownUnicorn12162138
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Let’s face it: TSLA is overvalued and finally started a correction. I’m (real money) short (at 930 $) with a TP under 550$ (best case under 450). NO (I repeat) NO, Absolutely NO smart money or “long only” fund manager will go long (only) on TSLA in the current market. TSLA is overvalued, started to correct then need to at least go back to “high multiples” and IT’S now extremely STATISTICALLY UNLIKELY to be with such multiples any longer… No double bottoms, some short covering may be but the party is OVER! Ford and others automakers wants now to spin off their EV division. From under 10 PE to over 100 will most likely not happen, even a good 30+ is already improbable then it still means a TSLA close to half from now… I’m short (even is being naked short is really something not to do in stocks…) Best regards, Good luck to all the BULLS, BEARS might get it right in 2022 on TSLA :)
ruby_redusa
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If we go back down to 792 .wont it be double bottom ?