I believe a correction on TSLA is imminent before a continuation higher. Since the low of the Covid Crash, Tesla is up a whopping 1400%!! I will be the 1st to admit I'm apart of the Tesla cult following, but at some point you have to ask yourself, how long can this move be sustained? Before you jump on here saying, "Tsla isnt just a car company, yada yada yada," understand, I know all that, I believe, and hope great things for Tesla in the future. But we're all here to make money and part of making money, is not losing it after you make it. I love Tesla as a car company, and as an enterprise in general, but before it moves higher, Logically I think its due for a heavy handed correction. Just be vigilant people, I don't think anybody should be buying a lot of shares here. If you want to get in now, I would pyramid in if you cant wait, because a 50% correction is not only possible but likely. Notice the negative divergence the RSI has with the MACD, and the price action as well as the decreasing volume. She needs a rest. Let her catch her breath before you jump in
Love and Prosperity Everybody!
Love and Prosperity Everybody!