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TopgOptions
Oct 25, 2021 1:21 PM

TSLA to all time high today! Double TOP?? 

NASDAQ:TSLA3D
Tesla, Inc.NASDAQ

Description

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TSLA is up another 4% in the pre-market which will send the stock to all time high this morning.

But Ark Invest is was constantly selling TSLA shares during the past week and i think they will continue today.

For example, Friday they sold more than 80 000 shares for around 73mil usd.

Which makes me think this could be a double top formation with a retracement to 730usd levels as shown in the Fibonacci retracement tool.

I`m looking forward to read your opinion about it.




Trend AnalysisTechnical IndicatorsFundamental AnalysisTesla Motors (TSLA)teslaDouble TopelonmusktslashorttslaforecastteslamotorsteslashortSELL
Comments
LongShort2021
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I wonder who's buying in a such high price ? the market cap for TSLA is insane.
TopgOptions
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@LongShort2021, indeed! i`d rather buy BTC at all time high than TSLA!
LongShort2021
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@CryptoFundManager, thinking about this, you are really clever :)

BTC at all time high can crash, but it will end up printing higher high.
I don't think TSLA will have the same chance again, specially with German car manufacturers are in the game now :)
Heastyh
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Lol
LongShort2021
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@Heastyh, Think about it for long term ...
Heastyh
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@LongShort2021, I do, 10 years and further, cheap ass stock rn. We're just gambling on how many people get this. And lately more and more do.
rajivgomes
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seems like a breakout to me
TopgOptions
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@rajivgomes, another breakout? :)
rajivgomes
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@CryptoFundManager, tesla is like BTC unpredictable :)
Snapyou
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ARK has no choice but to sell as TSLA goes up to keep the fund balanced. You are correct, ARK will sell again as it continues to increase in same way they will buy when price drops.
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