Watch for this parallel lines the price hints. We can the price well maintained under the pressure within two parallel lines but with the bubble price broke the resistance line and boomed. With hard fall in price after COVID tensions we can see a respect happened on the Upper parallel line and it formed as support by now. I expect price will continue its break through back to the parallel lines while having a failed attempt to break it earlier
Good Morning, I love Tesla...I have a lot of holdings here and have made a lot of money with Tesla in the past 30 days in both long and short positions. The market still has not figured in the severity of the Coronavirus into pricing...there are barely any earnings at the moment...the stimulus plan will do little for this industry and the last thing people are thinking about is buying a car. This stock will without a doubt be in the $400's and may dip into the $300's this coming week. I'll short these until we play out a better bottom and then take more long positions when this stock establishes a bottom with this showing signs of being virus under control. Until then I will, short, short, short...Be Safe...Trade Cautiously...Cheers!