TSLA jumped up at an incredible rate. 12% in just a few days of trading.
This is quite outstanding if we factor in the fact that the company fired quite some people to keep up with costs and the fact that it never hit a profit in its entire lifespan.
Now, this is definitely a puzzling company for me. I find it crazy that a company with such financials is still traded at 350$/share, just a few bucks away from its ATH.
I think that now we are close to a turning point. The price is approaching the same level that has been rejected 3 times (triple top) during the last months.
360$ proved to be quite a psycological barrier to break hence I would expect a reversal at this point. Anyway, the hype around such a company mess up probabilities.
***Not a trading advice, merely my idea for educational and informational purposes only***
This is quite outstanding if we factor in the fact that the company fired quite some people to keep up with costs and the fact that it never hit a profit in its entire lifespan.
Now, this is definitely a puzzling company for me. I find it crazy that a company with such financials is still traded at 350$/share, just a few bucks away from its ATH.
I think that now we are close to a turning point. The price is approaching the same level that has been rejected 3 times (triple top) during the last months.
360$ proved to be quite a psycological barrier to break hence I would expect a reversal at this point. Anyway, the hype around such a company mess up probabilities.
***Not a trading advice, merely my idea for educational and informational purposes only***
