Narrative wise I think if we have a pause tomorrow, we may not see a meaningful move until July earnings. Likelihood of gap up to 270 then 306ish is quite high imho
ChronicCody
⋅
I was bearish too but stochastic has already maxed and its still going. Am going long with tight stops until it obviously reverses.
A5gamakatsu
⋅
@ChronicCody, Not a bad plan, I think when it reverses will be violent. I am only shorting small percentage of profit from my tesla longs from 150$.
A5gamakatsu
⋅
Also target of the cup and handle is around $300 just havent seen one of those reach target in a long timee.
phan88
⋅
After 13 consecutive days of gains and closing at high, most bears gave given up. Probably gap down tomorrow. Still believe we are in a B wave which can be very strong and feel like a new bull cycle. Don’t see TSLA replicating performance of COVID era of easy money so I don’t expect new all time highs. Competition will get stiffer and margins will continue to shrink as EV market matures.