Extremely overbought after blowing off the all time highs on news of a 100k Hertz Tesla deal, we have seen a few days of consolidation and over the weekend some extremely troublesome tweets from the owner and founder Elong Musk.
He tweeted, Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. then a poll which is winning the sell 10% atm he says he will do.
We wills see what sort of impact this will have on the stock at open but this is a huge amount of stock to sold at already overbought prices.
Trading might be very sharp though so use take profits at supports or you might blink and they gone.
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He tweeted, Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. then a poll which is winning the sell 10% atm he says he will do.
We wills see what sort of impact this will have on the stock at open but this is a huge amount of stock to sold at already overbought prices.
Trading might be very sharp though so use take profits at supports or you might blink and they gone.
“Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
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