An unsustainable rally is just that. As numbers come out in the next 2 quarters, tsla may get demolished. Especially over the next few years. The fib levels look to be aligned with previous consolidation levels. I will be laughing my ass off if all the 'professional' analysts like adam jonas change their price targets down just as fast as up.
It looks like the bearish div on the weekly is coming to fruition. We have a nastly weekly candle forming with a bearish engulfing and something like a shooting star. Late-to-the-party longs deserve to get rekt at this point, quite honestly.
It looks like the bearish div on the weekly is coming to fruition. We have a nastly weekly candle forming with a bearish engulfing and something like a shooting star. Late-to-the-party longs deserve to get rekt at this point, quite honestly.
Comment:
next stop around 300, where there should be strong support. Bounce from there to ~340 just cause fib levels, then crash again to 165. If it smashes thru 300ish...look out, it'll go straight down to 150 maybe even lower. Gamma squeeze up, gamma squeeze down