Tesla picking up Big money demand

Apr 14

Tesla appears to be setting up for a short squeeze. Bears may find themselves in trouble as the stock could break above the resistance line typically observed among retail investors. This breakout might prompt some bears to exit their positions and lure in breakout longs. However, the price is likely to retreat below the trend line, enticing more bears to enter short positions. Once the breakout longs are stopped out, the price may rally above the previous high, catching bears off guard once again. Notably, major bears who have sold during rallies up to $185 likely have their stop-loss orders just above, as indicated by the green box. The price is expected to sweep through this liquidity, attracting more long positions from institutional investors. The next target is just above the zone around $200.