I think we know where this is headed...
The chart speaks for itself.
Tesla is a great company, to the moon or whatever, but realistically economic growth is going to slow over the next year and into early 2023. The whole market runs in cycles, we cannot expect TSLA to climb in a straight line forever. It had a good run over the past month (AND 2 YEARS) but now it's time to regress. Selling now and buying back later is a good idea, you can't time the market of course but you can definitely buy it at a discount price than todays one. It's going to drop more. Retail Investors have been paying a huge premium and arguing the fact that it's because of "huge future growth" while they could consider averaging down or waiting till it reverts back to the 200EMA or nearest.
Entry - $1080-1150
TP - $600-700
Consider long around $400-500
Not financial advise, just
TSLAcommon sense...
Tesla is a great company, to the moon or whatever, but realistically economic growth is going to slow over the next year and into early 2023. The whole market runs in cycles, we cannot expect TSLA to climb in a straight line forever. It had a good run over the past month (AND 2 YEARS) but now it's time to regress. Selling now and buying back later is a good idea, you can't time the market of course but you can definitely buy it at a discount price than todays one. It's going to drop more. Retail Investors have been paying a huge premium and arguing the fact that it's because of "huge future growth" while they could consider averaging down or waiting till it reverts back to the 200EMA or nearest.
Entry - $1080-1150
TP - $600-700
Consider long around $400-500
Not financial advise, just
TSLAcommon sense...
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