TSLA
Fanboys were cheering the recent earnings pump with positive news...
I even received a message from a friend.
He drives a Tesla btw ð .
But TSLA is playing the slippery slope game here.
And what type of slope will it be ðĪ.
It could of course just shallow out here and hold.
But for as long as it keeps slipping, the probability increases that the earnings high was actually a major pivot.
If markets become bearish then perhaps that pivot was a wave 2 completion in a higher time frame ABC from ATH.
We'll see but as you know I have had a deep target of $client only for some time.
Psychologically I think it may happen because TSLA is a fanboy hype stock and there will be plenty of dumb money that have metaphorically lubed themselves up by putting plenty of cash on the line ðŪ.
Either way I dont want to buy TSLA up here...
Not advice
Fanboys were cheering the recent earnings pump with positive news...
I even received a message from a friend.
He drives a Tesla btw ð .
But TSLA is playing the slippery slope game here.
And what type of slope will it be ðĪ.
It could of course just shallow out here and hold.
But for as long as it keeps slipping, the probability increases that the earnings high was actually a major pivot.
If markets become bearish then perhaps that pivot was a wave 2 completion in a higher time frame ABC from ATH.
We'll see but as you know I have had a deep target of $client only for some time.
Psychologically I think it may happen because TSLA is a fanboy hype stock and there will be plenty of dumb money that have metaphorically lubed themselves up by putting plenty of cash on the line ðŪ.
Either way I dont want to buy TSLA up here...
Not advice
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Part 1 video uploaded 9 June.
Is the bond market / FED pivot going to rock stocks and crypto ð?
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Is the bond market / FED pivot going to rock stocks and crypto ð?
Crypto focus video coming soonðž.
Telegram Group: $50 per month ððŧ.
Contact: t.me/dRends35
Post CPI volatility has been very useful to see what is hot and what is not.
Notice the disparity between the Nasdaq which pumped after a gap up today...
And TSLA that has a sitting-duck look about it.
The indexes may go higher but they are all odds on to re-test the previous ATH; especially after the April sell off was so deep.
If that does happen then TSLA may drop like a rock ðĪĻ.