TSLA D1: PARABOLIC TOP /// 1000% gains /// NOW 90% losses (NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
๐ธ Summary and potential trade setup ::: US/Global stock markets are maxed out ::: 40%+ correction possible/likely from here ::: details: review my SPX/NDX trade setups ::: TSLA gone parabolic in 2020 ::: 1000% gains in 2020 ::: TSLA is TOPPED OUT already ::: distribution at the top in progress ::: 4 accumulation bases and now maxed out ::: angle of attack is not sustainable ::: went from normal uptrend (yellow) to ::: steep slope uptrend (orange) ::: finally gone full parabolic (red) ::: expecting up to 90% correction off highs ::: TSLA market cap exceeds FORD + GMC ::: this bubble is going to BURST SOON ::: TSLA fair value is 100 USD / share ::: 90% correction over next 12 months ::: when there's GREED there's also PAIN ::: good luck traders ๐ธ Supply/Demand Zones ::: N/A ::: N/A ๐ธ Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARS
Everyone who missed out on this crazy rally hopes for a large correction, but itโs not going to happen. Not yet at least. If you want to make money go long at current levels. Blow of top will be accompanied by volatility with huge % swings on hourly/daily charts. That would be a โFOMO phaseโ, then close out long position and get popcorn ready. Also, we will never see $100 price tag (split adjusted), that ship sailed in 2020.
suitableDealer23325
โ
Rubbish
ProjectSyndicate
โ
@suitableDealer23325, yes. they will be also looking for janitors at walmart. )))
abel11
โ
here is my short term analysis of tesla. i think its bullish short term and here is why
Kovinko
โ
In my humble opinion, the final steep target of about 950-1000$ per share can be expected followed by painful sobering up in this bubble-rally market (exactly what you expected but slightly delayed). Joe Biden promised a new stimulus, fresh worthless money pumps market again strengthening detachment from reality.
wordsforthewise
โ
@Kovinko, can they actually pass the stim is the question. Repubs may block it in the senate
vychod
โ
@wordsforthewise, Republicans are not able block Biden law acts - in the Senate are 50:50 senators - in that case the main vote is vice-president Kamala vote.
wordsforthewise
โ
@vychod, yeah I read more about it -- anything fiscal will get passed. Anything non-fiscal (e.g. foreclosure moratorium, if that needs to be passed) cannot be passed easily.