$Tesla Motors(TSLA)$ has broken $200 as predicted 3 days ago. The buyers have been completely exhausted. There is little to no force on the upside. Hence the probability is now very strong that TSLA continues its slide downwards.
The next few days may see slight bounces. But unless there is major positive catalyst, the stock will slowly bleed. Investors need to manage bleeding stocks well. With constant minorv olatility, it is more difficult to gauge the probability and direction of the stock well. More frequent trading more result in more losses. Yet staying still is not idea either because the stock just keeps going downwards.
This has happened before even after Elon has sold off all his shares to purchase Twitter, yet the stock continued to slide because investors could not clearly see the road ahead. This happened even when the broader market is rallying. Yesterday was a perfect example of this phenomenon.
Investors be ultra mindful and brace for impact. //@ZenInv:I wrote a week ago that the general momentum of $Tesla Motors(TSLA)$ is bearish. I wrote that if the $212 support is broken, the probability to the downside is higher than the upside.


Over the past week, the buyers and sellers were undecided. The crash to $202 came back up to a higher of $222. And yesterday the break downwards of $212 was clear. Yet the premarket today is heading back up at $209. This is likely a slight market bounce over the disappointing result of Google and Facebook two daya ago to today’s cheering of Amazon and Intel. As I wrote last week, continue to watch the biggest stocks as the market now almost mirrors their movements.


TSLA cannot fight the macro environment. In fact, watch too the sales of the other OEMs. The industry is in a downward trend, not only ICE brands. If Elon is to be trusted, then his pessimistic views should be taken more seriously than his optimistic views.