Disclaimer: Whatever I say or post doesn't act as financial advice, so please do your own due diligence before making any decision.
I personally do not own or trade TSLA because it is too news driven and pretty much depend on what Elon Musk post on X first thing in the morning (which is own by him now too btw, so there might be certain lvl of bias).
However, in the midst of chasing for the high, have you look on the flip side of the coin and protect your downside? What if the big sharks decide to dump TSLA stocks because they think that the price is too high? Have you set your stop loss target?
These are all questions you should ask yourself before you go chase the hype.
So from my TA perspective, TSLA is at a speculative zone right now as it shoots above its regression line. And all the indicators show that it might cut back soon. So I will not recommend to enter now at such a high valuation price. [Tongue]
@madluvyz - Specialist in using TA to sell options and swing trade.
Comments
Great analysis! Is Tesla a long term hold? I think it will reach 400 next year