$Tesla Motors(TSLA)$ A lot of people trying to call the TSLA top. We are 48% above the 10-week, and by most measures getting a bit 'irrational'.... but we also are just breaking out of a multi-year base.
No long-term trend exists without pullbacks, and it is TSLA's personality to have aggressive shakeouts, but also continue to grind higher - especially out of multi-year consolidations. My position as of today is +120% which gives me a lot of cushion to allow it to work and not interfere in most cases.
Are we near a top? Maybe.
Did the long-term trend just officially start? Maybe.
Theres no way to know but with a cushion in a leader like this I will try to give it the room it needs to breathe. It's not going to go straight up, some days will be hard to sit through, but as long as this uptrend is intact, aggressive pullbacks may also allow me to add to the position.
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