Ahhh… this article goes likely to 🐯 new theme… but a pity nobody reads it… sigh… 😮💨 @Tiger_comments , can you repost it under the Friday Tesla discussion or do I need to copy and paste over to share it with a wider audience? Tesla, to me, is built on a promise… or a dream. The valuation does not add up and that’s why whatever Elon Musk asks, retail investors blindly give. That is not what a good company with proper valuation should behave. A company with proper products or services will continue to do well even if a bad manager comes on board! Just look at $McDonald's(MCD)$ for a good comparison… mistakes were made, but the company lives on beyond the bad management. With such unstable foundation, it does not take much for bubble to pop… yes, it is a growing bubble in the making. Tesla is priced beyond perfection if you asked me. #Tesla YTD in Red Again!@Ah_Meng：$TSLL 20260116 13.43 PUT$ Quick share... I may be right... or wrong. For now, at least it looks like a double top from the chart point of view. Oh... obviously I am referring to the underlying principle stock, Tesla. Although have so far always been right about its trend direction, I have still been burned multiple times for my shorter time frame trades. Tesla is a volatile company with many Elon Musk's die hard fans, so naturally retail investors are buying up whenever corrections take place. For me, I simply trade trends... yes, it is still in an uptrend, so I am watching $390 closely. The immediate uptrend would broke if this mark doesn't hold. There is still time for confirmation. The immediate target 🎯 for this double top is around $350 after all. It's early days to have the cake and eat it too! Each on their own, if you want to take the conservative path, wait a little longer for confirmation of a downtrend setup before entering a position. It will be interesting to see how much money retail investors can throw money in... it's a simple preposition, buyers vs sellers. It does not mean throwing the towel early is bad. You could always scoop up once the downtrend is done with its time. Trend is your friend, trade the trend... we are not there yet. We will know at the end of the period if I am too early again [Facepalm] [Spurting] @Daily_Discussion @TigerStars @Tiger_comments @CaptainTiger
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