TSLA where to next? retracement at 650+ or pullback retrace 600
where will tesla go next? retracement zone at 600-650, and 650-700. Could also break above 700 and trend higher but with stimulus checks falling through I doubt it will spike. We're just hoping it doesn't sell off come monday dec 21 aka sp500 inclusion date.
My take is this. Tesla has spiked up rapidly due to the index buy up. come monday all the short term traders will dump their positions. massive selloff possible, with a correction upward possible when the long traders see a bargain post sell off. trade accordingly. good luck.
My take is this. Tesla has spiked up rapidly due to the index buy up. come monday all the short term traders will dump their positions. massive selloff possible, with a correction upward possible when the long traders see a bargain post sell off. trade accordingly. good luck.
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