TESLA Short

Similar to other stocks, Tesla has experienced a strong recovery since the beginning of the year, with its value doubled. However, with its current trading price at 208, the question of whether its upward momentum will continue arises. Despite the considerable optimism exhibited in the early part of the year, a return to grounded expectations suggests that there are no fundamental reasons to support continued growth.

From a technical perspective, the current trading zone represents a formidable resistance level, with profit-taking expected to impose a ceiling on further gains. A 100% increase in value within two months is a significant return on investment. Therefore, it is my professional opinion that Tesla's price trajectory will revert downwards, with a higher likelihood of dropping to 150 than rising to 250.