Tesla will no longer be included on the S&P 500 - or at least failed to make entry when 2 other stocks were allowed last month. This company is so incredibly overvalued, this is known by everyone, all I can say is this pullback looks like a TEXTBOOK A-B-C corrective wave. Various price points to watch for are a double bottom around the $340 zone or a steep correction to even the $230-$240 zone. Time will tell as always.
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Present Minute-Wave Count for TSLA -
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SHORT IS NOW ACTIVE @ $436 per share.
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Just an update too everyone, I will wait and see tomorrow's price action around the $450 level before pulling my short, Battery day hype may continue this upswing, but I'm still not fully convinced.
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Short will remain in place, waiting for RSI to dump below 50 for confirmation, but given the amount of volume we're seeing with lack of price action, I'd say here is a decent area where we'll see a pullback down to the $380 range.
Short will remain in place, waiting for RSI to dump below 50 for confirmation, but given the amount of volume we're seeing with lack of price action, I'd say here is a decent area where we'll see a pullback down to the $380 range.
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Short is now up 10% - Long term swing, price target is around the $250 zone.
Official price point of invalidation is 437 (0.618 of the most recent move down)
My guess is we're seeing a mini blow-off in after hours that may continue into pre-market tomorrow.
shortsqueeze.com/?symbol=tsl...
Short interest is building fast to the bear's side.