Now that we've broken out of our Flag Pattern that we were in I expect over the next 3 days to Retest our recent previous high at $217. If Investor sentiment is crazy enough we could punch through to $222 but I definitely expect a pull back before the weekend. After Hours Trading now closed and we're at $209.10....
Comment:
Baron's put out a statement late yesterday that I just saw saying Investor Sentiment will Push Tesla Higher the next couple of days but Wall Street Expects them to Fall. Like I said, look for a top and take some profits. After that statement it's likely to have put a damper on the potential rise. I only have 200 shares and I am just learning how easy it is to pull the trigger at strategic points. A 5 cent move in Tesla pays the trade commission. Tesla's volatility almost guarantees after an $8-15 rise that they will retrace many times 100%. I will be adding a SHORTING component to my account so that I can profit both ways. That can't happen fast enough. : )