Tesla news everywhere last week with their stock price smashing through 2000.
Will it keep going up I read?
Shall I buy now?
Is it too late to jump in now?
Who know.... nobody knows.
But to me, as soon as the news starts talking about it the fear and greed scenario could kick in - just like BTC at 20k?
The people late to the party will jump in and then...
Tesla stock is currently under its 200MA on the weekly chart, trend line keeps the stock in a uptrend. 2 Yellow zones for targets as we go towards 2019. 20 & 50MA are acting as resistance and stock is currently trading in-between 20 & 50MA and 200MA.
As the price is dipping down to test historic resistance levels, and RSI is very low, I expect a quick bullish reaction and the previous gap to be filled in the next day or two.
Like this idea if you agree with me.