Let's review the most recent price patterns of Tesla:
Tesla has moved in an upward regression channel since May 2021, but with a very lower volume in comparison to March 2020- February 2021.
Stagnation in the upper part of the channel (blue) is a clear sign of weakness in the bull side to push the price higher. The past 3 stagnation patterns followed by a 5.5-7% sharp drop!
I believe this trading pattern is a clear Quantitative Manipulation of the market to make benefit in the Options!
These 5.5-7% drops could make 100-300% gains in 2-3 days if detected correctly! (I traded 2 o3)
Tesla Stock enthusiasts should watch Elon Musk's CodeOn interview!
Elon Musk said: " Stocks do not always go up, they go down" then said " Stock prices are too high" and finally he said he has a large block of tesla options that he wants to sell in Q4 because they are going to expire early next year!
But the key sentence IMO is when Elon Musk said: " I was the first in and will be the last out".(link is provided at the bottom of the article)
If you put these words together with the news that recently came out that Chamath Palihapitiya says he sold his Tesla stake to fund other investments! and the everyday news of selling Tesla by ARK invest, it wont be hard to calculate what is coming for Tesla stock in the next few months!
Looking at Kimbal Musk's (Elon's younger brother) Tesla trade when he sold at 856 on February 8th, 2021, just one day before 37% crash in 17 days, is also interesting.!
Is Tesla's price constantly manipulated and do some people know what is going to happen in the near future?
or
It is just a coincidence?
Links:
https://www.youtube.com/watch?v=sy34z5wT5aM
https://youtu.be/MGonhdN3Rfs
Tesla has moved in an upward regression channel since May 2021, but with a very lower volume in comparison to March 2020- February 2021.
Stagnation in the upper part of the channel (blue) is a clear sign of weakness in the bull side to push the price higher. The past 3 stagnation patterns followed by a 5.5-7% sharp drop!
I believe this trading pattern is a clear Quantitative Manipulation of the market to make benefit in the Options!
These 5.5-7% drops could make 100-300% gains in 2-3 days if detected correctly! (I traded 2 o3)
Tesla Stock enthusiasts should watch Elon Musk's CodeOn interview!
Elon Musk said: " Stocks do not always go up, they go down" then said " Stock prices are too high" and finally he said he has a large block of tesla options that he wants to sell in Q4 because they are going to expire early next year!
But the key sentence IMO is when Elon Musk said: " I was the first in and will be the last out".(link is provided at the bottom of the article)
If you put these words together with the news that recently came out that Chamath Palihapitiya says he sold his Tesla stake to fund other investments! and the everyday news of selling Tesla by ARK invest, it wont be hard to calculate what is coming for Tesla stock in the next few months!
Looking at Kimbal Musk's (Elon's younger brother) Tesla trade when he sold at 856 on February 8th, 2021, just one day before 37% crash in 17 days, is also interesting.!
Is Tesla's price constantly manipulated and do some people know what is going to happen in the near future?
or
It is just a coincidence?
Links:
https://www.youtube.com/watch?v=sy34z5wT5aM
https://youtu.be/MGonhdN3Rfs
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.