TeslaLong
Tesla pullback soon, followed by next leg up in rally
This idea steams with Tesla pulling back from here and not immediately jumping to new ATH's. If so, then idea is invalid. Based on past trends, Tesla will pullback here. Pullback probably will be to under $500, but will rebound and allow for consolidation to occur between $450-$590. New short-term POC will form around $580-590. From here, once it breaks resistance, it should go straight up like it has the past 3 times. How high? No clue. Buy between $400-500 and then ride it to new ATH's. Stop Loss @ $390 because I have no idea how low it could go from there. I'll be watching general market sentiment to decide when to sell, in early 2021, if this comes to fruition.
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