TSLA - Good Night Now!
TSLA is up 145% this year including an after hours $15 surge on a deal with GM for GM to use their charging protocol and superchargers. Up 10 days in a row and nearly $100 in six weeks, literally nothing has changed at the company. Margins getting squeezed and demand waining as there is inventory build everywhere. I'm not calling a top here but the facts are the facts and Tesla is the most stretched it's been in a long while. China and European market share falling...the stock should probably follow. Stock is facing its long term downtrend, its rising wedge resistance and critical overhead resistance. Overbought on most timeframes except weekly. I expect a correction soon.
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