TSLAI believe that the stock price of Tesla will plummet before February 2021 due to a few technical and fundamental factors, which are:
Trailing P/E ratio of 1,349.27
696.45% 52 week change, there's going to have to be a correction
Rising wedge on the weekly and daily timeframe
RSI overbought on the weekly and daily being a common occurrence
I believe that TSLA has only been bullish for so long because of hype and uneducated retail investors pumping the price
This is just another bubble that will burst very soon
Note
this is just my opinion, not advice :)
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.
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.