The last pull back in Tesla stock went to the 200 daily MA today 200 MA is around $850 which is nearing the previous all time high. Looking at the chart on a log scale interesting to see Tesla is approaching the 3.618 Fib level. Sentiment seems to indicate that price will keep going up. Can this actually pass the 4.236 FIb level. At this price i'm just an amused spectator. I would not go short or long on this. Shorts to likely to get liquidated. Long I see no rational reason for this price. Since TA is about odds not certainty. I'd say these odds are not worth playing.
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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.