TSLA printing a nice wedge
This here is a really nice wedge that Tesla is printing. I think the stock will range now for most of the year.
Without Corona, I am very sure, we would be at prices of over 1000 USD now, but as it is, the stock must range and stabilize for a while.
Then, at the end of 2020, we will either see a large pump, or a dump, and the later pumps.
This will of course highly depend on the economic situation and how the Corona crisis will develop until then.
Knowing Tesla, I wouldn't be surprised if it would dump again, just to kill many shorters again, who will then short again like crazy.
Then, the ensuing rally to 1000+ will again, as always, totally destroy them, hahahaha. Every time again, just too funny to watch.
In any case, this wedge is an excellent opportunity to enter a longterm trade.
Without Corona, I am very sure, we would be at prices of over 1000 USD now, but as it is, the stock must range and stabilize for a while.
Then, at the end of 2020, we will either see a large pump, or a dump, and the later pumps.
This will of course highly depend on the economic situation and how the Corona crisis will develop until then.
Knowing Tesla, I wouldn't be surprised if it would dump again, just to kill many shorters again, who will then short again like crazy.
Then, the ensuing rally to 1000+ will again, as always, totally destroy them, hahahaha. Every time again, just too funny to watch.
In any case, this wedge is an excellent opportunity to enter a longterm trade.
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.