Tesla ($TSLA) Finds a Home; Finds a PlateauAfter a lot of HYPE (!) generated this morning and many projecting $TSLA to reach 1k/share within weeks, it seems far more likely it is settling into its "True Value." With bears roaming and hoping to snag it at March-like prices, it is becoming clear that will never happen: Meanwhile, this is also NOT about to shoot another 25 percent within two-weeks as many (HOLDERS) are hoping. Rather, with the market having an up day, we have seen $TSLA approach, reach, and then go back under 820/share throughout the afternoon (May 26).
This really seems to be establishing itself as a plateau, even if this window of observation is one of micro proportions. Last week, we disclosed that the bottom trough of TSLA was roughly in the 760-785 range, but now with the plateau at about 820, this is having all the makings of a longstanding, enduring mark. If TSLA is an attractive LT stock, pick it up now.
If one sees bigger gains to be made in other arenas, dump as well; re-up on TSLA before the calendar year concludes -- Despite many hopes, it is doubtful it reaches $1,000 per share over that span--- even with the economy due to make a massive up-tick in and of itself. This stock is now finally stable.
Previously today, we indicated that the "SHORT" was "in play." It still is. But that does not mean there are "MASSIVE" gains to be made from it. Then again -- gains are gains, no?
