TSLA - Fanboys Not Sweating Just Yet 😅😮TSLA
Fanboys were cheering the recent earnings pump with positive news...
I even received a message from a friend.
He drives a Tesla btw 😅.
But TSLA is playing the slippery slope game here.
And what type of slope will it be 🤔.
It could of course just shallow out here and hold.
But for as long as it keeps slipping, the probability increases that the earnings high was actually a major pivot.
If markets become bearish then perhaps that pivot was a wave 2 completion in a higher time frame ABC from ATH.
We'll see but as you know I have had a deep target of $ client only for some time.
Psychologically I think it may happen because TSLA is a fanboy hype stock and there will be plenty of dumb money that have metaphorically lubed themselves up by putting plenty of cash on the line 😮.
Either way I dont want to buy TSLA up here...
Not advice