$Tesla (TSLA.US)$ Tesla is only a stone throw away from the ...
Will we hit that by Friday? Like I said, there is almost no doubt it will. The bull rally has just been so strong all the shorts on tesla has been burning money.
However the real question would be after 1243 fibonacci, will it trigger a sell off / take profit point or continue marching higher towards 1300s fibonacci because tesla do not have many strong support below the 1200 range and it will be risky to chase this high of tesla.
But as always, remember to trade safe & invest wise!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Search Investing 101 channel for my YouTube! Subscribe to stay ahead of the market with my weekly videos!
12KFollowers
7Following
79KVisitors
Follow
orangeberry : You mean after hit 1243, we can take profit and have a rest?
Investing 101 OP orangeberry : That depends if you are a trader or investor. Traders will be looking to take profit soon. Higher risk ones will try wait till 1300s range. Buy back in when it pulls back.
Investors will hold and buy more or what you call DCA in during pullbacks.
TeslaBull999 : Don’t forget Friday options expiry in place too
Investing 101 OP TeslaBull999 : Yes options are usually contrarian. So if lots of calls. Usually it won't close at that price. It will close below the huge open interest strike as the big players looking to make the options expire out of the money.