Near-Term TA: TSLA potentially in Overbought Zone or Taking Profit Zone!
$Tesla (TSLA.US)$ As per the Technical indicators, TSLA currently in Overbought Zone and higher volatility. Historically, it was up about 30-35% until it retrace back down. (Currently 45% up after earning announcement)
Based on my experience, this is pump and dump scheme similar to short squeeze. Because of high Volatility, the more TSLA fly high now, the more it will fall later.
My advice, don't sell or short here yet and wait for buyers to become exhausted just for one or two more days..
Based on my experience, this is pump and dump scheme similar to short squeeze. Because of high Volatility, the more TSLA fly high now, the more it will fall later.
My advice, don't sell or short here yet and wait for buyers to become exhausted just for one or two more days..
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I am still learning about how to trade stocks becuase I lost 80% of my Capital within three years mainly on FRC bank.
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