Constant fluctuations are the sign of the beginning of a reverse trend. The downward fluctuations on the uptrend index always shows the change in the sentiments of the traders. These changes might be caused by many reasons. Moat important can be the correction(or sell-off) caused by the long position holders(organizations or firms). These are the holders which can own around 50% of company's stock. For example currently, the institutional holding of tesla stock is around 43.22%(might have changed in this quarter).
These long term investors can invest in the stock for as long as 10-20 years. Depending on the circumstances. However during the peak or the reverse tre...