Several of the Mag 7 are getting over heated, so I like to look at the ones that haven't caught up.
Since I don't have a crystal ball, I must consider the bearish and bullish scenarios.
As an investor I must pivot accordingly as one of these scenarios gets invalidated.
So on my charts you'll always see both scenarios. Today I'm leaning towards the bull.
Tesla just needs a narrative shift (ie -new invention etc), & price action changes in a heart beat.
Yet, price action really has less to do with the news making Elon a hero, then a villain and then back and forth...but moreso to do with price action patterns that just keep repeating.
So if we don't get a dead cat bounce, I believe Tesla could eventually head towards it's ATH, if this bull market continues.
Since I don't have a crystal ball, I must consider the bearish and bullish scenarios.
As an investor I must pivot accordingly as one of these scenarios gets invalidated.
So on my charts you'll always see both scenarios. Today I'm leaning towards the bull.
Tesla just needs a narrative shift (ie -new invention etc), & price action changes in a heart beat.
Yet, price action really has less to do with the news making Elon a hero, then a villain and then back and forth...but moreso to do with price action patterns that just keep repeating.
So if we don't get a dead cat bounce, I believe Tesla could eventually head towards it's ATH, if this bull market continues.
May the trends be with you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
May the trends be with you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.