Many people now see "Tesla" as the definition of a "Bubble". The same was true when Bitcoin spiked from 3k to 12k. However, was bitcoin done? No, because everyone knew "its a bubble", it meant that there is a lot more to come.
In the short-term I would expect Tesla to drop from $1200 or $1300 to about $700-600. The downside target might extend a bit to say 500-400, but at this point this seems very unlikely.
I would dare say that this could be interpreted as the Bitcoin pullback from 12k to 8k before making 20,000. It could be that after this move Tesla also pushes higher to $1500-$2000. However, for now let us focus on the opportunity for a pull-back and increasing our positions.
I am long Tesla since Q2 2018. I plan to increase for the last time and sell everything at 1.8k-2k per $TSLA
In the short-term I would expect Tesla to drop from $1200 or $1300 to about $700-600. The downside target might extend a bit to say 500-400, but at this point this seems very unlikely.
I would dare say that this could be interpreted as the Bitcoin pullback from 12k to 8k before making 20,000. It could be that after this move Tesla also pushes higher to $1500-$2000. However, for now let us focus on the opportunity for a pull-back and increasing our positions.
I am long Tesla since Q2 2018. I plan to increase for the last time and sell everything at 1.8k-2k per $TSLA