Sure the recent earnings were 'good', but this price is unsustainable in my opinion.
If TSLA is really now eligible to be added to the S&P500 Index, would hedge funds and investment firms really buy it at ATH?
Me thinks no.
Fire sale it and trap the longs for a few weeks before loading up and getting a good entry for the next run.
What would you do if you had $10B that you wanted to enter with, would you buy at a premium? Or would you wait for a discount?
Where are the majority buy limit orders at?
Breakout > Fake-out > Breakdown...
When retail was FOMO buying AH on the earnings release, who was selling?
If TSLA is really now eligible to be added to the S&P500 Index, would hedge funds and investment firms really buy it at ATH?
Me thinks no.
Fire sale it and trap the longs for a few weeks before loading up and getting a good entry for the next run.
What would you do if you had $10B that you wanted to enter with, would you buy at a premium? Or would you wait for a discount?
Where are the majority buy limit orders at?
Breakout > Fake-out > Breakdown...
When retail was FOMO buying AH on the earnings release, who was selling?
Commento:
Decent pump today, possibly BTD'ers and a continued short squeeze will send this higher.
Ordine annullato:
I was unsuccessful on my target with this trade idea.
Let's see if there's more juice to be squeezed.