TSLA Coil Part 8 revised

Futures are down big so I revised the chart to include the bear scenario for the pennant formation.

The bear target would be around $800.....

TSLA doesn't always move with the market.... so who knows, I guess we find out tomorrow.

Kommentera:

As of right now, NDX is set to gap down more than 150 pts, but keep in mind that TSLA actually finished green on Friday when it went down 174 pts, so I wouldn't short TSLA just because the market is down....

I'd wait for another exhaustion gap before shorting, I'd consider going long for a day at $800.....

Kommentera:

Appears to be headed to $800.....

Trade stängt: målet nått:

.... and $800 it is...

The funny thing is that I figured the market had to go down today because TSLA had to go to $800. STayed all cash, but I guess I should have shorted something, lol. Especially since the market gapped up.

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The top may be in for this hilarious bubble stock....