Tesla - Perhaps the most watched trendline in financial markets

٧ مايو ٢٠٢١Retail traders have been primarily momentum and trend based, so with this in mind, lets keep it simple and look at the longer-term uptrend and assess price action around this support in the near-term. Perhaps Musk can pull it out of the bag and promote a resumption of the bull trend, but the headwinds are growing and if they lose the momo crowd, the shorts could have a far better time of it. Trend breaks don’t always lead to collapses, but if they lose retail then the bid may dry up and buying puts could become a lot more expensive.