Long Term Ascending Triangle but Watch that Support!
It's tough to imagine being anything but long-term bullish on Tesla.
There's strong resistance at $400. May consider buying more if it ever breaks, but with the recent news that Tesla will remain public, it could be a while before that happens. Until then, I may buy on dips, but don't expect any huge short term gains. I'm in it for the Tesla mission. However there's always that chance that it breaks early and we can start talking about TSLA at $4000 in a few years. The only reason we're not seeing exponential growth already, is because fossil fuel shorts. They don't care if they lose money shorting Tesla. As long as they get to keep their pundits in the media, spreading FUD, their mission is accomplished. They know their days are numbered, but they're still cashing in while they can at everyone else's expense. If you're smart, you can see through the bullshit and noise.
Will be keeping a close eye on that ~$290 support. If it breaks below in a big way, that will become the new resistance. If that happens, the planet loses, we all lose.
There's strong resistance at $400. May consider buying more if it ever breaks, but with the recent news that Tesla will remain public, it could be a while before that happens. Until then, I may buy on dips, but don't expect any huge short term gains. I'm in it for the Tesla mission. However there's always that chance that it breaks early and we can start talking about TSLA at $4000 in a few years. The only reason we're not seeing exponential growth already, is because fossil fuel shorts. They don't care if they lose money shorting Tesla. As long as they get to keep their pundits in the media, spreading FUD, their mission is accomplished. They know their days are numbered, but they're still cashing in while they can at everyone else's expense. If you're smart, you can see through the bullshit and noise.
Will be keeping a close eye on that ~$290 support. If it breaks below in a big way, that will become the new resistance. If that happens, the planet loses, we all lose.
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