Love TSLA, but $5k may take longer than most are prepared for
A lot of people have been caught off guard by Tesla's massive rally, but one look at the historical chart shows you that TSLA has done this before: In March 2013 it took off on a +600% rally, most of which was gained in 3-4 months. Strikingly similar fractal to the current run.
Now we are hearing calls for TSLA to hit $3k, $4k, $5k coming soon. But what most people may not be ready for: if this fractal to 2014 continues playing out, we are looking at almost 5 years of sideways before the next massive run up to the $5k area.
I love TSLA and have held from 2019, but not overly optimistic on the near-term or even mid-term gain potential.
Now we are hearing calls for TSLA to hit $3k, $4k, $5k coming soon. But what most people may not be ready for: if this fractal to 2014 continues playing out, we are looking at almost 5 years of sideways before the next massive run up to the $5k area.
I love TSLA and have held from 2019, but not overly optimistic on the near-term or even mid-term gain potential.