Nasdaq off fresh all time highs today and a freak move into the close. Should the Q's continue or not I'd imagine Tesla will start moving with it more in line again.
There are too many downside gaps to count going back years and years so I'm not gonna bear up here because they've been unfilled for years.
Mainly looking at YTD gaps and the more recent the gap the more likely it can quickly move to fill them before breaking down for consolidation/correction.
Gap from 5/19 has been ignored for a few weeks, shorts have gotta be feeling frustrated that the daily support would not break. A quick dump at the open IMO could bring bears off the sidelines and evoke some emotions on both sides.
Look for more upside here though, I wouldn't bet against the ticker.
Targets are laid out on the chart. Use a stop if you must, if not set a price alert and and have an exit plan. Position sizing and risk management is always the key, flip a coin for everything else.
There are too many downside gaps to count going back years and years so I'm not gonna bear up here because they've been unfilled for years.
Mainly looking at YTD gaps and the more recent the gap the more likely it can quickly move to fill them before breaking down for consolidation/correction.
Gap from 5/19 has been ignored for a few weeks, shorts have gotta be feeling frustrated that the daily support would not break. A quick dump at the open IMO could bring bears off the sidelines and evoke some emotions on both sides.
Look for more upside here though, I wouldn't bet against the ticker.
Targets are laid out on the chart. Use a stop if you must, if not set a price alert and and have an exit plan. Position sizing and risk management is always the key, flip a coin for everything else.