Tesla Retrace
I incorrectly thought that TSLA would continue down for this is nothing more than a speculative stock. My logic was not correct and basic quant stuff proves that. All gaps fill to some degree and this one filled completely which I did not expect.
When TSLA does finally come down to a fair value, there will be a mad rush for the door and the sheer size of people selling will send this thing in a tail dive. It is possible that the 10% drop included a sizable amount of profit taking as TSLA has been being bought for a long time.
When TSLA does finally come down to a fair value, there will be a mad rush for the door and the sheer size of people selling will send this thing in a tail dive. It is possible that the 10% drop included a sizable amount of profit taking as TSLA has been being bought for a long time.
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