Be wary of shorting Tesla just because it looks overbought... It has been overbought many times before but kept ripping.
Investors are keeping tesla at the gap range above the bottom green line. If it won't break to the downside, that only leaves one option...
Volume keeps rising for TSLA, and with many people both buying AND shorting, this could lead to a potential short squeeze.
Not AMC level squeeze, but maybe an extra +10% in the coming week or two.
As always, thank you for viewing. See you Monday.
Investors are keeping tesla at the gap range above the bottom green line. If it won't break to the downside, that only leaves one option...
Volume keeps rising for TSLA, and with many people both buying AND shorting, this could lead to a potential short squeeze.
Not AMC level squeeze, but maybe an extra +10% in the coming week or two.
As always, thank you for viewing. See you Monday.