Its not that it can’t go higher from here, and it may still do that, its just that the price pattern casts a major cloud over that assertion. The stock is losing momentum trying to make new highs, and quickly after doing so, it experiences a sell-off.
So watch-out – the risk is clming in this stock, and be careful that you are not the bagholder at the end of the day.
Here’s the TSLA technical analysis:
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