TSLA - Not FOMOing in any time soon!TSLA looking hella toppy right now.
Has not passed it's former high @ roughly $950
RSI approaching overbought territory.
This is a stock that is realistically attracting investors who are driven by profit and you can see the sell-offs causing massive price fluctuations of over 50%, therefore better to be careful considering the current market conditions.
No reason to be bullish at all unless we get to our all-time high again in which I would say is not likely at this moment.
I would expect traders to be even more driven by profit-taking considering the amount of blood and volatility in the market right now.
This is a very popular stock at the moment and I would rather have a buy the dip approach. Tremendous opportunity in TSLA considering the large swings.
I could see much cheaper prices ahead of us as people continue to take profits at this range. We could go as high as $820 and I still wouldnt change my sentiment.
If we close daily candle bodies above the $820 I would only then reconsider my strategy.
