The run that Tesla (TSLA) stock has had in the past month is one of the biggest I have seen in the market over a couple decades.
BUT TODAY....WOW.
Rocket Ship Candle
What to do next?
Here's my thing. If you own Tesla stock - what do you do after this run and that candle???
Do you take profits?
Do you hold on to see if the ride continues?
I'm sad to saw I sold whatever extra shares I had back at $430....after more than doubling my purchase price, guess I should have waited fro a quadruple :-p
Much of the move is believed to be a short squeeze, with the short interest high at the beginning of this move the shorts got squeezed like a lemon and today's candle may be the capitulation.
Granted there were catalysts as Tesla reported better than expected earnings and production, which sparked enough to put the short sellers on notice.
There is one thing we can be sure of - whoever was holding a large short position got REKT!
Posted via Steemleo