Tesla Squeezed As It Heads For Its Trendline Underbelly!

Published 03/23/2022, 12:27 AM
Updated 07/09/2023, 06:31 AM

They were squeezing the bejesus out of Tesla (NASDAQ:TSLA). I’m not sure if there was specific news except for Elon’s pledge to "super-size" the company. Take note that TSLA has gone up 33% in the span of a couple of weeks.

Tesla Chart

Let’s take a big step back, however; take a look at the broken trendline. What was this surge doing? Why, bringing it back to the underbelly of the trendline! It isn’t quite there yet, but pooping at around the psychologically-important $1,000 level smelled about right. I’m guessing this verve could bleed into Wednesday's session as well.

Tesla Trend Line Chart

Here is an even longer-term view.

Tesla Chart

And I know that no one bothers with fundamentals anymore, but just for laughs:

Tesla Summary Page

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