The chart of Tesla is sort of forming a head and shoulder pattern. The stock has rallied more than 365% this year. I see a big correction coming up soon. This rally we are seen in the stock has nothing to do with the fundamentals. In my humble opinion, this rally we have seen recently is nothing other than a short squeeze to force the short sellers to recover their position. I just took short position in the stock yesterday because I'm predicting a top at this level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.