Is Tesla Stock in a bubble: Tesla stock resembles the bitcoin bubble of 2017. This may be a good area to lock in some profits at least. See the chart below.
I had previously warned about the bubble building up back in July 2020 on twitter.
See below for a bigger screenshot of my tweet.
I stated that the Tesla Bubble will kick in after one last up move after earnings.
Now I believe we are reaching the peak bubble point between $2000- $2200, followed by a fall of at least 30%.
But as always, please do your own research.
Stock Screeners Used
- TrendSpider Technical Analysis scanner and charting software.
I have created many personal technical scans to find stocks in play. - Tradingview Fundamental stock screener (basic TA) and charting. I have also created many fundamental scans to find quality stocks.
- Trade Ideas Best Intraday high volume scanner and charts.
See how I use intraday high volume scans to find great trades early.
Read the Reviews of all the above stock screeners.
See more Trade Ideas Here
These are NOT stock tips. Please note these are just trade ideas that I may, or may not take. It just helps me to focus by writing them down. I also do not give exits as I have various readers from Day Traders to long term Investors. Each of you have to do your own research, and use your own exits that suit your style of trading.
Disclaimer: This information is for educational purposes only, and NOT a trade recommendation. these are just trade ideas that require more due diligence and research on your part. I may or may not take the trades myself.
