They are called "shorts". And they are doing most of the buying lately.
You had to cover your short and get long when TSLA stock didn't drop on Morgan Stanley Jonas lowered guidance a few weeks ago. Sentiment has turned bullish here again. This stock will rally on May 6 numbers...watch it go...TSLA almost can't produce a horrible enough report to take it down. The market doesn't care.....this all about "hope and pie in the ski 'the next APPLE stock BS"...it is a government subsidized, feel good, green cult stock and TSLA cult is still fully intact. I think TSLA is all smoke and mirrors but i also think that the shorts are getting squeezed and it is going much higher near term.
I see near term support at 217ish...I would love to add to my long position there today on a pullback after the open.. TSLA will test 226 by close Friday.
Look for a test very near term....today or tmrw, of 225$-226$ the 200 Day simple moving average. I expect TSLA to test this level and then back off a few bucks and make another bull flag consolidation for a few more days, before breaking thru this 226ish level probably on 30APR news...and run toward $240ish.
Shorts who are still short?...lol.........you must not be able to read a chart.
I'm loving riding this squeeze long...but I look forward to reshorting this scam stock at around $240ish...weeks from now.
The market has clearly signaled that it is time to cover TSLA shorts. Too many shorts here a brainwashed or braindead and about to get their esses handed to them.
Positive divergence on all momentum indicators on the daily chart. Breakout is imminent. TSLA has rallied up to 200 day ema resistance and made a text book bull flag. It is now about to breakout and head toward $240.
The most obvious "tell" was when Morgan Stanley Jonas significantly lowered his estimates for next Q...and the stock held up despite. This is a dead giveaway that TSLA can miss badly in May and will not be taken down. This junk stock is headed much higher from here and it can break north hard at any moment. next trip thru $213 equals enroute to $240.
Shorts here stayed short too long.