Tesla Inc (TSLA)

[Long-vestor]

It's really much more simple. U have support confirm @ 400 now. Resistance is building the top of channel now.. Hit 400 area +/-.again U got double bottom pop, hit for three and ya got bear triple bottom, Up periscope. On that mark somewhere near 380 there's support resistance top or lower channel. support and resistance channel is older hence, supports and resistance has a longer term to play with when under 380-400. Less emotional by guiding where channels and other tools help discover the same zone within the channel or trend lay.

TESLA is a futures market, positive when sentiment 'emotions' 'feel' good otherwise, fundamentally unstable.

Your long term bet is no different than IBM was in 1950-60's. Yet some saw it and short timers, Not 'shorts' but impatient did not. Personally, I'm middle of the road on future but, sentiment obviously has a determined idea. As it stands now, the high this year is resistance. if the market gets just half a brain then it will be more cautious and play safe making a sideways channel avoiding the stupid hisgs. I.E. some where in current daily highs, supporting 400, or below. A sensible channel it can whipsaw within it, for quite a while.