$Tesla Motors(TSLA)$I have a secret for Tesla stock holders. All the future growth and expansion is already priced into the stock and the price action tells me we are in distribution phase. Wild swings on the weekly chart within a 550-900 range.
What this tells me: Tesla will continue to waste everyone's time by hovering around the huge range i mentioned. At 550, there will be massive hoardes of new buyers and at 900 institutions will take profits. Likely will stay here for 2 more years until the valuations can catch up with the fundamentals. I expect a volume dryout and retail to lose interest in this stock pretty soon despite likes of youtube pumpers and Chief Pumping Officer Cathie Wood. Same goes for $ Palantir Technologies(PLTR) $. Maybe the same for $ SoFi Technologies(SOFI) $.
Get ready to baghold underperforming stocks next year guys. These have already been up massively and their performance is likely to slowdown in the coming years as well.
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