I have wanted to short TSLA for a long time, but its chart looks like a setup for potential squeeze | Jellystone Message Board Posts


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Msg  1206039 of 1206611  at  1/14/2022 8:49:22 PM  by

theXman


I have wanted to short TSLA for a long time, but its chart looks like a setup for potential squeeze in coming months

 I strongly believe that the overall stock market is in a peaking process. Some high valuation stocks are already in bear market for a while, for example ZM (Zoom). Even the FAANG have started rolling over. However, the ridiculously high TSLA seems to be building a base. Several of my favorite traders have openly stated that they were shorting or had been shorting after covering earlier shorts. I'm afraid they may get burned one more time.
 
Remember the Volkswagen squeeze in the middle of 2008 bear market? Similar deal could happen this year.


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