What You Need to Know About Tesla's Parabolic Uptrend ❗❗



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What You Need to Know About Tesla's Parabolic Uptrend. Parabolic Moves. Specifically looking at Tesla. Tesla has been going crazy and I like looking at these parabolic moves and the price action behind them. Tesla was trading in a range for a long time with buyers and sellers mostly balanced. What happened with Tesla is that there were a lot of short positions in relation to the number of shares in issue. So if these people choose to cover it will take them a lot of time and that will put more upward pressure on the stock price. This ended in a blow-off top. A lot of people are getting burned on this by shorting it too early.

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