3 types of buyers
There are 3 types of buyers we will see today.
1. Shorts covering their positions. They had their fair share of good days, so they have to quickly take their profits with the recent rally. For those who are late in shorting Tesla, they will have to cover at a loss.
2. FOMO buyers - this happens after they see a 15% post earnings rally and the current pre market 8-10% rally
3. Investors who now see the potential in FSD
1. Shorts covering their positions. They had their fair share of good days, so they have to quickly take their profits with the recent rally. For those who are late in shorting Tesla, they will have to cover at a loss.
2. FOMO buyers - this happens after they see a 15% post earnings rally and the current pre market 8-10% rally
3. Investors who now see the potential in FSD
The more the 2nd and 3rd type of buyers step in, the more the 1st type of buyers will increase due to short / gamma squeeze. As a result, it further accelerates the price rise.
It’s gonna be fireworks when the market opens.
If we can close above 180, it likely opens the door to 195-200 area.
If we can close above 180, it likely opens the door to 195-200 area.
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