Does Tesla need to pull back after surging to 400?

103447389 : Originally, I would have thought that the range of 280-315 would oscillate for a while before breaking through, but I didn't expect it to quickly break through 330. Next, I expect the range of 328-370 to oscillate, it is unlikely to see a pullback for now. It depends on how long this range will oscillate, if it breaks through like the 280-315 range in a short time, then it could go up to 400. Currently, there is no significant resistance to the price rise, it all depends on how much volume is absorbed in the 328-370 range.

Elon Musk Tesla OP 103447389 : Agree, this time is different from the past, not just because the performance has improved slightly, but because the influence of Tesla and Elon has been enhanced overall.

103447389 Elon Musk Tesla OP : I felt on Thursday that the stock price would break through 300, and once it did, it would go up to 315. So I bought a 315 end-of-day options on Thursday. The stock price broke through 300 on Friday, and I quickly consolidated and absorbed the chips at 312-315, then broke through. During the consolidation, I also bought 317, 320 end-of-day options. However, due to fear of heights, I did not maximize the profit, but I already made a profit of 200% that day. Next week, I am still looking at 328-370, and a pullback seems unlikely. As for the current overbought stage, there may be adjustments during the trading day. The price is within expectations, but I didn't expect it to happen so fast, hahaha, it's hard to grasp. That's the charm of it.

YuNer 103447389 : Thank you for sharing.

Risinginging : It might be hard to get to 400.

Elon Musk Tesla OP Risinginging : It all depends on whether institutions will support it. Relying on retail investors definitely won't drive it up. Currently, most institutions are short sell. If the company does not make substantial progress, it feels like it won't go up this year.