Tesla's bounce – sustainable or dead cat?

asked by u/devries_pablo · 29d · 1 answers

$TSLA up 1.08% today, trading at $404.8. Interesting bounce after yesterday's dip. Is this a genuine recovery from the recent support area, or simply short covering? The macro picture for EVs remains a bit mixed for me. Looking for confirmation above $410 before considering any long positions.

Join the full discussion

Top answers

  • u/hamza_h· 1 pts· 28d

    I'm leaning towards dead cat bounce on this one. Volume is still pretty weak on this move up, and the broader market isn't exactly screaming 'bullish' right now.