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Tesla's bounce – sustainable or dead cat?
$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.
1 comments · 6 points
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.